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Stock market today: The Nifty fell below 23,000 in intraday trade today, with heavyweights like RIL, SBI, Bajaj Finance, ICICI Bank, HDFC Bank, Bharti Airtel, and Maruti Suzuki all declining
Dixon Technologies stock is seen trading below the 100-DMA for the first time since May 2023, after the company reported its Q3 results. The stock had rallied a whopping 532% in the last 20 months.
According to Morgan Stanley, markets seem to be approaching the budget with skepticism and could be dealing with both volatility and upside risk post budget.
Vodafone Idea stock is expected to trade with a favourable bias in the near-term as long as the stock holds above Rs 9.50 - Rs 9.35 support zone, suggests the technical charts.
The near bullish pivot for the BSE stock stands at Rs 5,990, while the long-term bias is likely to remain positive as long as Rs 5,555 is held; shows technical chart.
Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here
Technical chart shows that as long as the BSE Sensex holds 76,300 on a closing basis, the market can hope for a relief rally; which can get stronger on break above 78,150.
The Nifty50 Index closed with an absolute doji on the weekly charts, signaling a potential end to the ongoing corrective phase
At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5
Bank Nifty Today: The short-term trend in Nifty Bank has turned positive as the index price has crossed its 5-day EMA
PVR Inox, Lodha, Glaxo, MRF and Astral are trading in oversold zone. Technical charts show these stocks can gain up to 33% from present level, or fall by another 19%; here's why.
The near-term bias for HDFC Life and LTTS is expected to remain upbeat as long as the stocks trade above Rs 643 and Rs 5,090 levels; suggests the technical charts.
Technically, a Death Cross pattern implies bearish implications; Chart shows that RVNL, TVS Motor and HFCL could slide up to 25 per cent from present levels.
Nifty 50 today: The 50-stock benchmark index has formed a small candle within the previous day's move, which indicates probable change in the short-term trend, says Rajani
Nifty FMCG: The range-bound movement of Nifty FMCG, within a defined range of 58,025 to 55,625, reflects a lack of clear directional bias for the index
Siemens stock outlook: This stock from the engineering and capital goods industry could slide by another 18% if the key supports at Rs 5,600 and Rs 5,400 are violated shows technical chart.
The overall market trend has been negative with over 60% of the Nifty Mid- and Small-Cap stocks now trading below the long-term moving averages; however, these 5 stocks continue to buck the trend.
In previous trading session, the Sensex plunged 1,048.90 points, or 1.36 per cent, to close at 76,330.01. Similarly, the Nifty50 dropped 345.55 points, or 1.47 per cent, ending the day at 23,085.95
The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.
Stocks to Buy Today India: Tech M share price witnessed a long-term breakout in October near the 1,650-level, followed by a sharp rally above 1,800