Page 48 - Market Outlook
HDFC Securities recommends Buy on Triveni Engineering, NFL; check why
On the broader market outlook, Vinay Rajani the technical & derivative analyst expects the Nifty to move in the 17,842-176,84 range in the near term.
 "HDFC Securities recommends Buy on Triveni Engineering, NFL; check why")
Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought
According to Ravi Nathani, an independent technical analyst, the Auto index seems trapped in the 12,950 - 12,830 range. Whereas, the FMCG index is expected to face stiff resistance around 47,200.
 "Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought")
Indian markets likely to remain range-bound in the near term: Analysts
Rising interest rates, firm crude oil prices and geopolitical concerns, they believe, will keep the sentiment back home in check.
 "Indian markets likely to remain range-bound in the near term: Analysts")
Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts
Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23
 "Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts")
Chart suggests 'Sell on rise' strategy for Nifty Bank index
According to Ravi Nathani, an independent technical analyst, the Bank Nifty is expected to face resistance around 42,615-42,950-43,600.
 "Chart suggests 'Sell on rise' strategy for Nifty Bank index")
Tech view: Nifty Midcap 50 Index likely to exhibit range-bound trade
According to Ravi Nathani, an independent technical analyst, the Nifty Midcap 50 Index may consolidate in a range of 8,800 - 8,736.
O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts
RIL Q4 preview: Analysts expect steady improvement across all segments of Reliance Industries in Q4FY23, with stronger base gross refining margins, and reduced impact of windfall tax
 "O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts")
Can the rally in Nifty Realty index sustain? Here's what charts suggest
The Nifty Realty Index could face stiff resistance in the range of 445 to 457 levels.
Selectively ride logistics stocks as tech wave disrupts market: Analysts
With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce
 "Selectively ride logistics stocks as tech wave disrupts market: Analysts")
This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years
After a gap of over 15 years, the stock has touched a new peak. It surpassed its previous high of Rs 448.5 per share, which it had touched in December 2007
 "This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years")
Hold longs on Nifty with a stop at 17,500: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst recommends to Buy Ircon International and ABFRL.
 "Hold longs on Nifty with a stop at 17,500: HDFC Securities")
Trading strategies in Nifty FMCG, Metal indices
According to Ravi Nathani, an independent technical analysts, the Nifty Metal Index is exhibiting a range-bound trade, whereas the FMCG index presents a 'Sell on rise' opportunity.
 "Trading strategies in Nifty FMCG, Metal indices")
Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services
According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.
 "Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services")
Pivot point for Nifty stands at 17,858, chart suggests
In case the Nifty faces resistance at 17,858, Ravi Nathani recommends adopting buy on dips strategy with support around 17,610 and lower levels.
 "Pivot point for Nifty stands at 17,858, chart suggests")
Venus Pipes rallies 7% to hit record high as Ashish Kacholia buys 2% stake
On April 11, 2023, Ashish Rameshchandra Kacholia bought 4 lakh equity shares, which represented 1.98 per cent stake of Venus Pipes at Rs 750 per share via block deal
 "Venus Pipes rallies 7% to hit record high as Ashish Kacholia buys 2% stake")
HDFC Securities picks two stocks with bullish breakout patterns; Check here
The stock of Bank of Baroda is on the verge of breaking out from the symmetrical triangle
 "HDFC Securities picks two stocks with bullish breakout patterns; Check here")
Charts show bullish trend for Nifty Auto, adopt buy-on-dips: Ravi Nathani
Based on the technical analysis of the Nifty Auto index using near-term charts, it is anticipated that the index may continue its upward trend in the near to short term, said the technical analyst
 "Charts show bullish trend for Nifty Auto, adopt buy-on-dips: Ravi Nathani")
Analysts play it safe; prefer safety of large-caps amid multiple headwinds
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
 "Analysts play it safe; prefer safety of large-caps amid multiple headwinds")
Charts suggest Nifty 50, IT Index may enter consolidation phase
Technical analyst Ravi Nathani expects the NSE benchmark index to consolidate in 17,150 - 17,850 range
 "Charts suggest Nifty 50, IT Index may enter consolidation phase")
Nifty Auto likely to remain range-bound in near-term, says Ravi Nathani
According to the technical analyst, the Nifty Auto Index is expected to remain range-bound in the near term, with a potential breakout in either direction likely to trigger a directional bias