Page 69 - Market Technicals
NTPC, Adani Power: Power stocks may surge up to 12% on robust trend
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy
 "NTPC, Adani Power: Power stocks may surge up to 12% on robust trend")
Nifty Financial Services may see correction; PSB index eyes profit booking
Within the range of 19700 to 19425, investors are advised to accumulate the Nifty Financial Services index and its constituents, says Ravi Nathani
 "Nifty Financial Services may see correction; PSB index eyes profit booking")
Over 75% pharma stocks eye breakout; most may see up to 15% upside
Barring, Pfizer, Gland Pharma, and Laurus Labs, all other constituents of Nifty Pharm Index trade over the 200-day simple moving average (SMA),
 "Over 75% pharma stocks eye breakout; most may see up to 15% upside")
Trend bullish for Nifty50, Bank Nifty indices; buy near support levels
Nifty50 and Bank Nifty indices crucial support (immediate) at 19,575 and 45,236; should be bought as the overall trend remains bullish, says Ravi Nathani
 "Trend bullish for Nifty50, Bank Nifty indices; buy near support levels")
How to trade Bajaj Finance and Bajaj Finserv post Q1FY24 earnings?
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached
 "How to trade Bajaj Finance and Bajaj Finserv post Q1FY24 earnings?")
Bank Nifty: HDFC Securities recommends this F&O strategy for 03-Aug expiry
Buy Bank Nifty 45,500 Put option and simultaneously Sell 45,500 Call of the 03-August expiry, suggests Nandish Shah, Sr. derivatives & technical research analyst at HDFC Securities.
 "Bank Nifty: HDFC Securities recommends this F&O strategy for 03-Aug expiry")
Nifty Metal, Energy: Here's how to plan your trade
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is signalling potential correction, while the Metal index remains bullish.
 "Nifty Metal, Energy: Here's how to plan your trade")
M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%
Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.
 "M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%")
Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound
According to Ravi Nathani, an independent technical analyst, given the overbought conditions on Nifty Pharma traders are advised to book profits and adopt a cash position for near- and short-term.
 "Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound")
ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market
The broader trend in the cement sector remains optimistic, price action riding along the overall bullish sentiment
 "ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market")
Tata Motors, L&T: Short-term trading strategies post Q1 results
Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.
Buy Bank of India, Bank of Maharashtra: Vinay Rajani of HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term.
Nifty FMCG looks weak; Metal index likely to face resistance above 6,600
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index has near support at 51,750, below which the index can slide to 50,990.
 "Nifty FMCG looks weak; Metal index likely to face resistance above 6,600")
HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan
The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.
 "HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan")
ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark
While the medium-term outlook remains highly optimistic, the stock may remain choppy in the near-term
 "ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark")
RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos
ICICI Bank remains strong on charts post delivering Q1 results last week
 "RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos")
Nifty, Bank Nifty likely to consolidate in the near-term
According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 - 19,300 levels.
 "Nifty, Bank Nifty likely to consolidate in the near-term")
Demerger done; here's how to trade RIL shares ahead of Q1FY24 results
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
 "Demerger done; here's how to trade RIL shares ahead of Q1FY24 results")
F&O Strategy: Bull Spread on SBI, recommends HDFC Securities
Buy SBI Rs 610 Call option and simultaneously Sell Rs 630 Call of the July series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "F&O Strategy: Bull Spread on SBI, recommends HDFC Securities")
Trading strategies for Nifty Energy, MNCs, Commodities indices
According to Ravi Nathani, an independent technical analyst, all the three indices are presently displaying a bullish trend on charts.