The stock of IndusInd Bank has maintained a good base near 485 levels and has indicated a momentum pick up with positive bias
The stock of ICICI Bank has made a good support base near Rs 340 levels and is currently indicating a trend reversal
The stock of HDFC Bank has moved past the barrier of 1,050 levels and has come into a new territory with positive bias
For HUL's stock, the bias has improved a lot and the stock has the potential to rise further
The stock of City Union Bank has witnessed a decent erosion from the peak of around 240 levels and has bottomed out near 110 levels
The RSI on Voltas' stock is also on the rise and has signaled a buy
As of now, the psychological support of 11,000 level would be tested and the big question would be whether the index sustains or breaches that level
Marico should be the stock to focus on
For Tata Motors, the RSI has shown a trend reversal from the highly oversold zone to signal a buy and has maintained a positive bias
Hero MotoCorp has made another higher bottom formation pattern in the daily chart to imply strength and potential to rise further to give a breakout above the previous peak of 2,480
The RSI on ICICI Pru Life has indicated a strong trend reversal with positive bias, signalling a buy
Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength
Volume in CESC has been attractive and the RSI is also recovering from the lows, showing a trend reversal and improvement in bias
Escorts has picked up momentum with a positive bullish candle pattern with decent improvement in the volume participation to show a positive bias and imply further strength in the coming days.
The RSI has indicated a trend reversal from the oversold zone for IGL and signaled a buy coupled with good volume participation
Nifty has for now shown resistance at its triple top level near 12,300 levels
The support for the week is seen at 40,840/12,000 for Sensex and Nifty,respectively, while resistance is seen at 42,200/12,450.
Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher.
The support for S&P BSE Sensex and Nifty50, for the week, is seen at 37,380/11,060 while the resistance is seen at 38,900/11,560 levels.
Support for the week is seen at 38,230/11,320 for Sensex and Nifty, respectively, while resistance is seen at 39,400/11,700.