NEW DELHI: There could be some consolidation going ahead, but the trend is likely to remain strong till the time 11,600 is not breached by the Nifty, according to technical analysts. Stocks like Tata MotorsNSE 1.14 %, MajescoNSE 1.12 %, Canara BankNSE -0.23 %, HDFC LifeNSE 1.83 %, SBI, Bajaj FinservNSE 0.46 % and Info Edge are likely to move up as per the charts.
Where are We? The expiry week remained marginally in favour of bulls since the benchmark indices ended the ..
What is in Store? At this juncture, the Nifty has formed an intermediate swing high of 11,911. Also, the daily chart of Bank Nifty depicts a ‘Shooting Star’ candlestick pattern which is a reversal one and that too exactly at 78.6 per cent Fibonacci retracement level of the previous move. Thus, there could be some consolidation or profit booking going ahead. But the trend is likely to remain strong till the time 11,600 is not breached by the Nifty. On the downside, the index has ..
Nifty likely to trade in 11,600-11,900 till Budget
Where are We? The expiry week remained marginally in favour of bulls since the benchmark indices ended the ..
What is in Store? At this juncture, the Nifty has formed an intermediate swing high of 11,911. Also, the daily chart of Bank Nifty depicts a ‘Shooting Star’ candlestick pattern which is a reversal one and that too exactly at 78.6 per cent Fibonacci retracement level of the previous move. Thus, there could be some consolidation or profit booking going ahead. But the trend is likely to remain strong till the time 11,600 is not breached by the Nifty. On the downside, the index has ..
Nifty likely to trade in 11,600-11,900 till Budget
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