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
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 Nifty financial services index is poised to rally in the direction of 20,700 - 20,900 level, delivering an upside of 5 per cent.
The NSE Nifty 50 on Wednesday scaled a new high after 142 trading days. The average swing returns since 2018 are 32.8 per cent suggesting an upside target beyond 22,000-mark.
The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value
Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.
IndiGo's market cap hit Rs 97,921 crore in intra-day trade on Tuesday and was less than 2 per cent from hitting the milestone.
The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.
Closing Bell on June 23, 2023: Among sectors, the Nifty Metal index fell 2.5 per cent, followed by the Nifty Media index (2.13 per cent), the Nifty IT index (0.89 per cent)
Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts