Overall trend of the MRF shares has become lucrative and highly optimistic following decisive rally over the key hurdle of Rs 95,000. The short-to-medium trend is poised for 20 per cent upside.
The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.
Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward
Selective rate sensitive stocks may rise up to 12 per cent
Nifty FMCG is in the overbought zone, indicating that it is expected to trade sideways or experience a timewise or a pricewise correction, says Ravi Nathani
A close below 4,050 in the Nifty PSU Bank index would likely attract profit booking in the near term, says Ravi Nathani, an independent technical analyst.
Every minor correction may see addition of long positions, say experts
Buy Bharat Forge Rs 800 Call option and simultaneously Sell Rs 820 Call of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Stocks setting new 52-week highs demonstrate aggressive chart structures
Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.
Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA
Barring Fsn E-Commerce Ventures and Delhivery, Zomato, Paytm, and PB Fintech may rally up to 19%, show technical charts
Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities, recommends to buy 170 call option of PFC & simultaneously sell 180 call option of June series
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for both Nifty Energy, and Commodities indices
if the Nifty Midcap index succeeds to absorb selling pressure emerging at current level of 33,000 mark, the probability of breaking out over the previous historic peak of 33,245 becomes more plausible
few selective stocks, like Gland Pharma, PVR INOX, Siemens, Upl and JK Paper may continue to slide lower demonstrating a bearish engulfing sentiment, show technical charts
So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent.
Nifty Bank index may rise up to 2.25% once hits a new historic peak, shows technical charts
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
Technically, State Bank of India's shares are well placed above the breakout mark of Rs 565 from a short-term to medium-term perspective.