The formation of a bullish hammer candle pattern of last week as per the weekly timeframe chart is still intact. The index is expected to slide near the low of the said hammer pattern around 19,350-19,450 levels in the short term before showing another round of upside bounce from the lows. Immediate resistance is placed at 19,620 levels, said Nagaraj Shetti of HDFC Securities.
Waaree Energies, Vishal Mega among 8 stocks on which brokerages initiated coverage
Brokerage firms have initiated coverage on stocks like BSE, Dixon Technologies, Swiggy, Ixigo, Waaree Energies, and Vishal Mega Mart, expressing bullish views.
January 18, 2025