Momentum oscillator MACD has provided a fresh buy crossover on Nestle's daily chart
IGL has tested the major support zone of the long-term moving average (200 EMA) on the daily chart of late
Wipro's stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes
The index may see some profit-booking once it reaches the 78.6 per cent retracement zone of the entire fall i.e. 11,000-11,200 levels
The current chart formation, along with the positioning of the confirmation indicators, are all pointing towards a fresh breakout ahead in Axis Bank's stock
The overall fall in volatility is hinting at no major move in the short-term
TVS Motor's stock has failed to surpass the resistance zone of the long-term moving average on the daily chart
Most stocks need to conquer their 200-DMA for the next surge.
Traders are advised to avoid carrying aggressive bets overnight while trading in Nifty
Traders are advised to avoid carrying aggressive bets overnight while trading in Nifty
Market overview and technical calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Mphasis' stock has provided breakout from a consolidation zone
Lupin's stock is making a higher top and higher bottom pattern on the daily chart
The primary trend of the ICICI Lombard GIC's stock is bullish
Pharma stocks provide a good hedge as the markets slip from recent highs. For the Sensex, 32,400 level remains key
Once the stock breaks out, wait for the rally to sustain with decent volumes. Volatility in volume structure reflects uncertainty and indecision. It is better to hold nerves and let the price settle.
Major stocks are facing resistance at a 100-day moving average (DMA).
We could see contribution from the broader market too in the coming days
A follow-up buying may induce stronger momentum trapping short-sellers
The stock's primary trend is positive and its price is trading above 200-day SMA