How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings

economictimes.indiatimes.com:

We need to keep a close eye on the volatility index, India VIX, as it has surged by nearly 17% in the last week. On Friday, it has given the highest closing in the last 16 trading sessions, Sudeep Shah, Deputy Vice President and Head of Technical & Derivative Research at SBI Securities warns. This analyst recommends trading strategy in Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance and HUL ahead of their January-March quarter results.

Both Nifty and Sensex are off their lifetime highs and have witnessed nearly 2.5% correction this week. Are we done, or do you expect further declines?

The benchmark index Nifty marked a high of 22,775 on April 10, 2024, and thereafter, it has witnessed sharp correction of nearly 1000 points in just 6 trading sessions. During this corrective phase, the index slipped below its rising channel on Friday. However, it found support near a previous swing low of 21,710, which was formed in the month of March 2024 and staged a strong recovery thereafter to once again close within the rising channel. In an impressive turnaround, the index not only negated Friday’s downside gap but also retraced over 50% of Thursday's candle.

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This resurgence led to the formation of a piercing line candlestick pattern on the daily chart. The