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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.
The Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week