Adani Enterprise , in particular, could see a rally of up to 11 per cent in coming sessions
The Smallcap index seems poised to hit the 10,000-mark.
Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.
Railway related stocks are poised for next leg of upside, shows techncial charts
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
The Nifty Realty Index could face stiff resistance in the range of 445 to 457 levels.
Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
FMCG stocks may rise up to 17% once the index hits a new all-time high
Technical analyst Ravi Nathani says the best trading strategy for near-term traders would be to sell Nifty Bank on rallies, with a stop-loss of 41,364
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation