Sudeep Shah of SBI Securities flags that the Adani Ports stock has broken out above the downward sloping trendline on the daily chart.
Technical analysts believe that the Sensex and Nifty can extend their rally in the near-term, with indices closing above the short-term moving averages, and positive cues from momentum indicators.
Analysts at Choice Broking flag that Crompton Greaves has taken support around its multi-year horizontal support zone of ₹190-₹200, with momentum indicators supporting a potential reversal.
Ajit Mishra says that Nifty's inability to sustain above the 20-DEMA, keeps the near-term outlook cautious. Flags higher-high, higher-low pattern on Bharti Airtel for his positive stance.
Stock market outlook: Jatin Gedia of Teji Mandi expects the pullback in Nifty to continue citing positive cues from the daily and hourly momentum indicators.
Nifty rollover to the November series was below its three-month average, and the cost of carry also declined, said Dharmesh Bhatt of Systematix Institutional Research.
Stocks to buy: MCX has formed a bullish candle, reclaimed the 50-DEMA and started making higher highs, indicating renewed buying interest, explains Chandan Taparia of Motilal Oswal.
Vinay Rajani of HDFC Securities believes that a sustained move above 22,800 could clear the 20-DEMA resistance and open the way for Nifty toward the next resistance at 23,175.
Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone.
Stocks to buy: Anand James of Geojit Investments flags the formation of a 'Morning Star' pattern on TD Power stock chart near this support, strengthening the possibility of a near-term reversal.
Nifty 22,500 remains a crucial juncture, a decisive breach below this level could accelerate the decline towards 22,200 on intermediate basis, says Osho Krishan of Angel One.
Stocks Ideas: Chennai Petro is showing signs of recovery after recent volatility, with the share price sustaining above its 50-EMA, says Sachin Gupta of Choice Broking.
The NSE Nifty on Friday marked the 160th trading day below its long-term average, the longest time period since January 2012. The index has been quoting below its 200-DMA since February 27, 2026.
Nandish Shah of HDFC Securities reckons that both the Nifty PSU Bank and Nifty Private Bank indices look strong on charts, with the bias more favourable for the former index.
The daily momentum indicator has a positive crossover; however, failure to hold the crucial support zone of 22850-22820 is a concern.
Stocks to buy today: The 22,200-22,400 zone is the next key support area, while the 23,000-23,300 zone is likely to cap the upside during any recovery.
The structural earnings outlook for JSW Steel remains positive given it's focus on cost optimization, captive raw material integration, and scale expansion, says Shrikant Chouhan of Kotak Neo.
Anand James, Chief Market Strategist, Geojit Investments explains that NCC is showing early signs of a recovery, with the stock breaking above its declining trendline on charts.
NTPC stock is showing early signs of a potential reversal, as it trades near its long-term support (200-week EMA) on the charts, says Sachin Gupta of Choice Broking.
Stocks to buy today: In terms of levels, the 23250-23300 band is an immediate hurdle, followed by a stronger resistance at the 23450-23500 zone.