Higher Bottom News Today

Axis Bank shares were trading at Rs 1078.05 today. Market cap of Axis Bank fell to Rs 3.32 lakh crore.

The benchmark Nifty is likely to march towards 19,300-19,500 levels in coming days, as long as it holds the 19,000 mark, which is an immediate support, then 18,800 levels, experts said

The momentum indicator RSI is rising and sustained above 60 level on all the time frame indicating strong positive momentum of the stock.

Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.

What should investors do? Nifty is expected to consolidate until it breaches 15,660 or 15,915 on either side. Traders can look to buy ATM (at the money) call options near support levels for Nifty targets of 15,850/15,915. Positional traders can initiate a short strangle in July monthly expiry with 15,500 Puts and 16,000 Calls, combined premium of which is around Rs 175. One can maintain a stop loss of 16,200 and 15,300 for the strangle. The sectors which are exhibiting strength are PSUs, pharma...

Market gives big Thumbs up to the Union Budget: Angel Broking Posted On: Market Wrap-up by Mr. Ruchit Jain (Senior Analyst - Technical and Derivatives, Angel Broking): "Post the last weeks collapse, our markets started the day on a positive note with optimistic expectations from the Union Budget. The indices traded with a positive bias as the Finance Minster announced the budget and then, we had a one way upmove post the budget speech to conclude the day tad below 14300, with whopping gains of ...

SELL NAUKRI | TARGET: Rs 4,250 | STOP LOSS: Rs 4,600 The stock has formed a bearish engulfing candlestick pattern on the daily chart which is considered as a bearish reversal pattern. The momentum indicator RSI has also reversed from its overbought territory and MACD has provided fresh sell crossover which hints of further weakness in the counter. The stock also witnessed built up of a short position on the derivative front. Based on the above rationale we can expect a fresh weakness in the co...