The stock of Hindustan Petroleum Corporation (HPCL) has formed a strong base at around 205 levels and is making a higher top and higher bottom formation on the daily chart
The stock of Maruti Suzuki India might show further strength if it moves above 7,620
Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon
L&T stock has witnessed a build-up of long positions with the addition of 6 per cent open interest
HDFC Life stock has provided a breakout from a falling channel on the daily chart and the conservative target for the same is coming around Rs 680 levels
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
Escorts share price has witnessed a decent correction and has flattened out near 1290 levels to improve the bias
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher
Short covering was seen in the Divi's Lab Futures' where we have seen 1 per cent fall in the Open Interest with price rising by 3 per cent
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438
In line with other oil marketing stocks, the stock price of Hindustan Petroleum has been witnessing gradual recovery for the last two months
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
Traders should try to create a long position keeping a close eye on 13,400
With a broader view, 14,000 and beyond levels are very much possible, but for the time being 13,500 - 13,600 are the extreme levels as per few key Fibonacci ratios
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
Hero Moto stock is witnessing a resistance breakout from its immediate resistance level placed at Rs 3,205.
As far as support is concerned, 13,145 is a crucial level to watch out for