The level of 9,200 might act as a base for Nifty's weekly expiry
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
From the high touched on April 30, the Nifty has not even retraced 50 per cent but the Bank Nifty has corrected slightly over 78 per cent.
The momentum indicator RSI is making a lower top and lower bottom formation which shows that Nifty is losing the strength
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Till the time we are holding 9,000, the bulls should remain hopeful.
Marico's stock has provided breakout from a cup and handle pattern on the daily chart
At present, traders are advised to stay light and should ideally continue focusing on individual stocks
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The broader structure of Nifty still looks weak though
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The pullback which was seen from 7,511 to 9,889 seems to have ended and primary downtrend has started for Nifty
Nifty is currently near its previous swing low which is placed at 9,150
Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts
IGL is in an overall up trend on the daily and weekly charts
Titan's stock has formed a short-term base and also given a breakout from a falling wedge pattern on the hourly chart
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
At present, traders are advised to keep following stock-specific approach