Close Beyond Current Range to Set the Trend
Lower range expectations for Nifty favour selling strangles with an eye on 10,800 and 11,000 serving as stop loss points, according to technical analysts. They are positive on stocks such as ITC, UPL, Biocon, Amara Raja Batteries and Infosys, which have p
The tussle between bulls and bears continues. Nifty is trading sideways with an unusual rise in the volatility, keeping market participants baffled about the trend direction. Despite the best efforts by the bulls, Nifty ended the week at 10,795, below its 100and 200-DMA placed at 10,856 and 10,803 respectively.
What is in store : Sluggish momentum has become a point of worry, since time & again no major follow-up is seen. Price is oscillating with in a symmetrical triangle (Daily Chart). ANAND JAMES
The excruciatingly tight range so far in January series has kept Nifty traders stifled. Especially so, given the directional moves seen during the last six months. With December elections behind us, markets are looking forward to fresh cues for build-up.
The onset of the earnings season need to been seen from this perspective.
What is in store: The recent consolidation has drawn up a triangular pattern in charts, hinting at continuation of the bullish move from the October bottom. However,
TECHNICAL ANALYST, ASHIKA STOCK BROKING CHIEF MARKET STRATEGIST, GEOJIT FINANCIAL SERVICES
Where we are:
Where we are: