Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move
ITC stock needs to sustain over Rs 350 to embark a new bull-run
Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.
Check out the trading strategies in these frontline counters in a choppy market.
Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions
Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
Volumes spurt were significantly higher during strong positive closes than during negative sessions.
Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,
After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.
According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.
A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.
Stock reaching fresh 52-week highs may further see up to 23 per cent upside
Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance
HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500
The derivative analyst from HDFC Securities suggests to BUY 7,200 Call for January 25 expiry of UltraTech Cement, and simultaneously SELL 7,400 Call of the same series.
The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction
According to the technical analyst from Anand Rathi, Hind Petro can surge to Rs 278; while SAIL can advance to Rs 97.