Hot Stocks | Railtel Corp, Hind Copper, India Cements may deliver up to 17% return
The Nifty is expected to continue its upward journey and to register fresh all-time high above 20,222 soon.
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The Nifty is expected to continue its upward journey and to register fresh all-time high above 20,222 soon.
Granules has exhibited a flag pattern breakout on the daily chart, indicating a potential increase in optimism. Moreover, the stock found support at the 21EMA before the recent rally.
Expert expects strong moves in the broader market; hence, one needs to have a stock-centric approach for better trading opportunities.
Top losers on the Nifty included Adani Enterprises, M&M, Bajaj Finance, SBI Life Insurance and UltraTech Cement, while gainers were Divis Labs, Bharti Airtel, HCL Technologies, Wipro and ONGC.
Any correction towards 19,330 on the Nifty50 will offer a good opportunity to go long as it converges with 21DMA (19,348) as well as a bullish gap support area while the nearest resistance arrives at 19,550.