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Dollar witnessed its longest winning streak in the last 15 months following safe haven buying on the back of uncertainty in China and better-than-expected economic numbers from the US, said Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial services.

On the technical charts, the 200-day moving average of the stock stood at Rs 2783.7.

Titan already had 71% stake in CaratLane. So, technically, CaratLane was a subsidiary of Titan. Now, as was expected, Titan gradually had intention to increase the stake to, say, 100% and make it a fully owned subsidiary.

The stock quoted a 52-week high of Rs 2444.75 and a 52-week low of Rs 1660.65.

Ambuja Cements, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 89959.66 Crore) operating in Cement sector.

"Overall, the ITC stock is fairly valued at this stage. Further growth triggers for ITC could come in terms of further improved profitability in the FMCG segment as well as progress on hotel de-merger. It could take some time. I would agree with you that near term, the upside looks capped."

​The Futures Long Position Scan performed on August 18 revealed Aggressive New Long positions were taken on some largecap counters.​

On the longer time frame, the counter witnessed a breakout of trend-line resistance at around Rs 2450 levels on the daily chart. It retested near its breakout levels and started a new leg of the rally towards Rs 2600. The structure of the counter is good for long-term investors, as it is trading above all the important moving averages.

Equity markets are notoriously volatile in the short term. Trying to predict market levels in the short term is akin to flipping a coin. As a result, I would refrain from attempting to forecast market levels in the near term.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.