TCS, ONGC, Just Dial among 41 stocks that look ready to rally, suggests MACD
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The momentum indicator signalled bullish crossovers on these counters, hinting at possible upsides in the days ahead.
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NEW DELHI: With the benchmark stock indices rising for the third day in a row, at least 41 stocks on NSE are looking strong on momentum oscillator moving average convergence divergence or MACD.
The momentum indicator signalled bullish crossovers a sign of bullish undertone on these counters, hinting at possible upsides in the days ahead. Some of the stocks have climbed up to 20 per cent in Tuesday s session so far.
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Top 10 things to know before the market opens Moneycontrol 1 hour ago © Rakesh Patil Top 10 things to know before the market opens
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 30 points loss against May 12 closing of 14,696.50.
The BSE Sensex declined 471.01 points, or 0.96 percent, to close at 48,690.80 on May 12 while the NSE Nifty50 slipped 154.30 points, or 1.04 percent, to 14,696.50.
According to pivot charts, the key support levels for the Nifty are placed at 14,622.8, followed by 14,549.1. If the index moves up, the key resistance levels to watch out for are 14,797.1 and 14,897.7.