comparemela.com

Page 14 - Vinay Rajani News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nifty close below 14,416 would be bearish for short-term: Vinay Rajani

Exit trading longs below 14,190 in Nifty: Vinay Rajani, HDFC Securities

Nifty has been trading in the downward sloping channel on the daily charts. The current level of Nifty is placed very near to the support derived from this channel. Any close below 14,190 would be considered bearish and trading longs in Nifty should be squared off in that case. On the higher side, 14,560 would play a crucial role as resistance. The sustained level below 14,190 could drag Nifty towards 13,600-odd levels. Stock Recommendations Buy Wipro (469): | Target price: Rs 510| Stop-loss: Rs 443 Wipro has been the best performing stock in the IT sector over the last couple of weeks. The stock recently surpassed the previous top resistance of 452 on the daily chart with fair volumes. It also registered a new all-time high above Rs 356. The stock is placed above all important moving averages, which indicates bullish trend on all time frames.

Nifty pullback can extend till 14,700: Vinay Rajani of HDFC Securities

Nifty outlook On April 13, 2021, Nifty formed inside bar or bullish “Harami” candlestick pattern on the daily chart, where the open and close remained within the range of the previous trading session .The implication of this pattern turns bullish when next session’s opening remains in green. On the upside, Nifty has got strong resistance in the zone of 14,652-14,785, which happens to be the unfilled gap formed on April 12, 2021. Longs should be protected with the stoploss of 14,275 in Nifty. Recommendations Buy HEROMOTOCORP (Rs 2,868): | Target: Rs 3,090 | Stop-loss: Rs 2,800 The stock has formed bullish “harami” candle stick pattern on the daily chart. Daily RSI has also exited from the oversold zone, which indicates the chances of sharp pullback in the counter. This week, the stock price formed bullish “double bottom” formation at 2,740 odd levels and reversed the trend toward north.

Nifty s direction will be clear once it breaks the range of 14,500-14,800

Nifty s direction will be clear once it breaks the range of 14,500-14,800
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.