Stay updated with breaking news from Stock Tips. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.
Maruti Suzuki India ended at new closing high and formed bullish candlestick pattern on the daily timeframe with above average volumes. The stock remained above all key moving averages since last week.
Hindustan Aeronautics extended uptrend for third consecutive session with above average volumes, after forming a bottom around Rs 2,914 last week. The stock has formed long bullish candlestick pattern on the daily timeframe.
Apollo Hospitals Enterprise has seen a strong consolidation breakout and formed long bullish candlestick pattern on the daily charts with above average volumes. The stock traded above all key moving averages.
The Nifty is likely to consolidate in the range 22,300 – 21,700 in the absence of any near term triggers ahead of the quarterly results announcement which starts during April, says Jatin Gedia.