On the daily table, Nifty50 gave a spark of schema offset on January 3, 2022 and yielded a yield of 3.50% to date without a significant correction. Meanwhile, on the broader (weekly) period, prices gave a spark of bullish flags and show prices near their high levels of previous life, which are placed at 18,600.
The structure of the index is in favor of bulls. The width of the market remained at 2: 1 with 35 stocks on the advanced side and 15 stocks on the decline side. The price on the daily table negotiate in superior upper superior training.
A few weeks of prices have been under a little pressure and negotiated below the average exponential move of 21 and 50 days, but a strong escape of the current week has forced prices to close above the average daily framework .
Nifty50 is the most likely cap near its previous resistance zone that is placed at 18,600 and if the index manages to cross above said level, 19,000 will soon be on the cards. The immediate support of the index is placed nearly 17,900 levels.
Nifty Bank After having a hammer candlestick model on the weekly table, the prices showed a strong recovery on the upper side and took charge of its 21-week exponential mobile average on the weekly card. Important media are now at 37 600-37 200 and the resistance is located near 3900 to 39 500.
Here are three calls for purchase for the next 2-3 weeks:
Tata Motors: Buy | LTP: Rs. 507.25 | Stop-loss: RS 485 | Target: RS 547 | Back: 7.8%
Prices traded in a symmetrical triangle training for a month and a half and formed resistance to the Trend line at RS 498 levels.
The stock broke out of an upper band of 503.70 rupees on January 10 and prices recorded a decisive escape that suggests a modification of the trend on the rise on the rise. The stock is negotiating over its exponential moving means of 21, 50 and 100 days on the daily delay, which is positive for short-term prices.
The MACD indicator (average convergence divergence of mobile convergence) reads above its central line with a positive crossover above its signal line. Oscillator oscillator RSI (14) (relative force index) reads nearly 60 levels that indicate that positive momentum wishes to continue to come.
The stock is traded in lower lower lower training for three months and has formed corner formation on the daily time.
On January 12, prices ruptured a downward slope line that was connected to a falling corner scheme and the stock has capable of closing over its exponential mobile averages of 21 and 50 days.
The upward push in low lower low formation indicates a positive upward push. Oscillator oscillator RSI (14) is reading nearly 60 levels indicating that positive momentum will love to continue to come.
Prices traded in reversed head and shoulder in the last five months and formed a resistance to the neck line at 1,520 rupees.
TATA communications exploded a reverse head and shoulder model and prices recorded a decisive escape that suggests a change in the laterally upward trend. From the last three and four trading sessions, we observed an average volume activity in the counter that also suggests an evacuation of price volume on the daily time.
The stock is negotiating over its exponential moving means of 21, 50 and 100 days on the daily delay, which is positive for short-term prices.
The MACD indicator reads above its central line with a positive crossover over its signal line. Oscillator oscillator RSI (14) is read above 60 levels indicating that positive momentum wants to continue to come.
