Page 59 - Market Outlook
Decisive move likely in MCX Gold this week; Silver futures may consolidate
The Rs 50,975-level is the pivot point for MCX Gold futures this week; Silver futures may trade in a broad range of Rs 60,165 to Rs 63,175 this week.
 "Decisive move likely in MCX Gold this week; Silver futures may consolidate")
Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum
According to the technical analyst from Anand Rathi, Elecon has confirmed a range breakout while HPCL seems to be testing support at its long-term trend line.
 "Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum")
ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?
Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.
 "ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?")
Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks
Titan and Lupin seem poised for solid gains among Rakesh Jhunjhunwala's portfolio, while shares of Lupin, Star Health and Jubilant Pharmova can be avoided for now.
 "Titan, Lupin, Indian Hotels: How to trade Rakesh Jhunjhunwala-owned stocks")
Upside for MCX Crude Oil may be capped at Rs 9,200 for now
On the downside, the MCX Crude Oil futures may test support near Rs 8,600-level; Natural Gas futures are likely to consolidate with support seen at Rs 600-mark.
 "Upside for MCX Crude Oil may be capped at Rs 9,200 for now")
HDFC, HDFC Bank, Bajaj Finance, Bajaj Finserv: Should you buy or sell them?
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
 "HDFC, HDFC Bank, Bajaj Finance, Bajaj Finserv: Should you buy or sell them?")
Key lessons for investors from stock market's bear phase in 2010-2011
With the end of easy money, market's risk tolerance is low, and this seems unlikely to change in the near term
 "Key lessons for investors from stock market's bear phase in 2010-2011")
IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day
The BSE Sensex and the Nifty 50 stand currently 10 per cent higher from the May 2021 levels, and if positive sentiment continues, the market may repeated a similar bull run.
 "IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day")
Upside seems capped for MCX Gold; Silver may consolidate in this range
The upside for MCX Gold June futures seem capped around Rs 51,400-level, while support is seen around Rs 50,670; Silver futures may consolidate in a broad range of Rs 58,480 to Rs 63,885.
 "Upside seems capped for MCX Gold; Silver may consolidate in this range")
Balrampur Chini, Shree Renuka, Triveni: Sugar stocks dip after 300% surge
Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.
 "Balrampur Chini, Shree Renuka, Triveni: Sugar stocks dip after 300% surge")
After FII, will retail investor flows into equity market also shrink?
Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
 "After FII, will retail investor flows into equity market also shrink?")
Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000
The technical analyst from HDFC Securities recommends buying Transport Corporation of India basis charts
 "Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000")
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?
According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.
 "HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?")
Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest
Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach
 "Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest")
We have seen a drop in retail participation in cash segment: 5paisa CEO
That said, the derivative market average turnover has improved in May
 "We have seen a drop in retail participation in cash segment: 5paisa CEO")
Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni
We can see a possible earnings growth revival in the automobile sector if the raw material pressure softens and semiconductor availability improves
 "Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni")
Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show
The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.
Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent
Adani Enterprises can rally up to 14 per cent; whereas ACC, and Ambuja Cements can gain another 10 per cent each, indicate charts
 "Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent")