HDFC twins are nearing all-time highs while Bajaj group stocks have seen a tremendous surge in the ongoing November series.
Trading longs should be held on with the stop loss of 12,700 levels. We expect midcaps to outperform in the coming days.
Bata India has been trading in a range for the last seven months, after a sharp slide from its record high.
Last week, we had witnessed a 'Bullish Flag' breakout around 12,050 and since then markets never looked back.
The vaccine may induce a serious frontloading of the rally before logistical challenges or slower growth normalisation begins to bother markets, says UBS
HDFC Life has been gradually inching higher, after spending nearly a month in consolidation range, while holding strongly above the support zone of the long term moving (200 EMA) on the daily chart
All indicators point to a gradual rise in Aurobindo Pharma's stock from the 100 EMA support
The momentum indicators and oscillators are very well in the buy mode on daily as well as weekly scales which hints of a further positive momentum in TCS
Sun Pharma's stock is in a rising trend
Looking at the technical set up, with last week's price activity, we can see a formation of 'Bearish Engulfing' pattern on weekly chart
Short term trend of the stock is positive where stock price is trading above its 5- and 20-day Moving Averages
The stock of Bajaj Auto has breached its short term 21-DMA which was placed at 3020, which will now act as a major resistance
Once the stocks conquer 200-WMA, the upside potential is huge.
After a sharp dip in March 2020, Britannia Industries has recovered almost vertically and made a new record high at Rs 4,010 in July 2020
Future Consumer faces a stiff resistance around Rs 12.50 levels. Here's a look at how the Future Group stocks look on charts.
Nifty's momentum indicators and oscillators on the weekly scales are still in 'buy' mode
The stocks trading above the 200-DMA are usually in a bullish phase. Here is the complete list
Unless a stock shows breakdown underneath the previous support level decisively, avoid it.
The stock of ABB has maintained a good base near 890 levels and has picked up momentum to improve the bias
We can witness short-covering move along with addition of fresh position only if Nifty breaches level of 11,350. Therefore, traders should try to create long position, keeping close eye on 11,200