It would be very important for the banking index to surpass the 36,000 mark to push the benchmark to new highs
Hero MotoCorp's stock has broken down below the last six week's price consolidation
Bajaj Finance's stock price has broken out from symmetrical triangle on the daily charts, and rising volumes have confirmed the breakout
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support
Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart
The stock price of Indian Hotels has broken out from its three-week-long consolidation
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
On Friday, the benchmark S&P BSE Sensex tumbled as much as 722 points in intra-day deals
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis
On the daily chart, the Nifty MidCap index in reaching the '100% Price Extension' of the previous up move
Piyush Garg, executive vice-president & CIO PMS, ICICI Securities shares his views on the road ahead for the markets and the investing strategies one should adopt
Momentum indicators are in favour of bulls
The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.
Nifty has recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50-day SMA
Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week
Traders should try to create short position keeping close eye on 15,200
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
Dr Lal PathLabs' stock seems to have lost its sheen now as we are seeing consistent corrective moves over the past few weeks
Confirmation of breakout in Nifty would come, once it sustains above 15,000 levels