Tag: Technicals

  • 22 Sep

    Technical Analysis Report for Nifty and Three Buy Calls

    The Nifty index has been on a strong uptrend in the past three weeks, but it has recently retraced some of those gains. It is now expected to oscillate within the 19,605 to 19,878 range over the next few sessions. Three stocks that look good for buying over the next 2-3 weeks are Havells India, KSB, and Gujarat Ambuja Exports. All three stocks have strong bullish momentum and are trading above their key moving averages.

  • 20 Sep

    Nifty breaks winning streak, but remains in medium-term uptrend

    The Nifty broke its three-day winning streak on September 18, but the medium-term trend remains positive. Traders are advised to accumulate longs on decline with a stop-loss at 19,770 on the Nifty on a closing basis. Broad market indices like Nifty Midcap and Smallcap indices are likely to underperform in the coming few weeks. Here are three buy calls for the next 3-4 weeks: AMI Organics, GSFC, and Axis Bank.

  • 20 Sep

    Nifty50 consolidation likely in range of 20,200-19,900

    Indian equity markets are expected to consolidate in the coming days, with the Nifty50 likely to move in the 20,200-19,900 range. The market may remain directionless until the outcome of the two-day Fed policy meeting scheduled on September 20. Investors should be cautious and avoid making any aggressive bets. It is important to focus on quality stocks with strong fundamentals and maintain a diversified portfolio across different asset classes and sectors. Investors may want to watch stocks like Mahindra & Mahindra, Yes Bank, and Bank of Baroda.

  • 19 Sep

    Indian Stock Market Sees Profit Booking, but Outlook Remains Positive

    The Indian stock market saw some profit booking on September 18, 2023, but the overall outlook remains positive. Three stocks that outperformed broader markets on that day were Titan Company, Punjab National Bank, and Asahi India Glass. Titan Company is a leading jewelry and watchmaker in India. The stock is in a strong bullish trend and is expected to continue its upward trajectory. Punjab National Bank is a leading public sector bank in India and is also in a strong bullish trend. Asahi India Glass is a leading manufacturer of glass products in India and is in a bullish trend. Analysts recommend traders and investors buy this stock further.

  • 18 Sep

    Nifty Continues Upward Trajectory, But Caution Advised

    The Nifty is likely to witness some consolidation or price corrections in the near term, but the overall sentiment remains positive. Traders can look to buy dips in Grasim Industries and SBI Life Insurance Company for short-term gains.

  • 16 Sep

    How to Trade Confidently in a Bull Market with Volume PCR

    Volume PCR (Put Call Ratio) is a technical indicator that can be used to gauge short-term market sentiment. A higher Volume PCR indicates that more put options are being traded than call options, which suggests that bearish sentiment is increasing. Volume PCR is negatively correlated with the underlying, meaning that it often rises during the fall in the underlying and often falls during the rise in the underlying. This means that Volume PCR can help us get the first sight of a turnaround in a bull market. Traders can use Volume PCR to trade more confidently in a bull market by looking for Volume PCR to be at a recent bottom.

  • 15 Sep

    Nifty50 extends upward journey to 20,200, may test 20,500 soon

    The Nifty50 and Bank Nifty indices are in a bullish trend and may continue to move higher in the coming sessions. However, traders should be cautious and maintain appropriate stop losses.

  • 14 Sep

    Nifty50 Forms Spinning Top Pattern, Bears in Command

    The Nifty50 formed a Spinning Top pattern on September 14, indicating indecisiveness in the market. The index is likely to consolidate in the short term unless it gives a decisive close above 20,200 levels. The broader markets are also likely to consolidate in the near term. Investors should wait for a clear trend to emerge before making any major investment decisions.

  • 14 Sep

    Nifty50 closes above 20,000, Bank Nifty gains 398 points

    The Nifty50 closed above the 20,000 mark on September 13, supported by banks. The index rose 77 points or 0.39% to close at 20,070. The Bank Nifty gained 398 points to 45,909. The top gainers on the Nifty50 were Punjab National Bank (8.5%), Aarti Industries (5.6%), and ITI (19.4%). Experts believe that the market is expected to continue its upward momentum in the coming sessions, but investors should be cautious of profit-booking at higher levels.

  • 13 Sep

    Nifty50 closes above 20,000 for the first time, Bank Nifty rises 398 points

    The Nifty50 rebounded on September 13 after a day of correction, closing above the psychological 20,000-mark for the first time. The index formed a bullish candlestick pattern on the daily charts, with the immediate support placed at 19,950 levels. The Bank Nifty also bounced back after seeing correction in previous session, and closed at 45,909, rising 398 points.