The nifty 50 was down 0.13% to reach 25,106. 45, while the sensex slipped 0.18% to 82,365.17 by 9:57 IST. The broader small-cap stocks gained 0.2%, whereas mid-cap stocks remain unchanged.
Us President Donald Trump Announced that a Framework Regarding Tariff Rates Had Been Establed In Order to Revive the Fragile TRADE TRUCE with China. While this announsement boosted investor optimism, the absence of detailed information kept the markets uneasy.
At the same time, Iran indicated that it would target us bases in the middle East if nuclear negotiations collapse and conflict with washington arupts, intensifying geopolitical works.
On the Technical Front, Osho Krishan of Angel One, Recommends HCL Technologies Ltd, and Gail (India) Ltd. Krishan Advises to Chasing Momentum and Sugged Entering on Dips while Booking Profits at Higher Levels. Here’s what he says about the overall market.
Nifty 50 Outlook by Osho Krishan, SR. Analyst, Technical & derivatives, Angel One
The Prevailing Market Structure has Remained Consisten, as evident by the emergence of a third culture narrow-range candlestick with a small body on the DAILL BONIL BODY on the DAILL CHART FOR The BENCHMARK IndEX. The smoothed Relative Strength Index (RSI) is currently positioned Around 75, indicating that the market is satuated in an overburgt territory. Despite the underlying bulish sentiment, there is a significant absence of Robust Follow-Through.
The Recent Trading Range of 25,050–25,250 broadly marks a key zone of 25,000-25,300, where the lower end aligns with the bullish gap support and the upper end coincides with the crucial This zone pivotal for the weekly expiry. Hence, we Continue to Advise Against Chasing Momentum and Sugged Entering on Dips while Booking Profits at Higher Levels.
While the index remains within a defined range, Thematic Plays Are Beginning to Gain Traction. Our positive outlook on the it sector is reafefirmed, as the nifty it index has surpassed its recent swing high, establishing a classic “Higher top higher bottom” formation. This sugges the potential for outperformance in this sector. Furthermore, Oil and Gas Stocks Are Experience Significant Breakouts, and We Expect that Strength in this sector will person in the Near Term.
Stocks to buy on Thursday- Osho Krishan
On stocks to buy on Thursday, Osho Krishan of Angel One Recommended Two Stocks – HCL Technologies Ltd, and Gail (India) Ltd.
HCL Technologies Ltd
HCL Technologies Share Price has observed Substantiial Buying Activity in Recent Sessions, Having Surpassed Key Short-Term Emas on the Daily Chart and Excted the 200-DSMA AFTERE AFTEREDED CORIODED Stagnation. This Recent Price Performance is supported by increasing trading volumes and positive crossovers of the emas, which contribute to a bully Furthermore, from a risk-Reward perceitive, the stock is favorably positioned and appears poised to sustain its upward training in the Near term.
Hence, we recommend buying HCL Technologies Share Price Around 1,710-1,700, keeping a stop loss of 1,640 for a potential upset target of 1,780–1,810.
Gail (India) Ltd
Gail share price has demonstrated a notable increase, supported by substantial trading volumes during the previous session, thereby Exciding the 200 DSMA. The stock has also Surpassed Its Prior Swing Highs, and The Recent Positive Crossover of the 21-Dema Over the 200 DSMA sugges a favorite short-term outlook. Moreover, the Alignment of the 14-Period Momentum Indicator Further Reinforces The Bully Sentiment Regarding the stock.
Hence, we recommend buying gail share price Around 198-195, Keeping a Stop Loss of 187 for a potential upset target of 212-216.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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