Page 81 - Market Technicals

F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance

The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.

Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts

Meanwhile, the market's attention in the next few weeks will shift to the outcome of the Gujarat assembly election and the monetary policy action of the Reserve Bank of India (RBI)

TCS, Tata Coffee: 5 Tata Group stocks that you can bet on for a good return

With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.

Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals

The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.

Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate

The MCX Crude Oil December futures could test Rs 7,100-level on the upside as long as the commodity manages to sustain above the 100-WMA support.

Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.

Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%

The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.

Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX

The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.

Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level

The Rs 51,865-level is the 20-DMA for MCX Gold, below which the next major support is seen at Rs 51,050.

Export quota hike may trigger up to 33% rally in these 3 sugar stocks

Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.

Mehul Kothari recommends to buy Bajaj Finance, Redington; Check Why

The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.

F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro

The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.

After up to 44% rally, charts hint more upside in these mid, smallcap stks

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

Is the bottom near for Nykaa shares? Here's what charts say

Shares of Nykaa have managed to hold ground above its all-time low despite multiple bouts of selling pressure from pre-IPO investors, thus raising hope for the bulls at the counter

MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support

On the upside, the MCX Crude Oil December futures can test Rs 7,200 to Rs 7,400 levels during the consolidation phase.

Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani

The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.

SBI Card, Bandhan Bk: 5 stocks can drop up to 13% if mkt sell-off deepens

Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses

LIC trims stake in large-caps: Check how Sun Pharma, Maruti look on charts

The technical outlook for Sun Pharma and Maruti remains bullish, while the trend for Bajaj Auto is looking weak on charts. Power Grid, meanwhile, needs to overcome the hurdle of Rs 240 level

Here's why Mehul Kothari recommends to Buy Page Industries, Sell TCS

According to the technical analyst from Anand Rathi, TCS can decline to Rs 3,160; whereas Page Industries can witness a sharp rally to Rs 48,500 level.

'Buy the dips' in MCX Gold; Silver needs to hold Rs 60,100, charts show

On the upside, the MCX Gold December futures can retest it's last week high of Rs 53,200.