NSE’s Nifty50 index made history last week, by reaching the psychologically important 10,000 mark for the very first time.
The Nifty50 settled at 10,014 on Friday, up 1 percent from 9,915 hit on July 21. This was the fourth consecutive positive weekly close for the benchmark index.
According to experts, there is scope for the index to go higher. Based on various brokerage recommendations, below are a few stock strategies that can potentially deliver excellent gains over the next 14-21 sessions:
This stock was in high demand at the previous major breakout area and rising trendline in place since November 2016 to indicate conclusion of the secondary consolidation phase and resumption of upward momentum.
This stock is observing base formation above the key value area of Rs. 1,000 being the confluence of 80% retracement of last rising segment and 100-week EMA. We believe the stock provides good entry opportunity with a favorable risk reward.
This stock has registered a falling channel breakout on the weekly chart, showing a reversal of the corrective trend and provides a fresh entry opportunity to ride the next up move.
This stock has broken upward from a symmetrical triangle formation, which is bullish in nature. Increase in volumes show that there is buying interest from key players. It can see sharp up-move in coming days.
This stock is forming a higher highs and higher lows and has seen a huge buildup with a surge in volumes, showing bullish momentum. The stock is trading above its major moving averages, which is a great sign. The momentum indicators are also showing excessive strength for the near term.
The stock is at its prior resistance level, which is now working as support. In addition, ABC correction pattern completes at Rs. 1,324.85, therefore generating a buy signal. The stock hit a low of Rs. 1,318. The momentum oscillator, i.e. RSI is indicating positive divergence.
So, if you were looking for perfect answer to what to buy today in share market or how to make profit in share market, then now you know the answer.
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