The formation of a 'Doji' candlestick on the Nifty weekly chart reflects indecision between bulls and bears, explains Hitesh Rathi, technical analyst at Angel One.
Stocks ideas by Ajit Mishra: The analyst from Religare Broking is bullish on Hindustan Aeronautics, Bharat Forge and Union Bank of India.
Kunal Kamble, technical research analyst at Bonanza reckons that Maithan Alloys, Olectra Greentech, Borosil Renewables are displaying a positive chart structure and look poised for further upside.
Technical analysts believe that the Nifty can potentially surge to 24,600 from here if it clears hurdles at 23,800 and 24,200-24,300 levels.
Foray into green energy, data centres and reducing dependence on the oil & gas business augur well for Reliance Industries, says G Chokkalingam founder of Equinomics Research.
Analysts at Kedia Stocks and Commodities Research expect Silver prices to fall to $48.60 levels in the bear-case scenario. On the upside, they expect prices to zoom up to $170 in the next bull cycle.
Technical analysts caution that the short-term trend for Nifty remains weak, and the index could extend the fall toward 22,800-22,700 levels in the coming sessions.
In near-term, the metal is expected to be under pressure unless oil prices come down on sustainable basis
Amid the ₹14,261.41 crore sell-off, Sudeep Shah of SBI Securities believes that FIIs build-up short positions in index futures over the last three sessions, indicating increasing bearish bets.
Axis Securities in its weekly technical outlook and stock picks forecasts up to 17% upside in Varun Beverages, Manappuram Finance and Endurance Technologies.
Om Mehra of SAMCO Securities decodes stock charts of Karur Vysya Bank, DCB and CUB, and shares insights on the likely trend and key levels to watch out for in the near-term.
Nifty50 in the daily chart has formed a small bear candle with shadows in either direction, signalling consolidation amid stock-specific action
Amol Athawale, technical analyst at Kotak Securities believes that M&M Finance is still showing some positive structure; while cautions of a weaker set-up in case of Larsen & Toubro and Hero MotoCorp.
Broader markets defied the benchmark indices as the Nifty Midcap 100 was up 0.10 per cent, and the Nifty Smallcap 100 indices also gained 0.37 per cent
Virat Jagad, technical analyst at Bonanza believes that Vodafone Idea stock is showing signs of base formation but needs to clear the resistance zone of ₹10.5-11 for confirmation.
Maruti Suzuki India stock outlook: Technical analyst at Mirae Asset Sharekhan believes that Maruti can rally over 20% past the ₹15,000-mark, as and when it clears the 38% retracement level.
Eternal stock can retrace up to 61.8 per cent of the preceding fall, implying a potential upside target price of ₹310 in the near-term, explains Muthuselvaraj of Mirae Asset Sharekhan.
A technical breakout on charts, coupled with clear earnings visibility backed by rising order book are among the key reasons why analysts at Geojit are bullish on HFCL share price.
Axis Bank and Paytm opened with a negative gap, dipping up to 8% in Monday's trading session. Angel One's technical analyst warns that this bearish gap may weigh on sentiment at these 2 counters.
Osho Krishan of Angel One believes that Reliance Industries may trade range-bound in the near-term, with strong support at ₹1,300; below which it may face further selling pressure.