Page 28 - Stock Calls

Nifty IT faces resistance at 43,200; should you book profits on rise?

The Nifty IT Index is currently displaying signs of nearing a critical resistance level. The immediate resistance level to watch is 43,200

Biocon, PFC, Chambal Fert; top picks by Ajit Mishra of Religare Broking

The pharma sector is showing notable resilience, with Biocon taking the lead. The stock has broken out from a bullish rectangle pattern, accompanied by a strong surge in volumes

These are top three stocks recommended by Chandan Taparia of MOFSL

ICICI Prudential has formed an Ascending Triangle with a Breakout near the ATH Price on daily chart indicating buyers are squeezing out the sellers and are ready for a bullish move

Trading Strategy: Nifty PSU Bank, Private Bank eye breakout; key levels

The Nifty PSU Banks Index is currently range-bound, oscillating between the levels of 7,090 and 6,910. This indicates a phase of consolidation, where the index lacks clear direction

Stocks to Buy: CEAT, Star Health are top picks of Vinay Rajani of HDFC Sec

CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes

Jigar S Patel of Anand Rathi suggests buying these three stocks today

Recently, Allcargo Logistics has formed a bullish Bat pattern, which is a harmonic chart pattern known for indicating potential reversals.

Nifty Financial Services shows bullish trend in near-term; details here

For near-term traders, the optimal strategy is to book profits at current levels, given the proximity to resistance.

Fortis Health hits 52-week high on plans to buy 32% stake in subsidiary

Fortis Healthcare's stock price today surged after the healthcare company said that it will buy the entire 31.52 per cent stake held by private equity investors in the material wholly owned subsidiary

Broader market shows weakness after action packed August; trading tips here

August was an action-packed month, initially marked by sharp declines as prices corrected from 25,000 to 24,000 in just three days

Nifty50, MidCap Select index hit key resistance; should you book profits?

The Nifty Midcap Select Index has recently approached its resistance level at 13,200. This level is likely to act as a barrier to further upward movement, causing the index to halt its rally

SDBL, Hikal among today's top stock picks by Jigar S Patel of Anand Rathi

Between March 2023 and June 2024, Hikal Limited's stock was in a consolidation phase, trading within a relatively narrow range of Rs 260 to Rs 320

Rajesh Bhosale of Angel One recommends buying these two stocks today

On the weekly chart, UPL has confirmed a bullish reversal pattern known as the 'Inverse Head and Shoulders

Nandish Shah of HDFC Securities recommends Bull Spread on Nifty; details

Buy Nifty (September 5 Expiry) 25,200 Call at Rs 140 & simultaneously sell 25,500 Call at Rs 30.

Nifty FMCG shows signs of near term correction; check key levels here

Support levels are crucial in this corrective phase, and for the Nifty FMCG Index, key support levels are identified at 61,180 and 59,500.

Oil strategy today: WTI crude may test support of $72, MCX Crude 6050

Crude oil trading strategy today, Aug 29: Weakness in the crude crack spread is bearish for oil prices

Borosil Renewables, Laxmi Organics among top picks by Anand Rathi for today

Borosil Renewables has recently experienced a significant price decline after reaching its peak near Rs 573, losing around 87 points, which translates to a 15 per cent drop.

Ajit Mishra of Religare Broking recommends buying these stocks on August 29

PFC has registered a decisive breakout from the intermediate falling resistance trendline with strong volumes.

Bajaj Finserv, Lupin, REC: Top picks by Chandan Taparia of MOFSL for today

Lupin stock has breached its previous ATH price of 10 years on the monthly chart with massive buying volumes which suggests very bullish sentiment.

Vinay Rajani of HDFC Securities suggests buying these stocks on August 28

Trend of the Nifty is bullish and long positions should be held with 24,875 stoploss on closing basis. On the higher side, 25,078, 25,300 and 25,500 are the next resistances.

Nifty Bank & Private Bank: Check support, resistance and other details here

The Nifty Bank Index is currently exhibiting a bullish trend on the charts, suggesting a positive outlook for the near term.