Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.
The current volatility in the benchmark indices offer the ideal opportunity to accumulate pharma stocks around their respective supports
Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
Zee Entertainment hits fresh 52-week high post approval by NCLT
Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook
Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.
According to Ravi Nathani, an independent technical analyst, Nifty FMCG index may witness a rebound after finding support at 51,636 and 50,650 levels
While the trend looks fragile, key supports are continuing to bolster the up move
According to Ravi Nathani, an independent technical analyst, support levels are projected at approximately 19,525 and 19,425 for Nifty Financial Services index
OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.
Bajaj-Auto, HIndalco, Dr. Reddy's Laboratories, NTPC, and IDFC First Bank may rally up to 15 per cent, show technical charts
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy
Barring, Pfizer, Gland Pharma, and Laurus Labs, all other constituents of Nifty Pharm Index trade over the 200-day simple moving average (SMA),
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached
Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.
The broader trend in the cement sector remains optimistic, price action riding along the overall bullish sentiment
Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.