“And what we have to do is then just simply watch that support level and if the support is overall holding out, the trend higher should continue to remain intact …
“Currently Nifty is trading at 24,290, my stop loss for this would be 24,700 and I am expecting downside levels of 23,500 to 23,000,” says Aditya Arora, Adlytick. Second straight …
“So, all this put together, along with the few pointers which you just mentioned, which Ansh just mentioned that the open interest has come down by 2% in Nifty futures,” …
“So, we have actually created a list of stocks which can be bought in this week where we feel that risk reward are highly favourable and the bounce back could …
“So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to …
“We must watch out if this level holds out, then we can see a short-term bounce in the market, but more worrying is the weakness in smallcap and midcap space,” …
“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good …
“There are no signs of bearishness, no signs of divergences. So, nothing on the charts as of now. So, let us make the best till it lasts,” says Vishal Malkan, …
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. …
“So, we will wait for a breakout or breakdown for market to decide in which direction it could trend for more 1% to 3%, but right now if we have …