The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Automobile shares may breakout after crossing significant resistances
Select pharma stocks look good on the technical charts and may jump up to 15 per cent in December. On the fundamental side, fears of Omicron variant spreading may also keep them in news and buzzing
Sobha Ltd, however, is expected to surge up to 14% indicates the daily chart.
The current chart pattern signals a weak trend and market participants are likely to stay on the sidelines to see whether the stock honours the respective support levels
The key benchmark indices may record new all-time high levels in Samvat 2078, provided they conquer the near-term significant resistance levels.
These five small-cap stocks can rally up to 40 per cent in the medium-term, indicate charts
Jewellery related stocks have witnessed massive gains since last Dhanteras and continue to trade with a firm bullish bias, indicating more upside for the shares.
ICICI Bank is trading firmly in overbought condition, while Hindustan Unilever is still not showing signs of any reversal depsite trading in oversold territory
HCL Technologies and D-Mart need to make a decisive break above near term resistance levels for further up move, while HDFC Bank may rally up to Rs 2,000 provided it sustains above Rs 1,650-level
Analysts believe ITC's cigarettes business will fully recover amid aggressive vaccination drive and reduction in Covid-19 cases
Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent
Natural Gas related stocks were in focus on the back of CNG and piped gas price hike in several northern India cities
The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent
SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level
As long as the support of Rs 2,400 is defended; the negative sentiment is not going to see any exciting response from market participants. Short-term support exists at Rs 2,580 and Rs. 2,520
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
With festive season round the corner and gold sales expected to rise, gold-related stocks are likely to be in focus, the charts are indicating more upside for these stocks
Out of the 100 stocks in the Nifty Mid-cap 100 index, only 12 are trading in the overbought category of Relative Strength Index
Tata Power and Coal India are witnessing strong momentum based buying, while Indian Energy Exchange (IEX) can surge 20% in the medium-term, tech charts show