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
Indian benchmark stock indices, the Sensex and the Nifty have been consolidating for the last seven weeks; Will the RBI jumbo rate cut trigger an upside breakout? Here's what the charts say.
Nifty trading strategy: With a likely trading range mentioned above for the coming week, a Short Strangle strategy could be an effective way to capitalize on expected consolidation
Stocks with the sharpest EPS downgrades included IndusInd Bank, Adani Enterprises, Eicher Motors, ONGC, and Tata Motors, according to JM Financial
Foreign Institutional Investors long-short ratio in index futures now stands at the lowest point in two months; implying the presence of 5 sell-side bets for every long position, shows NSE F&O data.
The Nifty has hit a new high in each of 5 occasions post formation of 'Golden Cross' on the daily chart since 2019, clocking an average gain of 24.4%; shows historical study.
Stock Market Outlook: The valuations of the Indian market and of most sectors and stocks are quite rich and well above fair values, cautioned Sanjeev Prasad of Kotak Institutional Equities
Weekly Market Outlook: The BSE Sensex may trade in the 80,600 - 82,300 range this week, the BSE benchmark could surge to 83,770 levels in June; suggests technical chart.
Stocks to Buy Today, May 28: Cholamandalam Investment stock has formed a bullish 'cup and handle pattern' near the all-time high zones, suggesting upside
Nifty Trading Strategy, May 28: Nifty share price has been finding it difficult to cross the 25,116-resistance and continues to remain choppy. Among stocks, MOIL, Crompton Greaves look bullish
Stock market weekly outlook: Technical charts indicate that the bias for the Sensex and Nifty is likely to remain positive as long as the indices sustain above 80,250 and 24,380, respectively.