Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.
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.
The technical & derivative analyst from HDFC Securities recommends buying NLC India and Karnataka Bank among individual stocks.
On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the Nifty to face resistance at 18,730, and seek support at 18,442.
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.
The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.
The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.
The technical analyst from HDFC Securities from HDFC Securities recommends buying JK Paper and Happiest Minds for targets of up to Rs 486 and Rs 1,150, respectively.
On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
On the broader market outlook, the technical analyst from HDFC Securities says that the indicators and oscillators have turned bearish on the short term charts for the Nifty 50.
Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.
Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.
The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.
The information technology sector (IT), Jefferies believes, remains at significant risk of sell-off if the Nifty were to correct
Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.
Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.
M&M closed with a bullish engulfing pattern on the daily chart with a jump in volumes
The technical analyst from HDFC Securities foresees the next resistance for the Nifty50 index at 18,114.
The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.