According to Vinay Rajani of HDFC Securities, metal as a sector has been outperforming for a while and technical setup of the metal index is much stronger than Nifty.
According to Mehul Kothari of Anand Rathi, traders can accumulate V-Guard Industries share in the range of 222 - 218 with a stop loss of 210 for an upside target of 236 in coming 1 - 2 weeks.
According to Nandish Shah of HDFC Securities, primary trend is bullish as the stock price is trading above all important short and medium term moving averages.
According to Nandish Shah, the short term trend is bullish as the stock price is closed above all important short- term moving averages.
According to Mehul Kothari, traders can buy PNB on dips near the 40-mark with a stop loss of 36 for upside target of 48 in 3 - 5 weeks.
According to Vinay Rajani, banking as a sector has been outperforming for a while and technical setup of bank index is much stronger than Nifty.
The derivative analyst from HDFC Securities recommends buying January 38,000 Call and selling 38,500 Call of the Bank Nifty based on the following four rationales.
According to Vinay Rajani of HDFC Securities, Nifty has got strong support at 17,944. High of 18,350 registered on Tuesday could act a short term resistance for the index.
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
According to Nandish Shah of HDFC Securities, the stock has broken out on the daily chart with higher volumes to close at highest level since December 10.
Mehul Kothari of Anand Rathi is bullish on Rain Industries and Route Mobile.
Logistics stocks have been showing strength on the medium term charts, according to Vinay Rajani of HDFC Securities.
Mehul Kothari of Anand Rathi is bullish on Brigade Enterprises and Laxmi Organic Industries
Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs
The stock has broken out on the daily chart with higher volumes to close at highest level since December 14.
Vinay Rajani of HDFC Securities recommends that traders hold on to their long positions with 17,640 stoploss for the Nifty.
Pharma as a sector looking good on the short term chart, according to Nandish Shah of HDFC Securities.
Vinay Rajani of HDFC Securities is bullish on Metropolis, Zensar Tech.
Traders are advised to buy MOIL and Shriram Transport Finance on dips near 178 and 1200, respectively.
Short term trend remain bullish as the stock price is trading above its 5 and 20 day EMA.