Voltas Limited futures has bounced back from 23.60%
retracement level on daily charts. Moreover, it is forming “symmetrical
triangle” chart pattern on daily and weekly charts, which is considered to be
The 50-days DEMA of the stock on the daily charts is
currently at 539.75 .In the previous days, Voltas Limited registered 2% gain
and took a support of the lower line of pattern and also technical indicators
MACD, RSI and KST are indicating towards positive movement in the upcoming days.
Therefore, it is recommended to take a long positions in VOLTAS Jan Futures in
between 540-541 for the targets of 546-550 with stop loss at 530.1.It is a pure
intraday recommendation due to contract expiry day.
ICICIBANK, TATASTEEL, AXISBANK, HINDALCO, HCLTECH were the top
gainers among Nifty 50 stocks while IBULHSGFIN, ADANIPORTS, BAJAJ-AUTO,
KOTAKBANK, INFRATEL were the top losers.
•TCS says it can weather slowdown without any layoffs. Tata
Consultancy Services has a number of ways to respond to a slowdown in business,
even as it prepares for stronger growth, the company’s human resources head