Key Points
Nagaraj Shetti, Technical & Derivative Analyst, HDFC Securities, says all three OMCs have seen some significant upside momentum from the lower levels..
We have seen some smaller upside bounces in the last session..
Do you think the market is readying for much lower levels from here on because there was no buying support at all on Friday?..
But for the short term, Nifty is currently placed at the support around 21,800-21,850 odd levels and I am expecting upside, short-term upside bounce from the lower levels right now in the next one or two, this consolidation, yes, minor upside bounce from the lower level is likely to occur..
Having declined sharply from the higher levels, these broader market indices are consolidating, finding minor bases at the lower levels..
You might be interested in
AB Capital & Castrol India are Nagaraj Shetti’s top picks of the day. Here’s why
16, Feb, 24Nagaraj Shetti recommends AB Capital and Castrol India as top picks. AB Capital has a positive chart pattern and a target of Rs 196-197. Castrol India is in an uptrend with a target of Rs 220-222. Both stocks have stop losses in place.
Tech View: Nifty finds support at 20-DMA. What traders should do next week
09, Feb, 24Nifty on Friday ended 65 points higher and found support at 20-DMA to form a small body-positive candle with a minor lower shadow on the daily chart to signal buying at lower levels.
Market repeatedly attempting breakout above all-time high, Nifty trend positive; check technical stock picks
22, Jun, 23The market is repeatedly trying to see Nifty breakout above its all-time high, but has not succeeded due to lack of strength at the upper hurdle.
Nifty to gain above 17,700 or extend losses? Check 7 key things to know before share market opens
19, Apr, 23The SGX Nifty is trading in the red on Wednesday, hinting at a negative start for Nifty and Sensex. Here are seven key things to know before market opens.
GIFT Nifty down 50 points; here's the trading setup for today's session
27, Mar, 24Equity markets show negative trends amid global data and derivative expiry. Analysts predict consolidation. Nifty faces resistance at 22,075, support at 22,000. India VIX rises. Asian stocks advance. US market slips.
Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 21
21, Dec, 23Buy or sell stocks: Vaishali Parekh has recommended three intraday stocks for today — Camlin Fine Sciences, Sula Vineyards and Muthoot Finance
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 12th July
12, Jul, 23Indian market to be influenced by Q1 earnings of major IT firms like TCS and HCL Tech. Market tone expected to be positive, but volatility possible. In previous session, markets ended positively. Sensex up 0.42%, Nifty 50 up 0.43%.
Technical Breakout Stocks: How to trade EIH, YES Bank & Adani Green on Thursday
07, Feb, 24Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower.
Revitalized Surge: Stock markets roar back to green, marking a defiant reversal in recent trends
21, Nov, 23Mumbai (Maharashtra) [India], November 21 (ANI): In a rebound from a two-day losing streak, the Indian stock market showcased resilience on Tuesday, fuelled by positive global cues. The Sensex surged by 275.62 points, closing at 65,930.77, while the Nifty gained 89.40 points, settling at 19,789.40. Show Full Article Sector-wise, the pharma, realty, and metal indices […]
Day trading guide for today: Six buy or sell stocks for Thursday — June 8
08, Jun, 23Day trading stocks: Market experts have recommended six stocks to buy today — SBI, BPCL, TTML, Suzlon, Dixon Technologies and Wipro