Page 41 - Market Technicals

TCS, Infosys: Positive Q3 results may trigger next leg of rally in IT stks

In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)

Trading strategies for Gold and Aluminum by Bhavik Patel of Tradebulls Sec

Low interest rate is also making gold an attractive bet. We might see inflation coming up in 2021 so that will also be another positive factor for gold

Different chart types used in technical analysis and how to read them

The three basic charts are: Line charts, Bar charts, and candlestick charts

Nifty needs to hold 14,100 to remain in uptrend: Gaurav Garg of CapitalVia

We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000

ONGC, Asian Paints: Bull sentiment intact in oil-linked stocks, charts show

Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent

Immediate target for Nifty is at 14,310: Vinay Rajani of HDFC Securities

Support for the Nifty index has shifted to 13,950 levels

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

Nifty eyeing 14,200; broader markets to outrun benchmarks: Sameet Chavan

The real action lies in the broader markets which may continue to provide better trading opportunities

Trading strategies for Bharat Forge and Escorts by Vaishali Parekh

The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal

Escorts, M&M: Tractor stocks could see 20-30% upside, charts suggest

Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions

Three stocks that Nilesh Jain of Anand Rathi Shares is bullish on

The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart

Stock suggestions by Gaurav Garg of CapitalVia: Buy Maruti Suzuki, Voltas

The stock of Maruti Suzuki India might show further strength if it moves above 7,620

Stock market outlook: Bull run to continue in 2021; Nifty may hit 15,000

If the current bull sentiment remains intact, the Sensex may scale 51,000 while the Nifty50 may hit 15,000 in 2021

Cycle indicators that traders can use to predict stock movement

The two major cyclical indicators that assists in identifying the shift in cyclical trend are: Commodity Channel Index (CCI) and Detrended Price Oscillator (DPO)

Trading calls by Ajit Mishra of Religare Broking: Buy Cipla, Eicher Motors

Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon

Trading ideas by Nilesh Jain of Anand Rathi: Buy L&T, IDFC First Bank

L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

HDFC Bank stock has maintained a good support base near Rs 1,340 levels and picked up momentum

Here's a Bull Spread Strategy on Aurobindo Pharma by HDFC Securities

The stock price has broken out from the downward slopping trendline

Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

If Nifty again slide below 13,626, we may see some corrective move in the concluding week of the current calendar year