The Nifty can potentially surge another 9% to hit levels of around 28,000-mark in the coming months; among sectors, auto and metal may see up to 20 per cent upside, suggest technical charts.
Vodafone Idea stock has witnessed a twin breakout with the stock seen trading above the super trend line hurdle and the higher-end of the Bollinger Bands on the daily chart.
Market experts believe that small-caps hold promise from a long-term perspective, provided investors do their homework diligently
Nifty Media index seen testing the 200-DMA hurdle after December 2024; that apart the index eyes breakout on the weekly scale as well. Here's a technical outlook on the index and 3 key media stocks.
Market outlook: Amid the ongoing conflict in West Asia, surging crude oil prices could pose risk to India's economic stability, Smallcaps preferred over midcaps: PGIM
Technical charts suggest that midcap stocks such as APL Apollo, Exide Industries, Grindwell Norton, Fortis Healthcare and Lupin may trade with a weak bias in the near-term.
The Nifty MidCap index can slip another 4%, or extend the fall towards 19,600; hints the technical chart. The SmallCap index is yet to confirm a downside breakout.
Stock market outlook: Several risks remain underappreciated or insufficiently priced, including high valuations and earnings downgrade risk in Indian equities, cautions Ashwin Patni of Julius Baer
Stock market outlook: As the pent-up demand-led stock market rally faces downside risks, analysts at Nuvama Institutional Equities share their investment guide for an ageing bull market
The Baltic Dry Index now quotes at a 8-month high. Technical charts hint at a potential 36 per cent upside for select shipping stocks like SCI, Dredging and Seamec. Details here
Technically, the near-term bias for the Nifty is likely to remain favourable as long as it holds above 24,512; below which the index can slip another 2 per cent to test its 200-day moving average.
After two consecutive quarters of selling, foreign institutional investors (FIIs) are set to close the three months ended June with inflows
Nifty outlook: A fresh trigger is needed for the index to decisively surpass the 25,200 hurdle, analyst says
Market outlook: Several factors have been driving the sustained strength in the markets - supportive policies, significant infrastructure investments, and overall economic growth
Nifty key levels: Positional trend remains bullish with support seen in the band of 24,900-25,000. The 25,200 level could offer resistance
Technical chart shows that the Nifty Bank has near resistance at 57,000 levels; above which the index can potentially rally past the 60,000-mark. Here are 5 banking stocks that can potentially rally.
Motilal Oswal sees upside in UltraTech Cement and JK Lakshmi Cement as they expect a strong profit and margin growth over FY25-FY27
Indian benchmark stock indices, the Sensex and the Nifty have been consolidating for the last seven weeks; Will the RBI jumbo rate cut trigger an upside breakout? Here's what the charts say.
HDFC Bank, Bajaj Auto, Eicher Motors, L&T Finance and Prestige Estates can potentially rally up to 26% from present levels, indicate technical charts.
Technical chart shows that the prospects for Adani Green Energy are more favourable compared to Adani Enterprises and Adani Power.