IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
Technical stock picks: Supreme Industries, Ashok Leyland, and Torrent Power are the stock picks by Kruti Shah, quant analyst, Equirus Securities
Sammaan Capital has shown impressive strength since the beginning of September and, in the latest week, has confirmed a bullish reversal breakout from an Inverse Head and Shoulders pattern
Voda Idea is seen trading consistently above the 200-DMA after a gap of more than 1 year; a weekly close above ₹8.26 shall further strengthen the stock, suggest technical charts.
Technical chart suggests Redington stock can potentially rally to ₹385 levels, implying an upside potential of 27 per cent from here; check key support, resistance levels.
Adani group shares: Adani Enterprises, Adani Ports, Adani Power and other group stocks can potentially zoom up to 32%, hint technical charts; check key levels to track here.
Long build up is seen in the Midcap Nifty Futures where Open interest rose by 6 per cent along with a price rise of 0.60 per cent
IndusInd Bank, PG Electroplast, Five-Star Business, Cohance Lifesciences and Praj Industries have shed 20% in the last 7 months, while the Nifty and Nifty 500 have rallied up to 18%, shows data.
Bharti Airtel continues to display a strong price structure, sustaining its steady uptrend, while SBI has registered a breakout after consolidating in a narrow range for nearly five months
Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.
Apollo Tyres stock is likely to trade with a favourable bias as long as it holds above ₹460 levels. On the upside, the stock can potentially rally up to 14%, suggests the technical chart.
Tata Steel has given a breakout above its resistance zone, confirming a bullish trend, while ABREL has given a breakout from its recent range‐bound movement, signaling the start of an uptrend
Nifty has now surpassed the previous swing high of 25,154, resulting in higher top formation preceded by higher bottom on the daily chart.
Angel One has shed 33% from its June high, and the stock has seen formation of 'Death Cross' on the daily chart in recent days; thus signalling likely further weakness at the counter.
Bajaj Finserv combines strong execution, diversified financial engines, and emerging growth platforms, making it a compelling play on India's long-term financialization theme
Data shows that as of date 36 out of Nifty 50 shares, and 314 out of Nifty 500 stocks were trading above the long-term 200-Day Moving Average.
Paras Defence, Midhani were seen trading above the super trend line hurdle on the daily chart, thus implying a likely positive trend going ahead.
Stocks to buy: Astra Microwave Products has shown a strong movement in the last trading session, while Lupin has recently undergone a notable resurgence
Gold outlook: The yellow metal is likely to rise to $3800 (Rs 115,000) in the coming months, with support at $3600, according to Praveen Singh
SBI, SBI Card, Canara Bank, Tata Chemicals and Wipro have witnessed a short-term breakout as per the price-to-moving averages action, shows the daily chart.