Mixed Q1 results, the US tariff deadline and significant short bets by FIIs in Nifty futures likely to weigh on the market direction this week; here are the key levels to track.
Stocks to Buy, July 24: Ajit Mishra of Religare Broking suggests buying Ashok Leyland, Bajaj Finserv and Jindal Steel
Delhivery, Tata Chemicals and Indigo are among the top stocks to buy today, says Chandan Taparia
Nikhil Ranka, chief investment officer - equity alternatives at Nuvama Asset Management, says investors could scout for bottom-up mid-caps and small-caps stocks to generate superior returns
Technical chart shows that the Nifty has dipped below its short-term moving averages, and broken below the trend line support.
Analyst at Religare Broking recommends maintaining a cautious stance and focus on stock selection. Tata Power, ITC and are among the top stocks to buy
Nifty broke four sessions of losing streak by rising 113 points to close at 25,195. Ujjivan Small Finance Bank and ITC are the breakout stocks to watch
Analysts at Religare Broking maintain a bullish stance and recommend continuing with a "buy on dips" strategy, with a strong emphasis on stock selection
FMCG sector seems to have bottomed out as many largecap FMCG stocks have turned bullish on the short term charts
NTPC, SRF, Hindustan Petroleum are among the top stocks to buy today, says Chandan Taparia
Analyst recommends maintaining a positive bias while focusing on stock selection. PNB, SAIL and Indus Towers are among the top stocks to buy
Punjab National Bank, Bharat Dynamics and Titan are among the three breakout stocks to watch
Nifty remains in a bullish zone, holding firm above key moving averages. Bank of Maharashtra and Maharashtra Seamless are the breakout stocks to watch
The Nifty can potentially surge another 9% to hit levels of around 28,000-mark in the coming months; among sectors, auto and metal may see up to 20 per cent upside, suggest technical charts.
Nifty Expiry Day: A breakout above the 25,300 level could result in swift short-covering and potentially drive the Nifty towards the 25,450 - 25,500 zone, said Dhupesh Dhameja of SAMCO Securities.
Bias for Sensex this week to remain positive as long as the index holds above 81,500 levels, suggests technical chart.
The BSE Sensex may trade in the 79,600 - 82,600 range this week; technical chart indicates that the bias is likely to remain positive above 79,150 levels. Nifty near support seen at 24,512.
Technically, the near-term bias for the Nifty is likely to remain favourable as long as it holds above 24,512; below which the index can slip another 2 per cent to test its 200-day moving average.
Nifty outlook: A fresh trigger is needed for the index to decisively surpass the 25,200 hurdle, analyst says
Nifty key levels: Positional trend remains bullish with support seen in the band of 24,900-25,000. The 25,200 level could offer resistance