The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES
Confirmation of breakout in Nifty would come, once it sustains above 15,000 levels
HDFC AMC's stock has seen some significant increase in trading volumes from the past few trading days indicating strong hands accumulating the stock at lower levels
Infosys has rebounded from the supporting trend-line on the daily chart suggesting a good opportunity to accumulate the counter
Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range
Recently, the stock of Divi's Labs has given a weekly range breakout, making a new high of 4133, supported by volumes
The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy
HEG stock after trading with a strong uptrend recently underwent some consolidation
On Tuesday, the stock of SBI has given breakout from the downward sloping trend line
Most metal stocks are trading at their record highs and showing no sign of slowing down
From 740 in November 2020, Thermax entered an uptrend, making several higher bottoms at 880-940-1140
Off late, the private banks have underperformed but they are showing signs of base formation
For Nifty, the immediate resistance zone can be seen around 14,575-14,650, where a sustainable move beyond 14,650 would negate the possibility of further correction
We anticipate for further upside movement in the coming days in HDFC and RITES stocks
The recent correction in the markets dragged Bajaj Finance's from the high of Rs 5,800 towards Rs 4,400-mark
The price pattern is very strong on the technical parameters and Dr Reddy's Labs could outperform once there is more clarification on the developments of vaccine
The stock of HDFC AMC is moving above the 50-EMA level of 2,935 and is showing further strength
All the stocks are trading above their respective important averages, indicating upward bias
The short-term trend of the stock is positive as stock price is trading above its 5 and 10-day EMA