INSUBCONTINENT EXCLUSIVE:
Illustration: Binay Sinha2 min read Last Updated : Oct 03 2024 | 7:20 AM IST
Nifty extended its fall to a third session on Oct 01
Cash market volumes on the NSE were about 11% lower compared to the previous session
Broad market indices ended in the positive even as the advance decline ratio rose to 1.45:1
Nifty formed a small candle on Oct 01 with a large upper shadow.After a large fall in the previous session, Nifty seems to be consolidating
and did not see a large follow through selling
Nifty could face resistance from the 25956-26011 band while 25446 could offer support in the near term.Buy Coforge(Rs 7,115): | Target Rs
Stock is placed near its all-time high and has been outperforming the IT sector
Stock is trading above all important moving averages, indicating bullish trend on all time frames
Indicators and oscillators have turned bullish on weekly charts.Buy Coromandel International (Rs 1,726): | Target Rs
Stock price has reclaimed its level above its 50 days EMA
Stock is trading above all important moving averages, indicating bullish trend on all time frames
Indicators and oscillators have turned bullish on daily and weekly chart.
Fertilizer and chemical sector have started performing
well.(Vinay Rajani, senior technical and derivative analyst at HDFC Securities
Views expressed are his own.)First Published: Oct 03 2024 | 7:20 AMIST
