Page 27 - Stock Calls
Nifty IT shows bearish signals with room for more corrections; details
The Nifty IT Index has shown signs of weakness, recently experiencing a breakdown on the charts.
 "Nifty IT shows bearish signals with room for more corrections; details")
Chandan Taparia of MOFSL recommends buying these two stocks today
City Union Bank stock opened with a gap up and sustained its bullish strength which suggests strong bullish sentiment.
 "Chandan Taparia of MOFSL recommends buying these two stocks today")
Nifty Fin Services, PSU Bank: Check support, resistance & other key levels
The Nifty Financial Services Index has recently shown a positive breakout from its consolidation phase, with a strong close above 23,911.
Buy on dips advised for Nifty50 as index moves into this key tech formation
The Nifty 50 Index appears to be approaching a bottom formation in the near term, signaling that a further downside move seems unlikely
 "Buy on dips advised for Nifty50 as index moves into this key tech formation")
Jigar S Patel of Anand Rathi recommends buying these three stocks on Oct 21
BEML Ltd. has recently formed a triple bottom pattern near its 200-day Exponential Moving Average (DEMA), indicating strong support at this level
 "Jigar S Patel of Anand Rathi recommends buying these three stocks on Oct 21")
Tube Investments, HDFC Life; top stock picks by Rajesh Bhosale of Angel One
HDFC Life had already shown a bullish breakout on the weekly chart but consolidated within a rangedue to subdued market conditions
 "Tube Investments, HDFC Life; top stock picks by Rajesh Bhosale of Angel One")
Gold may continue to trade with positive bias; Buying dips best strategy
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
 "Gold may continue to trade with positive bias; Buying dips best strategy")
Silver may get dragged down with industrial metals; Dip buying preferred
Silver is expected to trade with a positive bias in near-term on the US presidential election uncertainties, healthy ETF inflows, and strong demand in India amid geopolitical tensions
 "Silver may get dragged down with industrial metals; Dip buying preferred")
Nandish Shah of HDFC Sec suggests 'Bear Spread' strategy on Bank Nifty
Short build up is seen in the Bank Nifty Futures, where we have seen 6 per cent rise in the open interest with Bank Nifty falling by 1 per cent.
 "Nandish Shah of HDFC Sec suggests 'Bear Spread' strategy on Bank Nifty")
Nifty Metal, FMCG approaching key support levels; trading strategy here
The Nifty Metal Index has been experiencing a downward trend in the near term, as indicated by the recent sharp correction.
 "Nifty Metal, FMCG approaching key support levels; trading strategy here")
Crude Oil: Here's your trading strategy for October 17; target price & more
Crude oil prices have been steadier on Thursday around $70.50/b in Asian hours, ahead of the weekly EIA inventory release from the US.
 "Crude Oil: Here's your trading strategy for October 17; target price & more")
Nifty Auto, Energy indices: Buy on dips suggested; check key levels here
The Nifty Auto Index is currently positioned at a key juncture on the charts, presenting an opportunity for traders to buy on dips.
 "Nifty Auto, Energy indices: Buy on dips suggested; check key levels here")
Gold price today: Trading strategy for yellow metal ahead of China stimulus
If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure
Chandan Taparia of MOFSL recommends buying these three stocks on Oct 16
Oberoi Realty has broken out of a consolidation zone and is headed up with higher-than-average buying volumes
 "Chandan Taparia of MOFSL recommends buying these three stocks on Oct 16")
Vijaya Diagnostic, Mastek; top technical bets by Vinay Rajani of HDFC Sec
Vijaya Diagnostic is placed above all important moving averages. Stock has entered in to bullish momentum zone
 "Vijaya Diagnostic, Mastek; top technical bets by Vinay Rajani of HDFC Sec")
Osho Krishan of Angel One recommends buying these two defense stocks today
HAL has undergone a corrective phase from its peak of Rs 5,659 towards the 200 SMA on the daily time frame chart, coinciding with the previous breakout zone. In the last couple of trading sessions
 "Osho Krishan of Angel One recommends buying these two defense stocks today")
Gold trading Strategy: Avoid large short positions; check key levels here
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
 "Gold trading Strategy: Avoid large short positions; check key levels here")
Silver strategy: Buy the dips; support at Rs 87,500, resistance at 91,500
Surging US Dollar Index and tumbling bond prices are acting as headwinds for the metal as the US rate cut pace has become somewhat uncertain in the short term. Dip buying is preferred.
 "Silver strategy: Buy the dips; support at Rs 87,500, resistance at 91,500")
Buy & Sell, Oct 10; top stock picks by Ajit Mishra of Religare Broking
Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout
Silver price today: Trend bearish; check key support, resistance levels
Silver price today: Silver prices crashed to their lowest level since September 19, on Tuesday, as commodities tumbled on multitude of bearish developments