Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Stocks to buy: Chandan Taparia of Motilal Oswal is bullish on Bandhan Bank and Sona BLW Precision Forgings.
Shrikant Chouhan, Head of Equity Research of Kotak Securities explains why the analyst is bullish on LIC and Axis Bank.
Anand James of Geojit Investments identified three stocks Lupin, Akums Drugs and Heritage Foods with a favourable technical set-up on charts at current levels.
Hitesh Rathi of Angel One advocates adopting a strategy where dips in Nifty could be bought into, while rallies towards key resistance zones can be utilised to consider short positions.
Stocks to buy today: Sachin Gupta of Choice Broking sees favourable chart structures for Aditya Birla Capital, Jubilant Foodworks and RBL Bank.
Fintech stocks react to MDR news: Paytm, Pine Labs and One MobiKwik Systems decline up to 13% during the week, recover on Friday. Here's why the tech analyst remains bullish on Paytm and Pine Labs.
Pabitro Mukherjee of Bajaj Broking says that the Nifty is showing signs of a pullback after forming higher highs and higher lows on Thursday, and adds that the key hurdle stands at 23,600 levels.
Amid the downturn, the Nifty Midcap 100 tested its 200-DMA after a gap of five months; presently 58 index constituents traded below the long-term average on the daily charts.
Nifty 50's crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone.
Nifty's recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak.
Tata Communications, PVR INOX and Radico Khaitan are showing bullish technical setups, backed by breakouts, support-based reversals and improving momentum indicators.
Gujarat Pipavav Port, Aegis Vopak Terminals and Tata Investment Corporation are showing bullish technical setups, backed by breakouts, improving momentum and strong participation.
The next important support is placed near 22,700, marked by an upward-sloping trend line.
Till Nifty 50 holds below 23,200 zones weakness could extend towards 23,050 then 22,950 levels while on the upside hurdles can be seen at 23,350 then 23,450 zones.
Black Box and Adani Ports present attractive technical buying opportunities, while the Nifty remains weak but could see a short-term bounce from key support levels.
The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.
Mayank Jain of Share.Market by PhonePe flags key support and resistance levels for wires & cables stocks - Polycab, Havells India and KEI amid market correction post UltraTech's 'Ultravolt' launch.
Stocks to buy today: Kunal Kamble is bullish on three stocks, namely Adani Ports, Pine Labs and Aegis Vopak amid bullish signals on tech charts.