Latest news with #Doji
&w=3840&q=100)
Business Standard
17 hours ago
- Business
- Business Standard
Nifty, Bank Nifty key levels as indices falter; 3 breakout stocks to watch
Nifty index opened positively but witnessed some pressure and failed to hold its opening high and could not cross the 25,600 mark. Minor profit booking was seen till midday until it took support at the 25,500 levels and witnessed consolidation for the rest of the session. Buyers attempted to stabilise prices near support levels but struggled to overcome the early selling pressure zone. Despite the tug of war within a band of less than 100 points, it managed to close near 25,550 levels in minor gains. It formed a Doji sort of a candle and an inside bar on the daily frame, and now if it manages to hold above 25500, an up move could be seen toward the 25,650 and 25,750 zones, while supports can be seen at 25,400, then the 25,250 zones. On the option front, Maximum Call OI is at 25,600 then 26,000 strike, while Maximum Put OI is at 25,500 then 25,000 strike. Call writing is seen at 25550 then 25600 strike, while Put writing is seen at 25,500 then 25,400 strike. Option data suggests a broader trading range between 25,000 to 26,000 zones, while an immediate range is between 25,300 to 25,700 levels. Bank Nifty index opened on a positive note but failed to sustain at higher zones as it tested the 57,150 zone in the opening hour. However, it witnessed a steady up-move from the lows, which lifted the index towards the 57,500 zone. It formed a small-bodied candle with a longer lower shadow, which indicates that support base buying is visible. However, it negated the higher-highs formation of the last three sessions. Now it has to hold above 57250 zones for an up move towards 57,615, then new life high territory towards 58000 levels, while on the downside, support is seen at 57,000, then 56,750 zones. Buy PNB | CMP: ₹113 | SL: ₹110 | Target ₹118 PNB Stock has broken out of a consolidation zone with a large-bodied bullish candle and higher-than-average traded volumes. The MACD indicator is giving a bullish crossover, which confirms the upward momentum. Buy Bharat Dynamics | CMP: ₹1,980 | SL: ₹1,895 | Target: ₹2,155 Bharat Dynamics Share Price has retested its breakout zone on the daily chart and headed up. It is respecting its 20 DEMA support zones with sight dips being brought into. The ADX line is rising, which confirms the strength of the uptrend. Buy Titan | CMP: ₹3,700 | SL: ₹3,645 | Target: ₹3,825
Hans India
a day ago
- Business
- Hans India
Trade Setup for July 2: Doji candlestick pattern on the daily chart a sign of indecision.
After gaining nearly 700 points in the previous week, the Nifty entered consolidation mode, trading in a narrower range on Tuesday. Despite failing to breach Monday's high, the index managed to stay above the critical 25,500 mark for two straight sessions—a positive sign for bulls seeking stability. Tuesday's 90-point intraday range ended with the index posting modest gains. Unlike Monday's "higher-high" that ended lower, Tuesday formed a "lower-high" but still closed in the green, indicating underlying strength. Leading Tuesday's gain was Reliance Industries, now up in four of the last five sessions. It is only 5% away from its record high, following Nuvama's bullish target of ₹1,801. The Nifty Bank index also staged a strong recovery, closing 150 points higher, with PSU banks continuing their strong run—adding nearly ₹80,000 crore in market cap over six days. Market sentiment is now closely tied to two triggers: the much-anticipated India-US trade agreement, said to be in the final stages, and Q1 earnings updates, particularly from top banks and FMCG companies that can indicate the strength of domestic consumption. On the technical front, experts pointed to a Doji candlestick pattern on the daily chart—a sign of indecision. This could imply a turning point or ongoing consolidation. Immediate support levels are seen at 25,400–25,300, near the 78.6% Fibonacci retracement, while a dip below 25,350 may push the index toward 25,200. On the upside, the resistance zone lies between 25,670–25,740, with interim hurdles at 25,600–25,630. Stocks to Watch for July 2 Trading: Asian Paints: CCI orders probe into alleged abuse of dominant position after a complaint by Grasim. DGCCI to complete probe in 90 days. Hyundai Motor India: June sales at 60,924 units; SUVs form 67.6% of domestic sales. Maruti Suzuki: Sales at 1.68 lakh units, down 6.3% YoY; exports up 21.9%. Lupin: Gets USFDA approval for Loteprednol Etabonate Ophthalmic Gel for post-surgery inflammation. JSW Energy: Signs battery storage deal with Rajasthan Vidyut Utpadan Nigam for 250 MW / 500 MWh project. With geopolitical momentum and earnings season picking up, investors should brace for increased volatility and key breakouts.
Mint
20-06-2025
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Swiggy, Wipro, Bharti Airtel shares today
Stock market today: India's stock indices opened slightly higher on Friday, driven by financial sector gains after the central bank relaxed project financing regulations, though rising tensions between Israel and Iran limited further increases. As of 9:23 IST, the Nifty 50 had increased by 0.17% to reach 24,836.15, while the BSE Sensex climbed by 0.22% to 81,540.81. Global market sentiment remained weak following reports of Israeli strikes on Iranian nuclear facilities, which led to retaliatory missile and drone attacks by Iran. The White House announced that President Donald Trump would make a decision within two weeks regarding US military support for Israel. Rajesh Palviya of Axis Securities recommends Swiggy Ltd, Wipro Ltd, and Bharti Airtel Ltd. Here's what Palviya says about the overall market. In the previous session, Nifty 50 closed at 24,793, experiencing a modest dip of 19 points. The daily chart painted a picture of uncertainty, showing a Doji candlestick that signifies a standoff among market participants, where bullish and bearish forces struggle for dominance. Accompanying this was a small negative candle, adorned with subtle upper and lower shadows, further hinting at a period of turbulent, sideways movement. After a sequence of climbing peaks in recent weeks, Nifty 50 now appears to have formed a new lower peak at 24,982, signaling a potential weakening as it transitions from higher highs to lower highs. Presently, Nifty 50 is hovering near an immediate support level of 24,700. Should it slip below this crucial support, it could tumble toward the next support level at 24,500-24,400 in the near term. Conversely, if it manages to break through and hold above the resistance level of 25,000, it could ignite a wave of renewed buying enthusiasm, breathing fresh life into the market atmosphere. On the daily and weekly charts, Swiggy share price has experienced a trend reversal, forming a series of higher tops and bottom formations. The stock is well placed above its 20, 50 and 100-day SMAs, which reconfirms a bullish trend. The past couple of months' rising volumes signify increased participation. The daily and weekly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 405-435, and its downside support zone is the ₹ 360-345 levels. On the daily and weekly charts, the stock has experienced a trend reversal, forming a series of higher tops and bottom formations. The 20 and 50-day SMA positive crossover signifies bullish sentiments and a positive trend. The past couple of weeks have seen rising volumes indicating increased participation. The daily and weekly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 276-290, and its downside support zone is the ₹ 257-255 levels. Bharti Airtel share price is in a strong uptrend across all time frames; however, for the past couple of months, the stock has been consolidating within 1900-1800 levels, representing sideways movement. And hence any either side breakout may indicate further direction. As the stock is well placed above its 20, 50, 100 and 200-day SMAs and these averages are also inching up along with prices, which signals a higher probability for a range upward breakout. The daily, weekly and monthly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 1,950-2,000, and its downside support zone is the 1,840-1,800 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Gazette
19-06-2025
- Business
- India Gazette
Markets end flat amid Middle East tensions, Fed caution weighs on investors' sentiment
