Stocks to Buy Today, Feb 24: Currently, Shriram Finace share is hovering near the cluster of its EMAs and 200-DSMA
Weaker dollar, geopolitical concerns over Ukraine peace process, economic and political concerns due to Trump's tariff plans and softer yields are positive for the metal
Silver may decline a bit, though downside is likely to be limited
Stock Market Today: Chambal Fertilisers share price has broken out on the daily and weekly chart to close at an all-time high level
Market is likely to remain range-bound in the near term, adhering to the key Support & Resistance levels established over the past two weeks
Technical charts suggest that microcap stocks such as Cyient DLM, Sansera Engineering, AMI Organics, Aarti Pharmalabs and Medplus Health Services can potentially rally up to 23% from present levels.
UPL stock has recently given a breakout from a long consolidation phase and the declines post the breakout has seen strong buying interest
Cholamandalam Investment has shown strong performance in the financial sector, stabilizing around its 100-week EMA
Technical charts show that key momentum oscillators on - Indian Metals, Chennai Petroleum, Zuari Industries, 20 Microns and Prakash Pipes - from Dolly Khanna portfolio were hinting at a relief rally.
Silver is expected to push higher should gold rise to record highs. The grey metal is up around 15 per cent this year
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
BSE stock price has broken down below its 50 days EMA support. Stock has confirmed lower top and lower bottom formation on the daily chart
Nifty50 is trading near the 22,800 support level, with the broader monthly range observed at 22,500 - 23,500
Sundaram Finance has faced a decent profit booking after peaking at 5,518 in September 2024
Gold is expected to trade with a positive bias as buyers have $3,000 (MCX April gold Rs 88,000) level in focus
As long as Silver continues to hold above $30 (Rs 88,000), we look for a target of $35 (Rs 103,000) in the coming months
The key reference points for Nifty are: Support at 22,750 and Resistance at 23,800
Technical charts of Polycab India, Voltas, KEI Industries and Lodha show the formation of a bearish pattern, namely 'Death Cross' on the daily scale; hence these stocks may see further downside.
SRF stock has taken support and bounced up from its 20 DEMA after breaking out from a consolidation zone
Bharti Airtel has emerged from a consolidation phase, indicating a continuation of its uptrend