Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA
Selective automobile stocks may soar up to 15%, show charts
Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for both Nifty Energy, and Commodities indices
if the Nifty Midcap index succeeds to absorb selling pressure emerging at current level of 33,000 mark, the probability of breaking out over the previous historic peak of 33,245 becomes more plausible
few selective stocks, like Gland Pharma, PVR INOX, Siemens, Upl and JK Paper may continue to slide lower demonstrating a bearish engulfing sentiment, show technical charts
The Nifty Auto index is expected to underperform in the near future, and the current rally provides an opportune moment to sell the index and its constituents
On the downside, 18,100 is expected to provide support in Nifty
So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent.
If the index manages to surpass 22,480 and 22,650, it could indicate a bullish breakout.
Nifty Bank index may rise up to 2.25% once hits a new historic peak, shows technical charts
A stoploss of 18,500 will help limit potential losses in case the index moves against the anticipated correction
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index can dip towards the 23,000 level, while Commodities index could test 5,605 on the downside.
Technically, State Bank of India's shares are well placed above the breakout mark of Rs 565 from a short-term to medium-term perspective.
Major stocks in fertlizer sector continue to trade with bullish bias, as their chart structures denote feasible upside.
Meanwhile, charts suggest that Nifty Realty and Media indices are experiencing a phase of consolidation says Ravi Nathani, an independent technical analyst.
Coal India, Hindustan Aeronautics and GAIL (India) have chart structures suggesting further upside of up to 20%
When Nifty Realty index hits a new 52-week high, the next positive rally shall aim at setting a new all-time high
According to Ravi Nathani, an independent technical analyst, the charts are indicating a likely range-bound trade on the Nifty PSU Bank index.