Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One believes that the technical set-up of Titan, Kalyan Jewellers and Hindustan Zinc suggests further upside for these stocks.
Bull spread strategies on Bank Nifty and Union Bank call options has been recommended citing short covering, positive technical indicators and improving momentum.
Ajit Mishra of Religare Broking recommends Ashok Leyland, CG Power, and Nalco as top stock picks, noting that short-term momentum has strengthened.
Jatin Gedia of Teji Mandi recommends Tata Capital, PVR Inox, and SAIL as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Kunal Kamble of Bonanza recommends Mphasis, Rico Auto Industries, and Tenneco Clean Air India as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Jatin Gedia of Teji Mandi believes that Bank Nifty and Nifty Realty are in a consolidation phase, while the support zone for the Nifty Auto index moved higher following the recent breakout.
Vinay Rajani recommends Titagarh and Affle India as technical buy ideas, citing breakout patterns, strong volume support and bullish price structures.
Motilal Oswal's Chandan Taparia recommends Hero MotoCorp, Siemens, and Laurus Labs as technical buy ideas, citing bullish chart patterns, breakout formations, and strong sectoral momentum.
Bajaj Broking in its high-conviction stock pick, recommended a 'Buy' rating on Religare Enterprises, citing a breakout on the weekly chart and above the falling trendline.
Shrikant Chouhan of Kotak Securities recommends Kajaria Ceramics and Vedanta Aluminium as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators
Anand James of Geojit Investments recommends Ircon, Aegis Vopak Terminals and Vardhman Textiles as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
The broader technical structure remains confined within the prevailing trading range on the weekly charts, with immediate resistance placed in the 24,500-24,600 zone
Bajaj Finance has witnessed a strong bullish breakout backed by robust trading volumes, reflecting renewed buying interest and improving market sentiment.
Technical analysts flag that Nifty ranged between 23,600-24,600 after the initial rally in FY27; however, select momentum indicators show improvement for the BSE, NSE benchmark indices on charts.
FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.
Technically, the Nifty has reclaimed the immediate resistance zone formed by the 20-day and 100-day DEMA, indicating an improvement in the near-term technical setup.
Only a breach below 24,000 will weaken the structure; otherwise, intraday dips toward the support zone of 24,150-24,180 should be used as a buying opportunity, said Jatin Gedia.
BSE stock has declined over 22% from its record high of ₹4,447 hit in May 2026; Q1 results on August 4. Tech analyst at SBI Securities says stock structure looks weak, flags key near hurdles on chart.
Sun Pharma outlook: Analysts at Bajaj Broking flag a breakout above the monthly consolidation zone and the formation of higher-highs, higher-lows among key reasons for a bullish view on the stock.
The broader trend remains choppy, with Nifty trading below its 20-day and 100-day EMAs and placed above 50 DEMA.