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Tag: 200dma support

Market Trading Guide: Buy PNB and Sell OFSS on Wednesday. HDFC Securities explains why
Stock Market

Market Trading Guide: Buy PNB and Sell OFSS on Wednesday. HDFC Securities explains why

Nifty ended sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. The index has fallen sharply after falling below the 21EMA, leading to a significant long recovery period. Commenting on current trends, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty declined towards the 200DMA, where it found […]

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Market Trading Guide: ONGC Among 2 Stocks to Buy on Friday for Up to 16% Return
Stock Market

Market Trading Guide: ONGC Among 2 Stocks to Buy on Friday for Up to 16% Return

Nifty ended with deep cuts on Thursday as the US-Iran standoff continued, triggering a widespread sell-off. The benchmark indices ended their three-session winning streak, which was dragged by auto, financial services, IT and consumer stocks. The index fell below the 50DMA and the 21EMA in one fell swoop.Rupak De, Senior Technical Analyst at LKP Securities, […]

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