The sharp upswing in the market has got several traders off guard. Shrugging off grim economic forecasts and rising Covid-19 cases, the benchmark Nifty has climbed 11.4% from May 18
Next target for the Nifty is seen at 10,160 and 10,550
Britannia has broken out of the consolidation range of Rs 3,400 to Rs 2,400 levels while Escorts witnesses buying above the resistance level of Rs 900.
The level of 9,200 might act as a base for Nifty's weekly expiry
Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track
Long build up was seen in the Tata Motor Futures' on Thursday where we have seen 67% (Prov) rise in the Open Interest with price moving up by 2.9%.
Here is you can use Line Chart, Candlestick Chart, Renko Chart, and Point and Figure charts to your advantage while trading in stocks
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Here is how you can trade in these news-driven counters and maximise your gain
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
A gap down close after touching 100-DMA indicates selling pressure in HDFC Bank. he counter has consistently failed to conquer 100-DMA as gap-down close has forced prices to correct even further.
Long build-up was seen in the Glenmark Futures yesterday
One needs to first gauge the overall trend by correlating different indicators and chart patterns with price momentum
As the nation-wide lockdown enters its fourth phase, albeit with some relaxations, air and rail travel continues to be suspended. Most of the related stocks in these two sectors have taken a hit
Mahindra & Mahindra's stock has provided a breakdown from a rising wedge pattern on the daily chart
The stimulus package announced by the government since the past few days may trigger a further upside in these stocks over the next few days.
Primary trend of the stock is positive where stock price is trading above its 100 and 200-day SMA
Finance Minister Nirmala Sitharaman announced a major liquidity boost of Rs 75,000 crore to NBFCs and microfinance institutions (MFIs).
It gives signals that can establish a potential trade. The accuracy is decent and the trader needs to be on his toes to capture the price move.
Benchmark indices, S&P BSE Sensex and NSE's Nifty gained ground on Wednesday, a day after Prime Minister Narendra Modi announced a Rs 20 trillion economic boost for Covid-19 hit economy