Inverted Head News Today

The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.

The upward move towards a record high is expected to be seen in the coming sessions.

HDFC AMC recorded more than 3 percent gains to Rs 3,894.65, which is near the record closing high of Rs 3,903.85 of February 27 this year. The stock has formed bullish candlestick pattern on the daily charts with significantly higher volumes.

PFC was among the top gainers on the Nifty PSE index, gaining around seven percent. In the last one year, the stock has delivered multibagger returns of 237 percent, outperforming benchmark Nifty 50

Varroc Engineering stocks breakout from inverse Head & Shoulder pattern led to a significant wealth increase for investors. Short-term traders eye Rs 600 target as experts anticipate a bullish trend towards Rs 595-613 in the coming weeks.

Axis Securities recommends accumulating Varroc Engineering in the Rs 540-530 range, with a target price of Rs 595, offering an upside potential of 11-15 percent.

In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.

In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.

From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank and Wipro opened with gains, while Maruti Suzuki, HCL Tech, Titan, Tech Mahindra, and Asian Paints opened with cuts.

Biggest gainers on the Nifty were RIL, Maruti Suzuki, Bajaj Auto, Bajaj Finance and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Apollo Hospitals, Dr Reddys Labs and Wipro