Page 16 - Trading Strategies

Bias for MCX Crude Oil remains negative; 200-DMA is the key support

Meanwhile, the Natural Gas futures soared nearly 79 per cent in the last 15 trading sessions to a new high of Rs 760; the commodity could witness some profit-taking now.

Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%

CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday

Tata Steel, Vedanta can surge 14%, provided they defy this chart formation

All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.

Prashant Jain quits HDFC AMC: Here's how the stock looks on the charts

Shares of HDFC AMC had rallied significantly post its debut in July 2018. However, after hitting a peak at Rs 3,681 in November 2019, the stock has since then declined over 50 per cent.

How to trade RIL, ICICI Bank, Infosys, UltraTech Cement post Q1 results?

ICICI Bank can rally to a new high if the stock manages to sustain above its 200-DMA; Infosys and UltraTech Cement too look promising, while Rs 2,350-level remains the key for Reliance Industries.

Key levels: Gold needs to sustain above Rs 50,700; Silver above Rs 54,100

The MCX Gold futures seem to be taking support around the 200-DMA, on the upside sustained trade above the 20-DMA at Rs 50,700 can trigger a fresh rally.

Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors

Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.

Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%

CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each

Sugar stocks in focus: Short-term reversal or have they bottomed out?

After the massive slaughtering post April 2022, sugar stocks consolidated in June and are now witnessing a pullback rally.

Sensex up 630 pts, Nifty atop 16,500; ONGC, RIL, Infy, TCS top contributors

Stock market live updates: At 7:25 AM, the SGX Nifty Futures quoted at 16,512 levels, indicating a gap-up of 172 odd-points.

How to trade RIL, ONGC, Oil India post cut in windall tax? Find out

While the underneath trend seems positive, Reliance, ONGC and Oil India need to sustain above the major support levels for further gains.

Bias for MCX Crude Oil still negative; Upside seems capped for Natural Gas

The MCX Crude Oil futures are likely to trade with a negative bias as long as the commodity trades below Rs 8,200. Whereas, Natural Gas futures face near resistance around Rs 604.

RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$

CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India

Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%

CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries

Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show

Shares of Mindtree seem fairly placed and can rally up to 23 per cent, while ACC, HDFC Bank and ICICI Prudential Life need to conquer key levels for a fresh rally to emerge.

MCX Gold futures trade near 200-DMA; Silver likely to test 200-WMA

The MCX Gold futures may test its support at the 200-DMA placed at Rs 49,750, while Silver futures may dip towards the 200-WMA placed at Rs 53,900-odd level.

Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead

CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts

Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%

Shares of HDFC Bank seem placed in the accumulation zone, while HDFC needs to hold on to key moving averages. Charts also indicate a wait and watch approach for LIC of India.

Here's why Mehul Kothari is bullish on Hindustan Petro, Whirlpool

According to the technical analyst from Anand Rathi, Hindustan Petroleum can be bought near Rs 237, while Whirlpool of India should be bought above Rs 1,680.

Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit

CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards