Below 14,416, Nifty could slide towards next support of 14,150
Quess Corp's stock is forming bullish flag pattern on daily charts
On Tuesday, the stock of SBI has given breakout from the downward sloping trend line
The sustained level below 14,190 could drag Nifty towards 13,600-odd levels
We finally witnessed a decisive price and volume breakout from the recent congestion zone in Strides Pharma
Goldman Sachs analysts now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their 'overweight' stance on India for now
Longs should be protected with the stoploss of 14,275 in Nifty
The deciding factor in days to come has to be the financial space
It is better to take stock-specific approach as the Nifty index is likely to remain choppy. Midcap and Smallcap Indices are expected to outperform
The recent price chart displays a 'Bullish Flag' breakout in Happiest Minds' stock
Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Asian Paints seems to have completed its corrective move and are poised for a resumption of the uptrend
Support for the Nifty is seen at 14,500 and with that as a stop loss, traders should remain bullish
Price-wise, BPCL's stock seems to have a sturdy structure on the weekly time frame and, looking at the lower degree chart, the recent price correction appears to have completed
The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms
With Friday's move, 15,200 - 15,400 has become a sturdy wall for Nifty and it would really be a daunting task surpassing this in the absence of any major trigger
L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months
We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250
The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed