Even as Adani Transmission hit new lifetime high on Tuesday, most power sector stocks are showing bearish signs. Here is how they look on the technical charts
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
It's ideal to focus on Nifty only once it clears the minor range of 11,800-11,940
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
Both the technical parameters - Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for Nifty PSU Bank index are trading with negative crossover and indicate weakness
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Till 11,950 is held on the Nifty, one can maintain the long positions however if it breaks one has to reverse the longs to shorts
The Nifty Bank has seen a sharp rally from 27,750 to 32,150 levels in the last 33 sessions. It witnessed one session of a "gap-up" close, whose range of 30,860 - 30,789 is not even filled
Hero MotoCorp, Mahindra & Mahindra (M&M), and Tata Motors have slipped in the range of 8-11 per cent over the last one month.
rom Nifty option chain, the next support level for Nifty is seen at 12,000
After a strong breakout above Rs 400, Bharti Airtel has managed to absorb the selling pressure in the range of Rs 440 - Rs 455.
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.
Traders should try to buy any dip at higher levels as Nifty has maximum put OI at 12,000 which will act as major support levels for the weekly expiry
Here are the weekly stock recommendations by Religare Broking
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Nifty has again started to form higher tops and bottoms and has finally provided a breakout from the crucial swing resistance of 12,040 levels
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor