The rising death toll, slow roll-out of vaccination, and Covid-19 spreading to rural areas may keep the upside in contained in the markets, believe analysts
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
Losses caused by technical glitches can get magnified due to leverage, hence retail investors who do day trading need to be cautious
Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed
The middle EMA acts as support/resistance level in Keltner Channel
A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise
The chart looks attractive for further upside movement in SPARC with the RSI indicator also showing a trend reversal
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
During Samvat 2077, investors need to look at asset class diversification, sector diversification, spreading investments over time by way of SIP or staggered investments
Failure to exit a trade may create disparity on the breakout strategy.
The NIFTY index completed its 61.8 per cent Fibonacci retracement of the entire recent fall from the top, which is coming around 10,552 levels.
Stock calls and Outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
If the Nifty Bank index stays below 2,600 level for another week, then a major breakdown may lead to a long term bearishness, tech charts suggest.
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd