Page 4 - Trading Strategies
MCX Gold likely to consolidate; Silver may re-test Rs 70,000
The MCX Gold futures are likely to consolidate in a trading band of Rs 56,100 to Rs 57,300 in the coming trading sessions.
 "MCX Gold likely to consolidate; Silver may re-test Rs 70,000")
More downside seems likely on the Nifty, Bank Nifty, says Ravi Nathani
According to the technical analyst, the key support for the Nifty is at 17,475, below which the NSE benchmark can slide to 17,040 and 16,660 levels.
 "More downside seems likely on the Nifty, Bank Nifty, says Ravi Nathani")
Flows to Indian equities are at risk as investors eye China: Chris Wood
He believes India remains the best long-term equity story in Asian and the emerging market (EM) context
 "Flows to Indian equities are at risk as investors eye China: Chris Wood")
Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600
Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%
 "Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600")
F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level
Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.
 "F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level")
Pharma, Energy, Commodities indices look bearish on charts: Ravi Nathani
According to the technical analyst, the Nifty Energy index can drop to 24,239, and the Pharma to 12,100.
 "Pharma, Energy, Commodities indices look bearish on charts: Ravi Nathani")
MCX Crude oil may find support at Rs 6,400; Natural Gas could test Rs 227
On the upside, the Rs 6,700-odd level remains a major hurdle for Crude Oil futures; whereas, interim support for Natural Gas is placed at Rs 240.
 "MCX Crude oil may find support at Rs 6,400; Natural Gas could test Rs 227")
Trend looks bullish on Nifty Pharma, Media indices, says Ravi Nathani
According to the technical analyst, the Nifty Pharma index can rally up to 13,250 level, while the Media index can surge to 2,080 level.
 "Trend looks bullish on Nifty Pharma, Media indices, says Ravi Nathani")
Ravi Nathani is bullish on auto shares; bearish on metals, PSU banks
According to the technical analyst, the Nifty Auto index can rally to 13,050 - 13,160 levels.
 "Ravi Nathani is bullish on auto shares; bearish on metals, PSU banks")
Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up
The overall bias for Gold prices likely to remain bullish as long as Gold sustains above the Rs 55,700 - Rs 55,400 support zone. This week, Silver prices may look to retest the Rs 70,000-mark.
 "Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up")
Ravi Nathani expects Nifty to hit 18,400; cautions on Pvt Bank
According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.
 "Ravi Nathani expects Nifty to hit 18,400; cautions on Pvt Bank")
Adani Enterprises FPO: Short-term trend on the stock remains negative
A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak
 "Adani Enterprises FPO: Short-term trend on the stock remains negative")
F&O Call: Nandish Shah recommends Bull Spread strategy on IOC
The derivative analyst from HDFC Securities recommends to Buy IOC 83 Call and simultaneously SEll 85 Call of the January expiry.
 "F&O Call: Nandish Shah recommends Bull Spread strategy on IOC")
Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani
As per the technical analyst, the best trading strategy for traders would be to buy Nifty IT either at the current market price or at dips, with a target of 31,500
 "Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani")
Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.
 "Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150")
Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
Uptrend in Crude oil capped at Rs 6,760; Pivot for Natural Gas at Rs 285
In case Rs 285 holds, Natural Gas futures can potentially rally to Rs 344.
 "Uptrend in Crude oil capped at Rs 6,760; Pivot for Natural Gas at Rs 285")
Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.
Nifty trading range has narrowed down, says Ravi Nathani
According to the technical analyst, the near-term trading range on the Nifty is 18,149 - 17,760, close above or below would add trigger in the direction.
 "Nifty trading range has narrowed down, says Ravi Nathani")
Gold may take a breather around Rs 56,850; Trading range narrows for Silver
The overall bias for Gold remains bullish, with near support seen at Rs 55,900 level. The Bollinger Bands indicate a likely trading range of Rs 2,000-odd points for the MCX Silver March futures.
