Gift Nifty 🔴 Down 0.22% at 23,522; support at 23,500–23,475 and resistance at 23,550–23,600
Nifty 🔴 Closed 0.34% lower at 23,398.10; support at 23,350–23,270 and resistance at 23,440–23,500
LIC Housing Finance is our highest-conviction short-term stock for the next four to six weeks. The stock offers a favourable combination of bullish momentum,
According to Bagadia, Buying emerged from lower levels, while short covering supported the intraday recovery after the recent decline. Nifty formed a strong bullish candle on the daily chart,
Gift Nifty opened at 23,500.00 and recovered to 23,522.00 after touching the same level as its intraday low. It was trading only 28.50 points below the session high, showing limited buying interest
The Nifty 50 outlook remains cautiously bearish, although deeply oversold indicators could produce a technical rebound or short-covering rally.
Reliance Industries is expected to trade with a bearish-to-range-bound bias, although deeply oversold indicators may trigger a technical rebound.
MCX crude oil is likely to remain volatile with a positive underlying bias. The futures reference price of Rs. 9,738 is above the pivot point of Rs. 9,801.67
Buy MobiKwik only above Rs. 212 for targets of Rs. 222 and Rs. 229, with a strict stop loss at Rs. 200. Book 50% profit at the first target
