Pharm index has broken out on upside, with the positive rally anticipated to hit 14,450
While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.
For the S&P BSE Sensex and the Nifty50, the 200-DMA is placed at 60,570 and 17,947 levels.
The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.
Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts
Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%
Life Insurance Corporation of India and Bharat Electronics may see up to 10 per cent rally in coming sessions.
Technical chart of InterGlobe Aviation appears promising, with price action heading towards Rs 2,800. SpiceJet remains underperformer.
Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes
Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark
Any positive development in the travel industry may boost related stocks.
The broader indices lagged in trade on Monday. The BSE Midcap and Smallcap indices ended with losses of 0.9 per cent and 1.9 per cent, respectively
Despite the economy slipping into a technical recession with all the economic activity coming to a standstill for months together, markets registered their best financial year performance in a decade
Asian share markets firmed while bonds held big gains as investors awaited a clear result from the US election, with the likely prospect of policy gridlock seemingly welcomed by Wall Street overnight
Here are contrarian trading strategies at a time when the overall markets are showing signs of weakness
Experts say such investors build large positions when markets are at historical peaks
Investing according to your risk profile will help you stay put when the markets go down, which they inevitably will, says expert
That's the view of Axis Mutual Fund in Mumbai, whose long-term equity portfolio holds 26 percent in consumer discretionary and staples companies