Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.
Choice Equities' technical research analyst, Aakash Shah, recommends buying Aadhar Housing Finance, Union Bank of India, and Tata Power Limited
Osho Krishan, a senior analyst, technical and derivatives, Angel One recommended buying Rail Vikas Nigam and Torrent Power
Barring geopolitical shocks, spot gold may trade with a slightly bearish tilt ahead of the US ISM data and Index rebalancing.
The Nifty Auto index has zoomed as much as 157.8 per cent in the last four calendar years as against a 50.6 per cent surge in the benchmark Nifty 50, shows data.
ITC stock is seen trading near its 4-year monthly Supertrend line indicator for the first time since September 2021.
Larsen & Toubro stock price has broken out on the daily chart to close at all-time high
Analysts believe that weakening of AI trade, sustained earnings and return of FIIs can drive the BSE Sensex past the 100,000-mark this year.
From a technical standpoint, the Nifty has once again approached the upper end of its prevailing consolidation range near 26,200
Stocks to buy for 2026: Analysts believe that valuations are turning attractive for RECL and PFC along with a healthy dividend yield at play.
Analysts at Choice remain bullish on Mahindra & Mahindra, Marico, and Hindustan Petroleum, assigning 'Buy' ratings to these stocks based on their strong long-term uptrend & solid technical indicators
Bank Nifty has to hold above 59,000 zones for a bounce towards 59,500 then 59,750 zones while on the downside support is seen at 58,750 then 58,500 levels
Decisive close below 50 DEMA would result into positional bullish trend violation in Nifty. On the upside, a level above 26,100-26,150 band would bring back the bullish momentum in the Nifty
Similarly, ICICI Bank and Asahi India too registered a close below the Supertrend line indicator on Monday.
The derivatives data reflects at a cautious and guarded market stance, with Call writers at slight advantage, explains Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.
Devarsh Vakil, Head of Prime Research at HDFC Securities reckons that investors should wait for a 10-15 per cent price correction in Hindustan Copper and Hindustan Zinc.
Analysts believe that valuation comfort coupled anticipated revival in earnings and possible reversal of AI trade offer a better risk-reward scenario for Indian IT firms.
Aakash Shah of Choice Equity Broking's top picks include Tarc, Karur Vysya Bank, and APL Apollo Tubes; check target, stop-loss
Engineers India, NMDC, and Titan Company are among the top stock picks by Rajesh Bhosale of Angel One
RBL Bank Share: The daily chart shows that apart from the 'Triple Top' formation, RBL Bank stock is seen trading near its 20-day moving average for the last one month.