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As long as Nifty shows similar consolidation for the next 1-2 sessions, the odds of sharp upside bounce can't be ruled out, Nagaraj Shetti of HDFC Securities feels.
According to Nagaraj Shetti of HDFC Securities, present volatility and consolidation movement could eventually result in an upside breakout in the next few sessions.
Trade setup for Monday: Top 15 things to know before Opening Bell The near term downside targets to be watched for Nifty around 13,050 (20-week EMA) for the next few weeks, said Nagaraj Shetti of HDFC Securities. Sunil Shankar Matkar February 01, 2021 / 08:40 AM IST The market remained in bear trap for sixth consecutive session on January 29 as traders maintained cautious stance ahead of Union Budget on Monday, the big event of the year. The BSE Sensex plunged 588.59 points or 1.26 percent to 46,285.77, while the Nifty50 fell 182.90 points or 1...
Trade setup for Friday: Top 15 things to know before Opening Bell Traders may prefer to take a cautious stance near the resistance level, says Shrikant Chouhan of Kotak Securities. Sunil Shankar Matkar January 22, 2021 / 07:46 AM IST The market started off on a strong note, extending the previous two-day rally to hit a fresh record high amid positive global cues, but lost all gains in the last hour of trade due to profit booking and closed in the red on January 21. The BSE Sensex crossed the psychological 50,000 mark for the first time on Janu...
F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signal SECTIONS F&O: Nifty forms higher tops, bottoms for a second straight session in solid bullish signalBy Chandan Taparia, ETMarkets.com Last Updated: Jan 20, 2021, 05:38 PM IST Share Synopsis Now, the index has to hold above 14,500 level to extend its move towards 14,750 and then 15,000 levels, while on the downside, immediate support exists at 14,450 and 14,350 levels. Volatility could be comparatively higher ahead of the Union Budget 2021. Nifty opened positive on Wednesday, took support at previous da...