Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.
According to Ravi Nathani, an independent technical analyst, the current consolidation in Nifty Pvt Bank index is more time-based rather than price-based.
The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.
According to Ravi Nathani, an independent technical analyst, the Nifty 50 is seen consolidating in the 18,500 to 18,900 range.
Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts
According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.
Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%
Meanwhile, the Bank Nifty seems broadly trapped in the 43,500 - 44,000 range, say analyst.
Life Insurance Corporation of India and Bharat Electronics may see up to 10 per cent rally in coming sessions.
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index is expected to face resistance around 52,250 - 52,375 range; and the Pharma index at 13,425.
Technical chart of InterGlobe Aviation appears promising, with price action heading towards Rs 2,800. SpiceJet remains underperformer.
Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday
RCF, GNFC and FACT may rally up to 15% as per their technical charts
When the larger trend is strong, stocks in overbought territory tend to continue perform and stay buoyant in the face of any setback.
These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.
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
Nifty Pharma is weak on hourly charts. Traders should be cautious and sell on every rise, while Nifty Energy Index is in a range-bound phase, says Ravi Nathani
Selective rate sensitive stocks may rise up to 12 per cent