The broader technical structure remains confined within the prevailing trading range on the weekly charts, with immediate resistance placed in the 24,500-24,600 zone
Technical analysts flag that Nifty ranged between 23,600-24,600 after the initial rally in FY27; however, select momentum indicators show improvement for the BSE, NSE benchmark indices on charts.
FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.
Technically, the Nifty has reclaimed the immediate resistance zone formed by the 20-day and 100-day DEMA, indicating an improvement in the near-term technical setup.
Only a breach below 24,000 will weaken the structure; otherwise, intraday dips toward the support zone of 24,150-24,180 should be used as a buying opportunity, said Jatin Gedia.
BSE stock has declined over 22% from its record high of ₹4,447 hit in May 2026; Q1 results on August 4. Tech analyst at SBI Securities says stock structure looks weak, flags key near hurdles on chart.
Sun Pharma outlook: Analysts at Bajaj Broking flag a breakout above the monthly consolidation zone and the formation of higher-highs, higher-lows among key reasons for a bullish view on the stock.
Breakout stocks: IDFC First Bank and Prestige Estates are up over 50% in FY27. The 'Golden Crossover' suggests that these stocks can potentially rally to record highs, says Jatin Gedia of Teji Mandi.
Geographically, DCB has a diversified pan-India presence with a stronger footprint across western and southern India, while continuing to expand selectively into underpenetrated markets.
Stocks to buy: Aakash Shah of Choice Equity Broking recommends buying Shipping Corporation, Titan and Apollo Hospitals for solid returns in the near term.
From a technical perspective, the Nifty 50 witnessed a decisive breakdown, with persistent selling pressure throughout the week dragging the index toward a critical support zone, said Osho Krishnan.
Laxmikant Shukla, technical analyst at YES Securities maintains a constructive view on HCL Tech, Tech Mahindra and TCS, and predicts up to 14 per cent upside for these stocks.
Virat Jagad of Bonanza provides a technical analysis on 5 stocks from Rekha Jhunjhunwala's portfolio: Titan, Federal Bank Karur Vysya Bank, Metro Brands and Indian Hotels. Here's what the analyst says
