Page 80 - Market Technicals

Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor

Prominent promoters have recently offloaded stake in companies like TVS Motor, GMM Pfaudler via block deals, few others plan to do so in the near future.

Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB

According to the technical analyst from Anand Rathi, Balrampur Chini can rally to Rs 435, while PNB is likely to hit Rs 68.

UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally

The overall trend for asset management shares continues to remain bullish, say charts.

Tech check: Gold to see fresh rally only above Rs 54,400, Silver Rs 68,600

The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.

Sensex can drop to 58,000, Nifty 17,700 if these supports are violated

Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.

MCX can rally to Rs 1,725, CSB Bank Rs 287, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, one can consider to buy MCX Indian in the range of Rs 1,645 to Rs 1,648; while CSB Bank in Rs 264 - 266 band.

F&O Call: Nandish Shah recommends Bear Spread strategy in HAL

The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.

Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz

IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.

Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%

So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.

Nifty needs to close above 18,730 to resume rally, says Vinay Rajani

The technical & derivative analyst from HDFC Securities recommends buying NLC India and Karnataka Bank among individual stocks.

Soaring prices could trigger up to 17% upside in these 5 fertiliser stocks

The overall trend in the fertiliser space remains bullish, with stocks like Chambal Fertilizers & Chemicals, Aries Agro and National Fertilizers indicating strong upside ahead

Here's why Mehul Kothari is bullish on BPCL, Thomas Cook

According to the technical analyst from Anand Rathi, BPCL can rally to Rs 365; while Thomas Cook can jump to Rs 88.

Bulls fancied these 5 auto ancillaries in 2022; charts hint 25% rally ahead

Since July, most of the auto ancillary stocks have geared up with a resolute strength and continue to rally smartly seeking higher ground.

Here's why Mehul Kothari recommends to Buy Garden Reach, Praj Industries

According to the technical analyst from Anand Rathi, Garden Reach can rally to Rs 590, while Praj Industries can bounce back to Rs 412.

Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry

The derivative analyst from HDFC Securities recommends to Buy Bank Nifty 43,500 Call and simultaneously Sell 44,000 Call for the weekly expiry ending on 22-December.

Mehul Kothari expects NLC India, DLF to gain in the near term; check why

According to the technical analyst from Anand Rathi, NLC India can rally to Rs 100, while DLF can jump to Rs 435.

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350

Bias for Silver futures likely to remain bullish, with near support seen at Rs 63,600 followed by Rs 62,500 level.

Will one-licence regime revive trend in insurance stocks? Chart check here

Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.

Mehul Kothari recommends to buy Astral, Voltas

The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.