Nifty: How to trade RIL on results day and 3 stock ideas of the week from Rupak De of LKP Securities
Shares of Nifty heavyweight RIL, which ended last week 1% down, have formed an inverted hammer pattern following a sharp correction, indicating the possibility of a bullish reversal. “Sentiment may improve, and the price could recover unless it breaks below the recent low of Rs 2,722,” says Rupak De, Senior Technical Analyst, LKP Securities. RIL […]
Chandan Taparia’s recommendations: How to trade HUL, Lupin, Lal Path shares on August 6?
Indian stock market: Fears of a possible U.S. recession have triggered a significant global equity sell-off, heightening investor anxiety. The Nifty 50 fell by 824 points, dropping below 24,000 for the first time since late June, while the S&P BSE Sensex decreased by 2,686 points, reaching an intra-day low of 78,295. “Nifty index opened gap […]
How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings
We need to keep a close eye on the volatility index, India VIX, as it has surged by nearly 17% in the last week. On Friday, it has given the highest closing in the last 16 trading sessions, Sudeep Shah, Deputy Vice President and Head of Technical & Derivative Research at SBI Securities warns. This […]