Short build up is seen in the Nifty Futures, where Open interest rose by 17 per cent along with price fall of 1 per cent, said Nandish Shah, technical research analyst at HDFC Securities.
Technical charts show that ITC, Godfrey Phillips, Jubilant FoodWorks, AWL Agri Business and United Breweries are trading in oversold zones based on the 14-day RSI parameter.
Defence related stocks have rallied up to 5% this year. Sachin Gupta of Choice Broking believes that there is pre-Budget optimism, and projects up to 12% upside in 5 shares based on technical charts.
Technically, the term 'Death Cross' means that the 50-DMA has slipped below the 200-DMA. Chart shows that LIC stock now trades below both the key moving averages.
Vinay Rajani of HDFC Securities says Divis Labs share price has broken out from the box pattern on the daily chart with the primary trend of the stock staying bullish
Analysts at JM Financial have maintained 'ADD' rating on Dixon Technologies and Indian Energy Exchange; while Nomura retained 'BUY' on Dixon. Here's how these 2 beaten-down stocks are placed on charts
Stocks to buy, Jan 6: Shrikant Chouhan said that the financial profile of Axis Bank has improved steadily while Oil and Natural Gas Corporation's outlook continues to improve
EIH stock has witnessed the formation of 'Death Cross'. ITC Hotels, EIH Associated Hotels, Taj GVK and Mahindra Holidays have also seen the similar bearish formation in the recent past.
Nitant Darekar of Bonanza believes that railway stocks present a compelling investment opportunity, and merit accumulation for investors seeking infrastructure exposure ahead of Budget 2026.
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