ADX indicator has crossed the DI line on the upside, which indicates high momentum phase for the Nifty
Tata Motors has formed a fresh shorting pivot and is likely to resume the corrective phase.
IndusInd Bank stock has managed to move past the 50EMA level of Rs 1,000 and improve the bias
Hindustan Petroleum has seen a strong closing in the last trading session and is currently hovering between its short and medium exponential moving averages on the daily chart
Parekh suggests buying and accumulating M&M stock for an upside target of Rs 820-850, keeping the stop loss of Rs 710
IEX is in a secular uptrend and is highly poised to test the uncharted territory
IOC closed on a strong note in the last session and is currently hovering between its short and medium exponential moving averages on the daily chart
Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise
After a decent correction from the peak level, Wockhardt stock has bottomed out near Rs 520 zone
Bector Food has seen a secular rally from its 52-weeks low of Rs 328 odd zones and since then there has been no major correction in the counter
Berger Paints after the recent up move has been consolidating in a narrow range around its record high
Cadila Healthcare's stock has taken base near Rs 600 levels on two occasions recently, forming a good support zone
HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter
The recent correction in the markets dragged Bajaj Finance's from the high of Rs 5,800 towards Rs 4,400-mark
The sustained level below 14,190 could drag Nifty towards 13,600-odd levels
Longs should be protected with the stoploss of 14,275 in Nifty
The stock price has broken out on the daily line chart where it closed at highest level since March 12 with higher volumes
Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Short build-up was seen in the Maruti Futures' where we have seen 69 per cent (prov) rise in the Open Interest with price falling by 4 per cent
Support for the Nifty is seen at 14,500 and with that as a stop loss, traders should remain bullish