RIL, Infosys and Hindustan Unilever - accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23
For HUL's stock, the bias has improved a lot and the stock has the potential to rise further
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
The broader structure of Nifty still looks weak though
Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing
As the Nifty Bank index shows a negative reversal, the banking stocks are struggling to conquer their respective resistance levels.
Are stocks from this sector a good trading bet? Here are the key levels you should know regarding frontline stocks from this sector
Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.
The Morning Star is considered as a positive indicator, whereas Evening Star denotes a negative turnaround.
IGL is in an overall up trend on the daily and weekly charts
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
NBFC, as a sector, is looking good for the short-term
This candlestick pattern provides the first sign of weakness and if the price fails to conquer the high of the "Hanging Man", then the weakness may turn into a major bearish trend.
The Nifty IT index may witness a major upward trigger after a strong close above 13,000-mark
At present, traders are advised to keep following stock-specific approach
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground