Page 9 - Daily Technicals
Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
 "Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise")
Bulls ride PSE index to historic peak, half of index stocks on breakouts
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
 "Bulls ride PSE index to historic peak, half of index stocks on breakouts")
5 Nifty 500 stocks to accumulate if market breadth continues to improve
Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts
 "5 Nifty 500 stocks to accumulate if market breadth continues to improve")
How to trade Zee Entertainment as NCLT places it under insolvency process
Death Cross on the Zee Entertainment may push stock in the bear grip
 "How to trade Zee Entertainment as NCLT places it under insolvency process")
Defence stocks: HAL poised for a historic peak; BDL, BEL test key levels
HAL sets to hit new all-time and may rise up to 9 per cent. BDL and BEL need to cross key hurdles to breakout.
 "Defence stocks: HAL poised for a historic peak; BDL, BEL test key levels")
Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile
Selective stocks like Bharat Petroleum Corporation, Divi's Laboratories, Hindalco Industries, Hero MotoCorp and State Bank of India, the technical charts are reflecting clear weakness.
 "Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile")
Technical chart: Is this the right time to buy Vodafone Idea shares?
Back in 2012, when the stock climbed over the same average, the stock price doubled in three years. The 50-MMA has become a decisive indicator for the shares of Vodafone Idea.
 "Technical chart: Is this the right time to buy Vodafone Idea shares?")
TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks
Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.
 "TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks")
Metals eye up to 15% gain amid China reopening, likely capex push in Budget
Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,
 "Metals eye up to 15% gain amid China reopening, likely capex push in Budget")
Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani
As per the technical analyst, the best trading strategy for traders would be to buy Nifty IT either at the current market price or at dips, with a target of 31,500
 "Positive trend ahead for Nifty IT, bearish on metal index: Ravi Nathani")
Barring OMCs, Paint & Tyre stocks may see adverse impact if Brent tops $88
OMC stocks like BPCL, HPCL are better placed on the charts; decisive move over their key hurdles could see next leg of upside
 "Barring OMCs, Paint & Tyre stocks may see adverse impact if Brent tops $88")
Tech view: Check key levels on Sensex, Nifty as trend remains indecisive
The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction
 "Tech view: Check key levels on Sensex, Nifty as trend remains indecisive")
CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher
Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent
 "CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher")
Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?
The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268
 "Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?")
Trading Calls: Mehul Kothari recommends Buy Birlasoft, Sell IndusInd Bank
According to the analyst from Anand Rathi, IndusInd Bank has rallied sharply in the recent days without any corrective move, and is currently facing some headwinds at 200-WMA.
 "Trading Calls: Mehul Kothari recommends Buy Birlasoft, Sell IndusInd Bank")
Upside seems limited for MCX Gold; Silver may rally past Rs 71,000-level
The MCX Gold futures are likely to face considerable resistance around Rs 53,500-odd levels; MCX Silver futures can test Rs 71,300 on the upside.
 "Upside seems limited for MCX Gold; Silver may rally past Rs 71,000-level")
MCX Gold, Silver: Key trading levels to watch out on April 11
MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
Here's why Osho Krishan recommends buying Bharti Airtel, Birlasoft
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
MCX, IEX: Two stocks that Anand Rathi's Osho Krishan is bullish on
IEX is in a secular uptrend and is highly poised to test the uncharted territory
 "MCX, IEX: Two stocks that Anand Rathi's Osho Krishan is bullish on")
BoB, SBI Life: Two stocks Vinay Rajani of HDFC Securities is bullish on
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost
 "BoB, SBI Life: Two stocks Vinay Rajani of HDFC Securities is bullish on")
