nifty view

Nifty climbed for the sixth consecutive session on Tuesday and closed at 17,825. The positional pattern on Nifty is bullish because it has maintained greater high and better backside formation on the day by day chart.

The subsequent resistance for Nifty is seen at 18,114, which lies on the earlier swing high on the weekly chart.

Lengthy ought to be held on closing foundation with a trailing cease lack of 17,600.


Exide Industries

Purchase Vary: Rs 164.25 – Rs 159

Goal: Rs 178, Rs 190

Cease-loss: 156. Rupees

The inventory has damaged out of a downward sloping channel on the weekly line chart. The breakout is accompanied by rising volumes.

Indicators and oscillators on the weekly chart are bullish. The inventory is making up and down actions on the day by day chart.


Tata Motors DVR

Purchase Vary: Rs 240.65 – Rs 234

Goal: Rs 254, Rs 263

Cease-loss: Rs 230

The inventory has crossed the essential double high resistance positioned at odd ranges of Rs.236. The inventory has additionally damaged out of the final 5 weeks of worth consolidation together with a surge in volumes.

The inventory has been positioned above the all vital shifting averages, indicating a bullish pattern throughout all time frames. The auto sector has been performing properly and is predicted to proceed for the subsequent few weeks.

(Vinay Rajani, Senior Technical and Derivatives Analysis Analyst at HDFC Securities. Views expressed are private).

Expensive reader,

Enterprise Commonplace has at all times labored onerous to offer up to date info and commentary on occasions which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on tips on how to enhance our providing has additional strengthened our resolve and dedication to those beliefs. Even throughout these troublesome instances arising out of COVID-19, we’re dedicated to retaining you knowledgeable and up to date with related information, authoritative views and sharp feedback on related related points.
Nonetheless, we have now a request.

As we grapple with the financial impression of the pandemic, we want your help much more in order that we will proceed to offer you extra high quality content material. Our subscription mannequin has acquired an encouraging response from a lot of you who’ve subscribed to our on-line content material. Subscribing to extra of our on-line content material can solely assist us obtain our objectives of offering you with higher and extra related content material. We consider in impartial, unbiased and credible journalism. Your help by way of extra subscriptions will help us apply the journalism we’re dedicated to.

help high quality journalism and Subscribe to Enterprise Commonplace,

digital editor

Supply hyperlink