Looking ahead, a temporary breather cannot be ruled out, with immediate support placed around 24,900-25,000
NTPC, Amber Enterprises, and Tata Consumer are the top picks of Ruchit Jain, head of equity technical research, wealth management, Motilal Oswal Financial Services
Should you bet on sugar stocks ahead of the new sugar season? Technical charts suggest that these 5 stocks can potentially rally up to 25% from here.
The NSE Nifty 50 index has declined 1.5 per cent from its recent high; technical charts suggest the index is likely to remain in buy on dip mode as long as it manages to close above 24,975 levels.
Chandan Taparia, head of derivatives & technicals, wealth management at Motilal Oswal Financial Services, has recommended buying shares of SBI, Tata Steel, and Samvardhana Motherson
Technical charts show that FMCG shares - ITC, HUL, Nestle India, Colgate-Palmolive and Marico were trading near key support levels; a downside breakout can trigger a fall up to 13% from here.
Recent order wins; strong Q1 show has triggered a sharp rally at Netweb Technologies counter. Technical charts hint that the stock can potentially gain another 15% from here.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, has recommended buying shares of ICICI Bank and Zomato (formerly Eternal) today
IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
Technical stock picks: Supreme Industries, Ashok Leyland, and Torrent Power are the stock picks by Kruti Shah, quant analyst, Equirus Securities
Sammaan Capital has shown impressive strength since the beginning of September and, in the latest week, has confirmed a bullish reversal breakout from an Inverse Head and Shoulders pattern
Voda Idea is seen trading consistently above the 200-DMA after a gap of more than 1 year; a weekly close above ₹8.26 shall further strengthen the stock, suggest technical charts.
Technical chart suggests Redington stock can potentially rally to ₹385 levels, implying an upside potential of 27 per cent from here; check key support, resistance levels.
Adani group shares: Adani Enterprises, Adani Ports, Adani Power and other group stocks can potentially zoom up to 32%, hint technical charts; check key levels to track here.
Long build up is seen in the Midcap Nifty Futures where Open interest rose by 6 per cent along with a price rise of 0.60 per cent
IndusInd Bank, PG Electroplast, Five-Star Business, Cohance Lifesciences and Praj Industries have shed 20% in the last 7 months, while the Nifty and Nifty 500 have rallied up to 18%, shows data.
Bharti Airtel continues to display a strong price structure, sustaining its steady uptrend, while SBI has registered a breakout after consolidating in a narrow range for nearly five months
Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.
Apollo Tyres stock is likely to trade with a favourable bias as long as it holds above ₹460 levels. On the upside, the stock can potentially rally up to 14%, suggests the technical chart.
Tata Steel has given a breakout above its resistance zone, confirming a bullish trend, while ABREL has given a breakout from its recent range‐bound movement, signaling the start of an uptrend