Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
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
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
The short-term bias for Nifty Midcap 50 index is likely to remain negative as long as the index remains below 8,786.
The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles
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.
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
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
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
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
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
The weekly F&O data also highlights significant build-up in open interest at the 17,700 Put, suggesting likely support at this level.
The MCX Gold futures may test near term-resistance around Rs 56,170 - Rs 56,250; whereas, Silver futures may test Rs 64,930 - Rs 65,300.