The stock of HUL indicates a positive trend reversal on technical charts
Nifty50 can witness profit booking only if it breaks level of 14,500
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
The Nifty50 has recovered more than 62 per cent of the entire fall which was registered from 14,653 to 14,222
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
The chart looks attractive for further upside movement in SPARC with the RSI indicator also showing a trend reversal
The stock of Syngene International is also sustaining above its important moving averages
The stock of HPCL has witnessed a built-up of long positions with the addition of 10 per cent open interest
Britannia has been among the top-performing FMCG counter for the last several years
Immediate resistance for the Nifty is seen at 14,890
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
The stock price has already broken out on the daily chart on 6th January. Moreover, insurance as a sector is showing strength on the chart
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range
Support for the Nifty index has shifted to 13,950 levels
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
The real action lies in the broader markets which may continue to provide better trading opportunities
The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal