Page 14 - Nifty Outlook
Nifty50 index confined within a 400-point trading range, indicates chart
Similarly, the Bank Nifty is seen consolidating in between the 44,764 - 43,781 points range, says Ravi Nathani, an independent technical analyst.
 "Nifty50 index confined within a 400-point trading range, indicates chart")
Support for Nifty shifts higher to 19,480; resistance seen at 19,766
Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Gujarat Alkalies and MSTC.
 "Support for Nifty shifts higher to 19,480; resistance seen at 19,766")
Nifty trapped in 19,300-19,800 range; Bias posiitve Bank Nifty above 43,600
According to Ravi Nathani, an independent technical analyst, Traders can either await a decisive breakout or opt for a riskier approach by shorting near the upper consolidation boundary.
 "Nifty trapped in 19,300-19,800 range; Bias posiitve Bank Nifty above 43,600")
Option Trading Strategy: Bear Spread on Nifty for 12-Oct expiry; here's why
Buy Nifty 19500 Put option and simultaneously Sell 19300 Put of the 12-October expiry, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "Option Trading Strategy: Bear Spread on Nifty for 12-Oct expiry; here's why")
Nifty needs to sustain above 19,550 for bullish bias to hold
Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Union Bank and GSFC.
 "Nifty needs to sustain above 19,550 for bullish bias to hold")
Pivot level for Nifty stands at 19,336, near support seen at 19,600
According to Ravi Nathani, an independent technical analyst, break of 19,336 on the Nifty could usher in a bearish trend.
 "Pivot level for Nifty stands at 19,336, near support seen at 19,600")
Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart
HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.
 "Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart")
Nifty may outperform the broader market in the near term: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Infosys and Sun Pharma.
Hold Nifty Longs with stop loss of 19,400, says HDFC Securities
At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth
 "Hold Nifty Longs with stop loss of 19,400, says HDFC Securities")
Nifty 50: 3 ways in which the index could move, near-term target & more
The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs
 "Nifty 50: 3 ways in which the index could move, near-term target & more")
Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the breadth of the market is very strong as more than 83% of the NSE500 stocks are above their 200-DMAs.
Nifty may take support around 19,170; Bank Nifty near 43,600
According to Ravi Nathani, an independent technical analyst, the Nifty can potentially take support around 19,170 - 19,050; Bank Nifty remains rangebound within 43,600 - 45,100.
 "Nifty may take support around 19,170; Bank Nifty near 43,600")
Nifty Energy, Commodities: Awaiting directional move
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is swinging between 26,650 - 26,080 range; whereas the Commodities index is consolidating between 6,340 - 6,150.
Buy Tata Communications, India Glycols, recommends HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band.
Nifty in buy on dips mode; Bank Nifty key support seen at 43,300
According to Ravi Nathani, an independent technical analyst, the the ongoing correction has positioned the Nifty in close proximity to its support levels, at 19,200, 19,150, and 19,080.
 "Nifty in buy on dips mode; Bank Nifty key support seen at 43,300")
Nifty Bank: A close below 43,700 will trigger fresh round of selling
In such a case, further support for the Nifty Bank index is projected around 43,350, 42,600, and 41,500
 "Nifty Bank: A close below 43,700 will trigger fresh round of selling")
Goldilocks position for Indian equities is getting questioned: Jefferies
Rising crude oil prices, traction in China equities and high inflation concerns are casting a shadow on the road ahead for the Indian equities, believe analysts at Jefferies.
 "Goldilocks position for Indian equities is getting questioned: Jefferies")
Nifty, Bank Nifty likely to consolidate in the near-term
According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 - 19,300 levels.
History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?
Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024.
 "History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?")
Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could trade in the range of 19,612 - 19,819 in the near term.