Page 46 - Stock Tips News Today

NSE Smallcap Index is in full momentum and we expect it to register new all-time high above 12,047 and go beyond in the near term.

One should get worried till the Nifty holds these levels in coming sessions, experts said.

Till the Nifty50 firmly withholds the pivotal support of 19,500, there is no sign of caution in the market

We have seen breakout of consolidation range in Poly Medicure, which has formed long bullish candlestick pattern on the daily scale with above average volumes. The stock ended at fresh record closing high of Rs 1,222, rising 6.7 percent.

Jyothy Labs has seen robust trading volumes in two consecutive sessions, and traded way above key moving averages (20, 50 and 200-day EMA - exponential moving average).

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Triveni Engineering & Industries has seen a strong gap up opening and formed bullish candlestick pattern with long upper shadow on the daily charts. It has seen smart breakout of consolidation range since December 2022, and closed more than 4 percent higher at Rs 317.

Arun Chulani believes this is India’s decade from a structural basis, and any near-term volatility caused by liquidity flows can in fact create opportunities for FIIs to continue entering the market.

Nifty is still holding above 20, 50 and 100 day EMAs, which indicates the bullish trend on all time frames.

Zomato has taken a support at 20-day EMA (Rs 77.15) and climbed 3.5 percent to Rs 80.3. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes.