Page 32 - Technical Research News Today

The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During the day, the benchmark oscillated between a high of 72,730.00 and a low of 72,099.32.

Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term.

"Overall we expect the market to trade in range with positive bias. Globally investors would watch out for US & Europe Consumer Confidence Data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

Patanjali Foods share price: Today's drop in the stock price came after the Supreme Court barred Patanjali Ayurved from publishing advertisements for its traditional ayurvedic medicines that claim to cure some diseases.

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — CG Power & Industrial Solutions Ltd, Happiest Minds Technologies Ltd, and Castrol India Ltd.

Indian stock market today: Experts recommend nine stocks to buy or sell today — Larsen and Toubro, CESC, DLF, GAIL, Zensar Tech, BSE, Indusind Bank, Railtel and Tata Motors.

Closing in the red for the second straight session, benchmark Sensex on Monday declined 352 points due to profit-taking in IT, metal and consumer durable goods shares amid weak global trends. The 30-share BSE barometer closed at 72,790.13 points, down 352.67 points or 0.48 per cent over the

Kiran Jani, Head of Technical Research at Jainam Broking, today selected ABB India Ltd as one of his top picks.

The rupee gained 3 paise to settle at 82.88 against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market.

On the daily chart, consecutive small-body candles indicate subdued trading sessions for the benchmark index. Technical analysts suggest that despite the overall bullish tone, caution is warranted due to negative divergence on key momentum indicators, especially in relation to aggressive long positions, particularly those held overnight.