Technical Calls

As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction

Havells has corrected 25 per cent in the past month, dropping 516 points from its peak of Rs 2,106

As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.

Hero MotoCorp stock so far on 5 occasions has successfully managed to hold the 100-DMA support, since the breakout in May 2023. Will it be sixth-time lucky too? Check upside, downside potential here.

Apollo Tyres has retested its breakout level on the daily chart with higher than average buying volumes indicating bullish sentiment

The Nifty Private Banks Index is currently positioned to attract profit booking on any rise, making a sell-on-rise strategy the most suitable approach for traders

State-owned Oil and Natural Gas Corporation (ONGC) is seeking help from an internationally-proven technical service provider to raise oil and gas production from its flagship but old and maturing Mumbai field in the Arabian Sea. The firm has floated an international tender to identify the service provider who will help raise production from the field, ONGC said in a post on X. "The giant multi-layered Mumbai High field, which commenced production 48 years ago in 1976, is currently in its mature stage of production and ONGC has implemented a number of schemes in this field to improve production," it said. "As a custodian and operator of Mumbai High field, ONGC is keen to collaborate with a global technical service provider. The service provider would be contracted for 10 years, extendable by another five years." Mumbai High field lies 160 kilometres off the coast of Mumbai and produces about 38 per cent of India's oil production. While it hit a peak output of 40,000 barrels per day

If Nifty Bank breaches 46,536, the immediate next support levels are expected to be around 46,225 and 45,675

Nifty closed on a weak wicket as its closed below its 5, 11 and 20 DMA. In the derivatives, we have seen aggressive Call writing at 22,200-22,300 levels

If Nifty closes above 22,225, the next resistance levels on the charts would likely be around 22,350 and 22,575

The Nifty Metal index is now positioned very close to its resistance levels, which are located at 8,110 and 8,250

Nifty Auto: There is a preference for finding opportunities to go short below 20,300, considering the bearish trend observed in the near term on the charts

If the index falls below the lower boundary of 23025, the next support levels on charts are expected at 22650 and 22250

Nifty Financial Services index is currently in a downtrend and traders are advised to sell on rallies, says Ravi Nathani

For Nifty, traders are advised to be cautious and consider selling on rallies or on a close below 21800, taking into account the indications from various technical indicators

Technical indicators such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both displaying a downtrend on charts for Nifty Pharma

Given the prevailing market conditions in Nifty IT, the recommended trading strategy is to sell on rallies, with a stop-loss set at 37,100

Nifty PSU Bank is currently experiencing a near-term downtrend, as indicated by technical indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence)

There has been a breakout in Karnataka Bank from downward sloping trend line on the daily chart. Price breakout is accompanied by rising volumes, as per Vijay Rajani

To confirm a positive breakout, investors should wait for the Nifty Financial Services index to break above 20,960 on a closing basis, says Ravi Nathani