Page 4 - Lead Research News Today

The momentum can take the Nifty50 towards 18,500-18,700 in coming sessions, if it sustains 18,200 mark which can be near term support, followed by 18,000 being crucial support, experts said

The 18,200-18,250 range could be crucial on the higher side which can take the index above 18,500-18,600 levels, but falling below 18,000 levels can drag the index up to 17,800, while 17,500 would be a critical hurdle going ahead, experts feel

The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants

Day trading stocks: Market experts have recommended six buy or sell stocks for today — UPL, JSW Steel, Reliance, HCL Technologies, M&M and Tata Consumer Products

Day trading stocks: Market experts have recommended six buy or sell stocks for today — Grasim Industries, IndiGo, BPCL, Power Grid, TCS and Maruti Suzuki

Day trading stocks: Market experts have recommended 8 buy or sell stocks for today — LIC Housing Finance, SBI, Wipro, ICICI Bank, JSW Steel, Grasim Industries, BHEL, Federal Bank

Day trading stocks for today: Market experts have recommended six buy or sell stocks for today — Britannia, Pidilite, Wipro, Reliance, TCS and HDFC

The 17,600 level is expected to be crucial for further direction of the Nifty50 going forward and, if the index manages to hold the 17,500-17,600 area, then 18,000 can be a possibility in coming sessions, experts said

With the continuous nine-day winning streak, the support level continues to shift higher as we now see immediate support in the zone of 17,700 - 17,600; whereas 200-SMA around 17,500 is likely to act as a sacrosanct level

A falling wedge formation and an Inverse Head and Shoulder pattern have both broken out on DLF. We are able to clearly observe a Bullish Marubozu candlestick pattern on the weekly time period