The Nifty has broken down from the symmetrical triangular pattern, which is a bearish reversal pattern
Nifty has for now shown resistance at its triple top level near 12,300 levels
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The daily, as well as weekly momentum indicators in Nifty, have provided a buy crossover
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Ashok Leyland has been rebounding for the past five months and is now trading on the verge of fresh breakout from the consolidation range
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
In the banking space, private banking majors are leading from the front and still looking buoyant
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front
Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive
For Nifty, the immediate support on the lower side is pegged at 12,225; hence, till those levels are not broken, the trend is positive for the target of 12,340
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
While the other IT counters are witnessing volatile swings or reeling under pressure, Tech Mahindra is comfortably holding above the support zone of multiple moving averages on the daily chart
Technical calls from Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Bank Nifty would have a range of 31,370-32,650
Weekly Technical Recommendations by Religare Broking Ltd.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The support for the week is seen at 39,770/11,700 while the resistance would be seen near 41,100/12,140 levels. Bank Nifty would have a weekly range of 30,660 - 32,000 levels.