Mumbai (Maharashtra) [India], June 19 (ANI): India's equity benchmarks remained muted on Thursday and ended with a marginal loss, possibly due to the ongoing geopolitical conflict in the Middle East and cautious signals from the US Federal Reserve, dampening investors' sentiment. At the end of the trading session on Thursday, BSE Sensex settled at 81,361.87, slipping 82.79 points or 0.10 per cent, while Nifty 50 at National Stock Exchange (NSE) was down 18.80 points or 0.08 per cent at 24,793.25 Within the Nifty constituents, Tata Consumer, Eicher Motors, and Mahindra & Mahindra emerged as the top performers, offering some pockets of strength. In contrast, Adani Ports and Bajaj Finance weighed on the index, ending as top laggards. From a sectoral perspective, Nifty Auto stood out as the sole gainer, while all other sectoral indices closed in the red. Nifty PSU Bank and Nifty Media were the top losers. The market breadth remained extremely weak, as evident from the advance-decline ratio skewed heavily in favour of decliners. Out of the Nifty 500 universe, only 61 stocks managed to end in green, while a staggering 438 stocks closed lower, signalling deep-rooted selling pressure across the board. Observing the market sentiment, Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities said, 'With major indices failing to show leadership and broader markets losing key supports, the overall structure remains fragile, and a decisive trigger is needed to break the prevailing range-bound phase.' 'The Indian market is currently in a state of indecision due to various macroeconomic factors. This uncertainty is also reflected in recent price movements, as Nifty formed a Doji high wave pattern on the daily timeframe,' said VLA Ambala, Co-Founder of Stock Market Today. She added, 'The Fed's decision not to change interest rates represents a contrasting approach compared to the RBI and the government, who are confident about India's trade deals and the performance of the INR. However, market momentum and macroeconomic factors suggest that we remain vigilant. Any increase in inflationary pressure or signs of recession could cast a shadow over our markets.' The banking benchmark index, Bank Nifty, slipped into negative territory on Thursday, mirroring the broader market's lacklustre tone. However, for the third straight session, the banking benchmark has remained confined within a narrow trading range of 56067 to 55511, highlighting a phase of low volatility and indecision. Amid the uncertain conditions, broader market volatility remains moderate. India VIX is currently at 14.26, reflecting volatile investor sentiment. However, analysis suggests that an increase in volatility in the upcoming sessions is expected. (ANI)
Economic Times
19-06-2025
- Business
- Economic Times
Stocks to buy today: BPCL, Maruti among 8 trading ideas for 19 June 2025
The Indian market is likely to trade lower on Thursday tracking muted global cues. ADVERTISEMENT The Nifty future closed negatively with losses of 0.22% at 24,813 levels on Wednesday. India VIX fell nearly 1% to close at 14.28 in the previous session. On the options front, the maximum Call OI is placed at 24,900 and then towards 250,00 strikes while the maximum Put OI is placed at 24,500 and then towards 24,800 strikes. Call writing is seen at 24,800 and then towards 25,000 strikes while Put writing is seen at 24,750 and then towards 24,800 strikes. 'Options data suggests a broader trading range in between 24,300 to 25,300 zones while an immediate range between 24,600 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 'Nifty formed a Doji sort of candle on the daily frame on Wednesday and has got stuck in a range from the last three sessions. Support-based buying is intact but pressure at higher zones prevails,' he added. ADVERTISEMENT 'Now if it manages to hold above 24,700, up move can be seen towards 24,950 and 25,200 zones while a hold below the same could see weakness towards 24,700 then 24,600 zones,' recommended Taparia. ADVERTISEMENT Amber Enterprises: Buy| Target Rs 7350| Stop Loss Rs 6464 Astral Ltd: Buy| Target Rs 1775| Stop Loss Rs 1490 ADVERTISEMENT Cyient: Buy| Target Rs 1585| Stop Loss Rs 1285 D-Mart Future (June 26 Expiry): Buy| Target Rs 4545| Stop Loss Rs 4150 ADVERTISEMENT Eicher Motors Fut (June 26 Expiry): Buy| Target Rs 5750| Stop Loss Rs 5250 BPCL: Buy| Target Rs 325| Stop Loss Rs 308 Maruti Suzuki India: Buy| Target Rs 13000| Stop Loss Rs 12500 RBL Bank: Buy| Target Rs 238| Stop Loss Rs 224 (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
