- 26 Aug 1608:30 AMNifty continues its oscillation within the strangled trading range of 8720-8530 & a decisive breach outside the said range could unfold the directional bias. Until then expect volatility to have an upper hand as the range gets contracted.08:25 AMBUY GAIL: The stock is moving after taking multiple supports and surpassed the immediate falling supply trend line. It gave the highest daily close of last seven trading sessions and witnessed a pause in the recent down fall.06:00 AMKeep a stop at Rs 605 and go short.
- 25 Aug 1608:23 AMBUY CUMMINS INDIA: The stock is rising higher from last thirteen weeks and has turned from the lower levels. It is moving after the consolidation of last eleven trading sessions. It looks attractive in terms of risk reward ratio.06:00 AMStop-long positions at 19,275. Stop-short positions at 19,430. Big moves could go till 19,650, 19,050. The price pattern appears flat with no clear trend.
- 24 Aug 1610:38 PMHerald Van Der Linde, head equity strategy — Asia-Pacific, HSBCGlobal equity markets have had a good run in the last few months despite events like Brexit and an uptick in commodity prices.08:50 AMBUY BANK OF BARODA: The stock has been making higher lows from last six trading sessions and holding the strength even after a range bound market move.06:00 AMStop-long positions at 8,590, Stop-short positions at 8,720. Big moves could go till 8,770, 8,630. A long 8,700c (20), long 8,600p (20) would work if the index moves outside 8,740, 8,560 within the next two sessions.
- 23 Aug 1608:50 AMNifty remains strangled within the tight trading range of 8720-8530 & a decisive breach outside the said range could unfold the directional bias. Until then expect volatility to have an upper hand as the range gets contracted.08:36 AMHere are a few trading strategies by Chandan Taparia of Anand Rathi for trade today.06:00 AMStop-loss short positions at 19,400. Stop-loss long positions at 19,200. Big moves could go till 19,600, 19,000. Downtrend seems a little more likely.
- 22 Aug 1608:46 AMMarket further consolidated in narrow range for 5th consecutive week. It’s consolidating in narrow range of 8500-8700 levels on nifty. One can expect to break it soon & eventually expect strong directional trend with momentum in the market.08:39 AMBUY VOLTAS: The stock gave a price volume breakout and headed towards Rs 385 levels and registered new lifetime high. It has been making higher top – higher bottom formation from last seven weeks.12:05 AMGlobal markets have been keenly analysing the economic data from the US Federal Reserve for rate hike indications.
- 19 Aug 1608:57 AMNifty displayed a strong resilience during the week as it maintained its tail above 8600. The index is likely to breach from the ongoing contracting range in the coming sessions.08:23 AMBUY BHARTI AIRTEL: The stock has taken support at its 200 DMA around the recent trading range and surpassed the immediate hurdle of Rs 350 levels.
- 18 Aug 1608:24 AMBUY M&M FINANCIAL: The stock has taken support around Rs 325 zones and is moving after taking support around its 50 DMA. It is showing the potential to surpass its immediate hurdle of Rs 345-346 levels and head towards higher levels.06:00 AMStop-loss long positions at 18,950. Stop-short positions at 19,170. Big moves could go till 19,350, 18,700. The trend seems mildly bearish.
- 17 Aug 1608:35 AMBUY ICICIBANK: The stock crossed and closed above its 50 DMA and surpassed its hurdle of Rs 248.50 zones. It has been witnessing buying from last three trading sessions after taking support at its 200 DMA.
- 16 Aug 1608:27 AMBUY VOLTAS: The stock gave a price volume breakout from the consolidation of last seven trading sessions.