Technical Picks News Today

The budget day always holds its relevance in forecasting the economic outlook of the nation, which is simultaneously being reflected through the equity markets, says brokerage house Angel One. It has come out with 4 technical picks for tomorrows budget. Lets take a look.

Nifty hit a new level and lost some ground at open. The index closed at a fresh peak.

The Indian benchmark indices rose in trade today with the Nifty50 reclaiming the 20,000 mark and the BSE market cap climbing to the $4 trillion mark. Domestic brokerage house Religare Broking has come out with 3 technical picks.

Experts recommend buying technically and fundamentally sound stocks in the current volatile market.

The market outlook for the near term is uncertain and experts recommend buying technically and fundamentally sound stocks at the current juncture.

The Nifty opened the week on a weak note. The weakness intensified in the last hour of the session to close with a net loss.

Experts recommend a stock-specific approach and suggest buying nine attractive stocks.

On the daily chart, DLF has successfully broken out above a 'consolidation zone' ranging from Rs 543- 514. The weekly strength indicator RSI given a crossover above its reference line generated a buy signal.

Domestic equity benchmarks the Sensex and the Nifty are up over 3 per cent in September so far, but analysts warn that the rally may not be sustained due to unsupportive fundamentals.

In today’s edition of Moneycontrol Pro Panorama: Market reaction to July inflation data, the war over submarine cables, Indian companies not interested in US Steel sale, time is ripe for India to grow stronger, and more