Page 38 - Technical Analysis
Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts
On Monday, the MCX Crude Oil futures were seen trading above the 100-DMA for the first time in more than six months. Sustained trade above Rs 6,350 can help the trend turn favourable for Crude Oil.
 "Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts")
Sensex soars over 1,000 points: Top factors behind Friday's bull run
Analysts, however, remain cautious over sustenance of this recent rebound as markets will face a slew of data driven activity in the coming days
 "Sensex soars over 1,000 points: Top factors behind Friday's bull run")
Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
 "Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
 "Manappuram, MGL: Select small-cap stocks are poised for bigger upside")
Nifty FMCG looks weak; PVT Bank Index likely to outperform: Ravi Nathani
The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.
 "Nifty FMCG looks weak; PVT Bank Index likely to outperform: Ravi Nathani")
Inverse H&S in pharma index could revive a positive bias for short-term
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
 "Inverse H&S in pharma index could revive a positive bias for short-term")
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
Bajaj twins hit new lows every month since November 2022; weakness persists
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
Nifty Midcap 50 in 'Sell on Rise' mode, says Ravi Nathani
The short-term bias for Nifty Midcap 50 index is likely to remain negative as long as the index remains below 8,786.
Nifty Auto likely to rebound, sell Nifty Metal on rise, says Ravi Nathani
The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
 "Nifty Auto likely to rebound, sell Nifty Metal on rise, says Ravi Nathani")
Will the markets regain lost glory in March despite volatility?
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
 "Will the markets regain lost glory in March despite volatility?")
3 Adani group stocks out of ASM, Should you be bullish?
Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles
 "3 Adani group stocks out of ASM, Should you be bullish?")
BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
 "BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs")
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
 "Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani")
RIL, Mphasis: 45 stocks hit fresh 52-week lows; charts show more pain ahead
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
 "RIL, Mphasis: 45 stocks hit fresh 52-week lows; charts show more pain ahead")
Ravi Nathani recommends to buy IT, FMCG stocks on dips; Avoid metals
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
 "IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility")
Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
 "Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise")
Adopt 'buy-on-dips' strategy for Nifty FMCG index, suggests Ravi Nathani
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend
 "Adopt 'buy-on-dips' strategy for Nifty FMCG index, suggests Ravi Nathani")