Analysts at Choice Broking flag that Crompton Greaves has taken support around its multi-year horizontal support zone of ₹190-₹200, with momentum indicators supporting a potential reversal.
Stock market outlook: Jatin Gedia of Teji Mandi expects the pullback in Nifty to continue citing positive cues from the daily and hourly momentum indicators.
Analysts at Motilal Oswal Wealth Management Research Desk are bullish on mid-caps Indian Hotels and Lenskart, and small-caps Symbiotec Pharmalab and Urban Company.
Stocks to buy: MCX has formed a bullish candle, reclaimed the 50-DEMA and started making higher highs, indicating renewed buying interest, explains Chandan Taparia of Motilal Oswal.
Vinay Rajani of HDFC Securities believes that a sustained move above 22,800 could clear the 20-DEMA resistance and open the way for Nifty toward the next resistance at 23,175.
Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone.
Stocks to buy: Anand James of Geojit Investments flags the formation of a 'Morning Star' pattern on TD Power stock chart near this support, strengthening the possibility of a near-term reversal.
Nykaa offers an attractive combination of category leadership, strong execution, multiple growth levers, and improving profitability, says Shrikant Chouhan, Head of Equity Research at Kotak Neo.
Stocks to buy today: The 22,200-22,400 zone is the next key support area, while the 23,000-23,300 zone is likely to cap the upside during any recovery.
The structural earnings outlook for JSW Steel remains positive given it's focus on cost optimization, captive raw material integration, and scale expansion, says Shrikant Chouhan of Kotak Neo.
Anand James, Chief Market Strategist, Geojit Investments explains that NCC is showing early signs of a recovery, with the stock breaking above its declining trendline on charts.
NTPC stock is showing early signs of a potential reversal, as it trades near its long-term support (200-week EMA) on the charts, says Sachin Gupta of Choice Broking.
