Ajit Mishra, SVP-Research of Religare Broking expects the Nifty to face resistance in the 22,300 - 22,400 range.
Nifty50 outlook: On the downside, the 21,850-22,150 zone is anticipated to provide support. Traders are advised to maintain caution
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the given range
We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said
Coromandel International, HDFC Life Insurance Company and SAIL are the stocks that the technical analyst from Religare Broking is bullish on
The Religare Broking analyst also recommends buying Apollo Tyres
Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there
Tata Motors has formed a fresh shorting pivot and is likely to resume the corrective phase.
Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs 520 levels
Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise
Berger Paints after the recent up move has been consolidating in a narrow range around its record high
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle
MGL witnessed a fresh breakout from the consolidation range on June 15 and made new record highs as well
HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
IGL has been consolidating in a range for the last three months while holding firmly above the support zone of the long-term moving averages
The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue
HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart
Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range