RSI
Stock Radar: Fiem Industries up nearly 30% in 1 month, hits fresh record high in September; buy, sell or hold?
Fiem Industries Ltd, an auto component stock, has surged by 30% in a month, reaching new record highs. Experts suggest that the rally may continue, with a target of Rs 2,000. The stock has shown strong bullish momentum and investor interest, supported by key moving averages and technical indicators.
Tech view: 25,500 crucial resistance for Nifty; decisive up move to take index higher. How to trade on Thursday
Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
Tech view: Nifty may consolidate between 25,150-25,600 in near term. How to trade on Tuesday
Despite a small negative candle for the second consecutive session, analysts suggest this could signal a continuation of the uptrend. Open interest data also supports this view, with higher call OI at 25,400 and 25,500 strikes.
Tech View: Nifty forms red candle on daily chart. What traders should do on Monday
Despite starting on a positive note, the Nifty ended the week with a slight dip. Siddhartha Khemka from Motilal Oswal Financial Services pointed out that besides oil & gas, FMCG, and healthcare, most sectors closed lower, contributing to the market's loss on Friday.
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Ramco Systems shares jump 6%, hit 52-week high on Aviation Software 6.0 launch
Ramco Systems Share Price: Ramco Systems shares hit a 52-week high at Rs 455, up 6%, following the launch of Aviation Software 6.0, featuring advanced MRO and M&E capabilities.
Tech view: Nifty short-term downtrend sees reversal, forms Doji-like candle. How to trade on Wednesday
Nagaraj Shetti of HDFC Securities stated that the Nifty's short-term trend appeared to have reversed upward and was currently at the crucial resistance level of 25,200. He suggested that a decisive move above this level could potentially open the door for further gains towards new all-time highs. He also identified the immediate support level for the Nifty at 24,900.
Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday
Although the Nifty's short-term trend is still weak, the market shows promising signs of a sustainable recovery after a minor dip. According to Nagaraj Shetti of HDFC Securities, crossing the 25,150 level is crucial for confirming a potential upward trend reversal. He also notes that immediate support lies at 24,750.
Dalal Street Week Ahead: Nifty may continue to remain under corrective pressure
The volatility spiked as well; the volatility barometer India VIX surged by 13.63% to 15.22 on a weekly basis. While setting a distinct corrective undertone, the headline index closed with a net weekly loss of 383.75 points (-1.52%)
Tech view: Nifty breaks 25,000 support, forms long bear candle. How to trade on Monday
The emergence of a long bear candle on the daily chart, coupled with a decisive break below the 25,000 support level, points towards a significant downward shift in the market. This pattern, according to Nagaraj Shetti of HDFC Securities, confirms a short-term top reversal at the 25,333 level.
Tech View: Dips towards 25k can be buying opportunities. Here’s how to trade on Thursday
According to Nagaraj Shetti of HDFC Securities, the Nifty is currently hovering around the critical support level of 25,000, which coincides with both an ascending trend line and the 10-day EMA. The daily chart displays a bullish pattern, characterized by higher highs and higher lows.
Tech View: Nifty gives no signs of reversal, support at 25,100. Here’s how to trade on Tuesday
Nifty's short-term uptrend remains strong. While facing resistance around 25,350, there are no signs of a major reversal. A decisive break above 25,400 could propel Nifty towards 25,800. Immediate support lies at 25,100, according to Nagaraj Shetti of HDFC Securities.
Dalal Street Week Ahead: Market uptrend strong; stay selective and cautious
The month ended as well; Nifty posted a monthly gain of 284.75 points (+1.14%) The markets are in a strong uptrend; however, once again it has created a situation wherein they have sharply deviated from their mean.
Tech View: Nifty needs decisive move above 25,100 for uptrend. Here’s how to trade on Thursday
The index is still trending upwards, though a minor dip or consolidation could lead to a breakout above 25,100, opening the way for a potential target of 25,360. Support is around 24,800-24,750, according to Nagaraj Shetti of HDFC Securities.
Tech View: Nifty forms neutral Doji candle on daily chart. Here’s how to trade on Wednesday
To gain momentum, the market needs to break through recent highs soon. Key support levels to watch are 24,975 and 24,850, while resistance is expected at 25,080-25,100 and then at 25,400. Traders should closely monitor these levels to make informed decisions, according to Rajesh Bhosale of Angel One.
Tech View: Nifty charts in favour of bulls, support at 24,700-24,550. Here’s how to trade on Friday
According to Chandan Taparia of Motilal Oswal, the Nifty needs to stay above 24,700 to keep pushing towards the 25,000 and 25,100 levels. If it drops, there's support at 24,700 and then again at 24,550.
Tech View: Nifty making higher highs on daily, weekly charts. Here’s how to trade on Thursday
Nagaraj Shetti of HDFC Securities believes the Nifty's short-term outlook remains positive, but with limited movement. The market is poised to test the resistance level of 24,960, established during the opening down gap on August 2nd. If successful, the Nifty could reach 25,100 within the next week. Immediate support is currently at 24,650.
Daily Trading Desk: Two short term trades, first an oil stock with possible 6% upmove and a power one with 7% gain
Oil and energy stocks are making a come back.
Tech View: Nifty bulls eyeing 25K, hurdle at 24,700. Here’s how to trade on Wednesday
According to Nagaraj Shetti of HDFC Securities, the Nifty's overall trend is still positive. If it can maintain a position above 24,700, we could see it reach 25,000-25,100 soon. The immediate support level is at 24,500.
Stock Radar: Contra buy! Should you bet on IDFC First Bank after a 30% fall from highs?
IDFC First Bank Ltd experienced a 30% decline from its recent peak, signaling bottoming out signs. Experts advised high-risk traders to buy the stock with a target of Rs 96 in 4-6 months. The stock exhibited potential reversal indicators, including a falling wedge and a bullish hammer, hinting at an upcoming uptrend.
Tech View: Nifty charts signal more consolidation ahead. Here’s how to trade on Tuesday
The short-term trend for Nifty remains positive. Currently positioned at the key resistance level around 24,700, there may be some consolidation or a minor dip over the next 1-2 sessions before it potentially breaks out further to the upside.
Daily Trading Desk: Short term trading gains of 7 % in a speciality chemical and 8 % in engineering major.
In bullish markets, select stocks from different sector getting their momentum back.
Tech View: Nifty seen heading towards 24,626 – 24,650 zone. Here’s how to trade on Monday
Nifty is approaching the crucial resistance level of 24,700, which coincides with the previous downside gap from August 5th. Experts predict this gap will likely be filled soon, opening the door for further upside potential. Keep an eye on 24,700 and 25,000 as the next key targets. Meanwhile, immediate support remains at 24,350.
Tech View: Nifty traders awaiting breakout on either side. Here’s how to trade on Friday
The market recently broke below the crucial support of the ascending trend line, and the significant gap down on August 5th remains unfilled, indicating a negative outlook. A decisive drop below 23,900 could lead to a short-term downward correction. The immediate resistance is at 24,250-24,300 levels, according to Nagaraj Shetti of HDFC Securities.
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