Page 2 - Market Technicals

Groww, Nazara, HCL Tech: Choice Broking is bullish on 3 stocks; here's why

Stocks to buy today: Sachin Gupta, VP - research , Choice Equity Broking, recommends three stocks to buy today, namely Groww, HCL Tech and Nazara Technologies.

Zensar, HCL Technologies rebounded from 100-month EMA support, says analyst

Virat Jagad, technical research analyst at Bonanza, flags that HCL Technologies and Zensar Technologies witnessed buying interest at their respective 100-month exponential moving averages on the chart

Nifty conquers 20-DMA, now eyes 50-DMA breakout at 23,500: Tech analysts

Nandish Shah of HDFC Securities expects the 22,776-22,800 resistance band to now act as immediate support, and sees near resistance in the 23,100-23,150 range.

Breakout stocks: Bonanza picks Jindal Saw, BHEL, Allied Blenders

Stocks to buy today: Kunal Kamble, senior technical research analyst at Bonanza, has recommended three stocks: Jindal Saw, BHEL and Allied Blenders and Distillers.

Nifty faces 22,850 hurdle; analyst recommends BHEL, HAL, IndiGo for trade

Ajit Mishra of Religare Broking has reiterated a cautious stance on Nifty, with 22,850, coinciding with the 20-DEMA, acting as the immediate hurdle. He has recommended HAL, IndiGo and BHEL for trade.

Short-covering rally may take Nifty to 23,000-23,150, says analyst

Nifty outlook today: Jatin Gedia of Teji Mandi Investment said that if the Nifty surpasses the immediate hurdle at 22,800, it could trigger a short-covering rally towards 23,000-23,150.

Nifty's 200-day moving average sounds alarm as market breadth thins

Only 10 Nifty 50 stocks traded above their 200-day moving averages on Wednesday, down from 38 in January, signalling weakening market breadth despite movements in the benchmark index.

Vinay Rajani favours buy-on-dips in Nifty; bets on HAL, Karnataka Bank

Vinay Rajani of HDFC Securities has recommended buy-on-dips in Nifty, as support has shifted higher to 22,580, followed by 22,300. Besides, he has also shared a bullish view on HAL and Karnataka Bank

Technical view: Chandan Taparia bullish on HAL, Shriram Finance & 1 more

Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.

Nifty weekly expiry in focus; Analysts decode charts, derivatives positions

Based on the options data, on Tuesday the focus will be on the 22,250-22,500 range owing to Nifty's weekly expiry, says Dharmesh Bhatt, Head-Derivatives Research at Systematix Institutional.

Happiest Minds among 3 stocks with bullish trend on tech charts: Geojit

Stocks to buy: Anand James of Geojit Investments Ltd has recommended three stocks to buy today - Happiest Minds, IMFA, and Brigade Enterprises.

3 bullish stocks to track: Glenmark Pharma, Karur Vysya Bank and Go Digit

Choice Broking analyst Sachin Gupta has recommended three stocks to buy today in cash: Glenmark Pharma, Go Digit and Karur Vysya Bank.

Angel One: Nifty's technical setup remains weak; Trent among 3 stock ideas

From a technical perspective, the 22,200-22,000 zone emerges as a crucial support threshold, and any decisive breach below this range could weaken the near-term market structure further.

Analysts caution TCS pullback may be short-lived; flag key levels to track

Hitesh Tailor, technical analyst at Choice Broking flags that the TCS stock trades below key EMAs on the daily and weekly charts, and expects strong resistance between ₹2,250-2,330 levels.

Will Nifty register its 9th straight weekly loss? Here's what analysts say

At current levels, the NSE Nifty is on course to log its longest (9th) weekly losing streak since April 2001, shows market data. Technical analyst expect support around the psychological 22,000-mark.

Indian Hotels, NALCO among Ajit Mishra's 3 stock recommendations for today

Nifty fell 0.76 per cent as RBI's rate hike, higher inflation outlook and global macro risks weighed on sentiment.

RBA, Black Box, Tata Steel: Jatin Gedia shares 3 stock ideas for today

Nifty's near-term trend remains positive as an inverted head-and-shoulders pattern points to a possible move towards 23,000-23,080.

Axis, AU Bank, PNB: Brokerages identify 5 bank stocks after RBI hikes rate

Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.

Vinay Rajani of HDFC Securities bullish on Shipping Corp & one other stock

Immediate resistance for Nifty 50 is placed at 22,875, followed by 23,080. On the downside, support has shifted higher to around 22,550.

Nifty may move towards 22,900, says MOFSL; shares 3 stock ideas

Nifty has to hold above the 22,700 zones for an upside move towards 22,900, then 23,000 zones, while support can be seen at 22,600.