Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.
Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024.
The range breakout in both the indices have triggered fresh upside
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
Stock up over 60% in a month on strong sales, asset-light network expansion
Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA
Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates
Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.
Defence related stocks continue to trade in overbought territory, as momentum sees elevated sentiment.
These 5 buzzing stocks may rise up to 15% in the coming sessions
Selective textile stocks are developing robust chart structures
Market rally turning broad based in terms of number of stocks outperforming the benchmark index
The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.
Selective tyre stocks are displaying resilient chart structures, poised to scale higher levels from a medium-term perspective.
Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%
In past two trading days, the stock of Genus Power has rallied 30% after signing definitive agreements with Gem View Investment, an affiliate of GIC, Singapore.
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
Pharm index has broken out on upside, with the positive rally anticipated to hit 14,450
FPI flows are a major contributor to volatility spillovers in various segments of Indian financial market