Nifty outlook: On option front, Maximum Call OI is at 24600 then 24700 strike while Maximum Put OI is at 24500 then 24400 strike.
The 24340 level, where recent swing lows were registered, continues to be the support for the Nifty. On the upside, today's high of 24702 will now act as a short-term resistance level.
Shares of PSU banks have rallied up to 24% thus far in FY26; here's what technical charts suggest for Bank of India, Indian Bank, Bank of Baroda, PSB and Central Bank of India.
Geopolitical developments are a primary driver of market uncertainty. The Trump-Putin talks could either ease concerns over US sanctions on Russian oil or escalate tensions if negotiations falter.
Key growth drivers include India's sizeable underutilised manufacturing base-currently operating at only 20-25 per cent of its ~18GW annual WTG capacity-and strong domestic engineering expertise.
Deal-win momentum continues for Indegene; expect improvement in client-specific issues in FY27.
Technical charts show that SBI and Godrej Consumer shares could possibly rally up to 19% from here; while HPCL, BSE and LIC face up to 11% downside risk.
Technical chart shows that Tata Motors is seen testing the 200-WMA support, a key moving average the stock has broadly held since January 2021.
From the April swing low near 1180 to the June peak around 1700, the Tech Mahindra stock saw a strong rally, followed by a month-long price correction.
Infosys, Adani Enterprises, Cochin Shipyard, IFCI and UCO Bank are technically trading in the oversold zone, as per the RSI indicator; charts hint up to 23% downside risk for these 5 stocks.
MSCI Global Standard Index Inclusion: Swiggy, Vishal Mega Mart, Hitachi Energy and Waaree Energies look favourably placed on charts; may see up to 29 per cent upside form here.
Gold faces a strong resistance at $3420 (₹102,300 at INR/USD rate of ₹87.43) as posed by the 4-month-old trendline.
Silver rally is primarily being driven by risk sentiments as expectations of rate cuts buoy the risk assets. Another supporting factor is healthy ETF inflows.
Long build up is seen in the Bank Nifty Futures where Open interest has risen by 2 per cent along with price rise of 0.10 per cent
The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.
Post a long period of underperformance, Asian Paints shares have started forming a 'Higher Top Higher Bottom' structure on the daily chart.
Markets remained volatile on Wednesday and ended lower amid mixed cues. After a flat start, the Nifty oscillated within a range and eventually settled near the lower end at 24,574.20.
These three rate-sensitive stocks across auto, bank and realty sectors can potentially rally up to 20% in the near-term, suggest technical charts.
Nifty Metal Index has registered healthy running correction from the recent swing high. In international markets, we have seen bullish breakouts in Iron ore commodity.
TVS Motors stock has broken out of a consolidation zone on the daily chart with a strong bodied bullish candle and higher than average traded volumes.