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 […]
Technical Breakout Stocks: How to trade Siemens, Eicher Motors and RIL on Tuesday
Indian market closed with gains of over 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose 560 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in capital goods, consumer durables, public sector, and healthcare stocks while selling was seen in utilities. Stocks that were in focus include names […]
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 […]