Browsing Tag
mehul kothari
A breach of 18750 on Nifty50 would extend this rally towards 19000: Mehul Kothari
"A breach of 18750 would extend this rally towards 19000. We advise traders to remain stock specific until we have a better risk-reward to trade in an index," says Mehul Kothari – AVP –…
A close above 18,350 could take the Nifty50 towards 21,000 in long term: Mehul…
"A move above 18,350 on a closing basis, would confirm a major range breakout and that breakout has a theoretical target of around 21000," says Mehul Kothari – AVP – Technical Research,…
Nifty sees Double Top formation; Nifty Bank may head towards 38,500-38,000: Mehul…
"With regards to Nifty50 index, there is a double top formation at 18100 mark and that has played well. Due to heavy selloff the index has also breached support of 17450 and has closed below…
Nifty could struggle in 17,800 – 18,000 zone this week; 3 top trading ideas: Mehul…
"For the Nifty, 17800 – 18000 could be the struggling zone wherein we could witness profit booking due to global uncertainty," says Mehul Kothari – AVP – Technical Research, Anand Rathi…
Auto likely to hog limelight; M&M, BEML could give over 20% return in 3-6…
“The recent rally in auto stocks are due to multiple factors like decline in metals prices, improving chip availability and attractive valuations along with expected pick up in new launches…
A relief rally on cards for Nifty50 before testing 14,800 levels: Mehul Kothari
The previous week was marked as the worst for domestic markets in more than two years. Benchmark indices cracked 5.5-6 per cent during the week as the Nifty plunged about 1,000 points,…
Avoid aggressive bets as Nifty likely to face resistance near 16,900-17,200: Mehul…
“For the coming weeks, 16900 – 17200 might be a strong hurdle since they are the 50% and 61.8% retracement level of the entire fall from 18100 to 15700,” says Mehul Kothari, AVP – Technical…