Technical Analysis

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Index Outlook | Sensex and Nifty 50 paused at crucial levels

Sensex, Nifty 50 make a strong bounce-back, but test resistances

Bandu’s Blockbusters

On April 1, four years back, piqued by the incessant jokes in the village at his expense, Bandu Barve decided he’d had enough. It was time for him to ...

Go short on copper below ₹660

From December last year until the end of January 2021, copper futures traded within a price band — the price did not trend and remained sluggish. The ...

Thirumalai Chemicals (₹107.6): Buy

Investors with a short-term horizon can buy the stock of Thirumalai Chemicals at current levels. The stock surged 6.3 per cent accompanied by ...

Day Trading Guide for March 4, 2021

₹1586 • HDFC Bank S1S2R1R2COMMENT 1570155816001616 Initiate fresh long positions with a stiff stop-loss on a strong rally above ₹1,600 levels ₹1343 ...

Edelweiss Financial Services (₹76.3): Buy

Investors with a short-term perspective can buy the stock of Edelweiss Financial Services at current levels. In early November 2020, the stock took ...

Bulls gaining ground in MCX-aluminium

From December 2020 to mid-February, the price of aluminium futures largely moved in a rectangular pattern. That is, the March futures contract of the ...

Titagarh Wagons (₹54.5): Buy

The stock of Titagarh Wagons has gained 6.9 per cent accompanied by good volume on Tuesday, surpassing a key resistance at ₹53.5. This rally has ...

MCX-Natural gas: Correction pauses above ₹200

Looking at the past one-year trend of the futures of natural gas, the major direction is clearly up although it witnessed a corrective decline in ...

Nifty call: Go short with fixed stop-loss if contract declines below 14,800 levels

Nifty 50 March Futures (14,840) The Sensex and the Nifty 50 commenced the session with a gap-up open despite weak Asian markets. The Nikkei 225 has ...

Daily rupee call: Dollar rally could weigh on rupee

The rupee (INR), even though it opened with a significant gap-down yesterday, reduced losses by ending the session at 73.55 against the dollar (USD) ...

Bharat Electronics (₹146): Buy

Bharat Electronics Limited’s stock has made a fresh breakout on Monday and hit a fresh 52-week high of ₹147 before closing near the high point of the ...

NCDEX-chana: Bulls gaining momentum

The futures price of chana on the National Commodity and Derivatives Exchange (NCDEX), after registering a high of ₹5,607 in early October last year, ...

Nifty call: Go long if contract breaks out of 14,775

Caution advised as breach of the support at 14,700 can result in a strong downtrend

Daily Rupee call: Momentum favouring the rupee

The rupee (INR), which was making gradual progress for most part of last week, faced a wave of selling pressure on Friday, resulting in a sharp fall against the dollar (USD).

Stocks that will see action this week

BPCL (₹449.8)Performs fresh breakout Supported by rising crude oil price, the stock of Bharat Petroleum Corporation Limited (BPCL) has been moving up ...

Graphite India tests a key barrier

I am holding shares in Graphite India and HEG. Please advise their short-, medium- and long-term prospects.Bhaskar ParabGraphite India (₹481.3): The ...

Global 360 Will dollar continue its recovery?

The treasury yields continue to look bullish and can continue to sustain higher

INDEX OUTLOOK Why key indices are set to fall further

Sensex, Nifty 50 have witnessed sharp decline

Nifty call: Sell on rallies with stop-loss at 14,700

Nifty 50 March futures (14,635)Markets globally are painted red today. After the US market closed with significant losses, the Asian markets have been ...

Daily rupee call: Rupee slips below 73; might end the day with a loss

Faced with stiff resistance at 72.30, the rupee (INR) depreciated against the dollar (USD) in the last session and ended the day lower by 10 paise.

Tata Coffee (₹118.5): Buy

Investors with a short-term horizon can buy the stock of Tata Coffee at current levels. The stock advanced 5.6 per cent accompanied by extraordinary ...

MCX-aluminium rally will continue

The price of futures contract of aluminium on the Multi Commodity Exchange (MCX) has been moving sideways largely between ₹160 and ₹170 since ...

Nifty call: Buy on dips with fixed stop-loss at 15,070 levels

Nifty 50 February futures (15,112) Tracking the positive global markets, the Sensex and Nifty 50 commenced the session with a gap-up open and ...

Daily rupee call: 72.30 continues to block INR bulls

The rupee (INR) retained its positive bias on Wednesday after a gap-up open, where it ended the day with a gain of 0.2 per cent versus the dollar ...

Cottonseed Oilcake: Sellers creeping in

The futures contract of cottonseed oilcake (COCUDAKL) on the National Commodity and Derivatives Exchange (NCDEX), that had a good run in the last 12 ...

Aditya Birla Fashion and Retail (₹179.2): Buy

Investors with a short-term perspective can buy the stock of Aditya Birla Fashion and Retail Ltd (ABFRL) at current levels. The stock gained 6.5 per ...

Daily rupee call: Bulls facing obstruction at 72.30

Although the rupee (INR) gained in the first half of the last session, it gave up all its gains in the latter half and ended the day flat against the ...

Dhampur Sugar Mills (₹178.5): Buy

The stock of Dhampur Sugar Mills surged 7 per cent accompanied by extraordinary volume breaking out of a flag pattern upper trend-line at ₹170. This ...

Crude oil facing a crucial resistance band

The rally in futures of crude oil, that began in November last year, does not seem to have lost strength as the momentum continues to be strong. Even ...

Nifty call: Wait for a break of the range between 14,700 and 14,770

Nifty 50 February futures (14,740)Following the bullish cues from the Asian market, the Indian benchmark indices opened the day on the front foot.

Technical Analysis Daily rupee call: INR could trade with bullish bias

After posting a gain of one-fifth of a per cent on Monday, the rupee (INR) has opened with a gap-up on Tuesday today against the dollar (USD). That ...