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ValueProductPastPerformance

Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
Bharat Forge Ltd. 25/07/20241,593.85952.3007/04/2025 -40.25% 256 days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days

CRR_MVC_PastPerformance

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Technical market quote by Mr. Nagaraj Shetti, Technical Research  Analyst, HDFC Securities
DSIJ Intelligence
/ Categories: Others, Expert Speak

Technical market quote by Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

After showing an upside breakout of a smaller high low range recently, Nifty showed follow-through upmove amidst volatility on Tuesday and closed the day higher by 51 points. Nifty opened on a slightly weak note and witnessed an upside recovery from the lows in the early part of the session. Minor intraday weakness of mid-part has resulted in a buy on dips opportunity and a late session upmove was seen towards the end.

A reasonable positive candle was formed on a daily chart and the new high was formed at 16628 levels. Formation of lower shadow signal buy on dips opportunity in the market. This is a positive indication and it indicates an uptrend continuation pattern.

Presently, Nifty is showing a sustainable upmove with range bound action. On the weekly chart previous 7-8 weeks range movement has resulted in an upside breakout in the past (May-21) and similar market action has been observed recently (early part of Aug). Hence, there is a higher chance of further upside for the Nifty for the next 1 -2 weeks, before shifting into another broader high low range movement.

Conclusion: The short-term trend of Nifty continues to be positive. There is a possibility of further upside with range-bound action for the short term. The next upside levels to be watched are 16800-16900 levels in the next few sessions. Immediate support is placed at 16540 levels.

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