TRADE SETUP FOR FRIDAY
Trade setup: Nifty may consolidate in 12,111-12,216 zone; 50-DMA is strong support
The Relative Strength Index (RSI) on the daily chart stood at 49.85 and stayed neutral.
Trade setup: Nifty needs to top 20-DMA at 12,200 to stabilise
The RSI on the daily chart stood at 48.84 and marked a fresh 14-period low, whi...
Trade setup: Nifty50 may stage a pullback; outlook is still bearish
As of now, the 50-DMA at the 12,104 level has been acting as a support on...
'BUY' or 'SELL' ideas from experts for Friday, 24 January, 2020
Kunal Bothra advised traders to buy Titan Company with a target price of Rs 1,240 and a stop loss of Rs 1,180.
Trade setup: Nifty vulnerable at higher levels; steer clear of technical pullback
The 12,265 and 12,290 levels will act as stiff resistance. Support is at 12,190 and 12,110.
Trade setup: Nifty may continue to consolidate; stay stock specific
RSI on the daily chart was 61.03 and stayed neutral, showing no divergence against the price.
Top intraday trading ideas for afternoon trade on Friday, January 17, 2020
Kotak Bank is a 'Buy' call with a target price of Rs 1770 and a stop loss of Rs 1685.
Precious Metals: Gold, silver slump in futures trade amid low demand
Gold prices on Friday fell by Rs 242 to Rs 40,041 per 10 gram in futures trade.
Trade setup: High chances of market taking a breather; stay stock-specific
Nifty has continued to stay within the broadening formation.
Trade setup: Better stay light on positions; Nifty may consolidate
Thursday’s session is likely to see 12,350 and 12,395 levels act as immediate resistance.
Trade setup: Nifty set to extend rally, but keep exposure in check
Friday’s session is likely to see 12,255 and 12,300 levels act as resistance.
Base Metals: Aluminium, nickel edge up in futures trade amid high demand
Nickel prices on Friday edged up by 50 paise to Rs 1,004.30 per kg in futures trade.
Agri Commodities: Cottonseed oil, soya oil, soybean fall in futures trade amid low demand
Cottonseed oil cake prices on Friday fell by Rs 4 to Rs 1,952 per quintal in futures trade.
Trade setup: Nifty may consolidate at higher levels; downside looks limited
The daily MACD showed a positive crossover and was bullish, while trading above its signal line.
F&O: Nifty setup suggests further correction towards 12,150, 12,050
On the options front, maximum Put open interest was at 12,000 followed by 12,200 levels.
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