A decisive close above Rs 1,400 triggered short-covering, resulting in the new up move. That apart, a "flag pattern" with a breakout suggests Rs 1,420 and Rs 1,450 will act as an immediate support
Here are the weekly stock recommendations by Religare Broking
The stock that hits a new lifetime high attracts more volumes resulting in higher price levels.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
MTNL saw a continuous 'gap-up' close in last 16 sessions, while Bharti Airtel has been rising with 'Higher High, Higher Low' formation.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
At current levels, the Nifty 50 is testing the 12,000 mark. Here is the list of stocks in Nifty 500 that are trading in overbought zone and could see some correction in the days ahead
Nifty is able to breach the level of 11,800, it will lead to sell-off which will open the risk of correction up to 11,650
HUL has seen a strong selling pressure above Rs 1,850 levels before breaking out after the government cut corporation tax.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
While the development is a step in the right direction as regards the real estate sector, non-bank fiannce companies (NBFCs) and the cement sector, too, will reap benefits, some experts say
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Weekly Technical Recommendations by Religare Broking Ltd.
Here's a look at what technical charts indicate for Nifty Bank and key private banks.
According to the experts, the verdict will have a devastating impact on the telcos and Vodafone-Idea will be the worst-hit.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.
Till Indiabulls Housing Finance does not consolidate at the current levels at least for two months with above average volumes, one should not be optimistic
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters