Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month
The Nifty IT index has managed to conquer the resistance of 27,500 which suggests a further upside towards 28,200 and 28,500 levels
Nifty Bank is expected to touch 36,600 levels, as per the technical chart
Muthoot Finance is headed towards Rs 1,700 levels
Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in May
Analysts remain cautious on cigarettes and hotels businesses in the medium term. On the techncial charts, the stock is in the process of forming an 'Island Reversal Pattern'
With a 20 per cent jump on June 1, 2021, the stock of PNB Housing Finance has conquered the resistance of Rs 600 levels.
Volume needs to show significant improvement to impact the market sentiment
Shares of Reliance Industries are up more than 9 per cent over two days to Rs 2,160.45
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
Jefferies maintains 'buy' rating on the stock with price target of Rs 2,580 per share.
Nifty50's stability above 15,300-mark shows a further breakout towards 15,700 and 16,000 levels, as per the weekly chart
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.
If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent
A breakout in SBI share may result in a rally towards Rs 450 levels
Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
The rising death toll, slow roll-out of vaccination, and Covid-19 spreading to rural areas may keep the upside in contained in the markets, believe analysts
Under this analysis, an investor studies major swings or reversal points of a stock, or index, over a period of time