Page 48 - Technical Analysis
Gold to remain bullish above Rs 51,600-level; Silver futures await breakout
The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
 "Gold to remain bullish above Rs 51,600-level; Silver futures await breakout")
Key trading levels to watch out on MCX Crude Oil, Natural Gas futures
The MCX Natural Gas futures are likely to trade with a bullish bias for the remainder of the week as long as prices sustain above Rs 709.50.
 "Key trading levels to watch out on MCX Crude Oil, Natural Gas futures")
ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?
Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.
 "ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?")
Upside for MCX Crude Oil may be capped at Rs 9,200 for now
On the downside, the MCX Crude Oil futures may test support near Rs 8,600-level; Natural Gas futures are likely to consolidate with support seen at Rs 600-mark.
 "Upside for MCX Crude Oil may be capped at Rs 9,200 for now")
IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day
The BSE Sensex and the Nifty 50 stand currently 10 per cent higher from the May 2021 levels, and if positive sentiment continues, the market may repeated a similar bull run.
 "IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day")
F&O Strategy: Nandish Shah recommends a Bull spread on ICICI Bank
The technical analyst from HDFC Securities recommends buying ICICI Bank 740 Call and simultaneously selling 760 Call for the June expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on ICICI Bank")
MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
 "MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil")
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Here's why Mehul Kothari is bullish on MCX India, Voltas
According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.
Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest
Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach
 "Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest")
MCX Gold, Silver: Upside seems capped; likely trading range for the week
The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range.
 "MCX Gold, Silver: Upside seems capped; likely trading range for the week")
Bias remains negative for MCX Gold, Silver futures; Key levels to watch out
The MCX Gold futures may slide towards the 200-DMA at Rs 48,840 in the near term; while the broader trend indicates a downside target of Rs 53,000 for MCX Silver futures.
 "Bias remains negative for MCX Gold, Silver futures; Key levels to watch out")
MCX Gold likely to consolidate; Silver futures trade with a negative bias
The MCX Silver July futures are currently trading below all its key moving averages; similarly, MCX Gold futures need to break above Rs 51,870 for further up move to emerge.
Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out
The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.
 "Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out")
MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13
MCX Crude Oil futures can test the 20-DMA in the near term placed at Rs 7,900-odd level.
 "MCX Crude Oil, Natural Gas: Key trading levels to watch out on April 13")
Hindustan Aeronautics trades at all-time high; likely to see 20% upside
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.
 "Hindustan Aeronautics trades at all-time high; likely to see 20% upside")
Ukraine-Russia war: 5 contra bets that can give up to 14% returns
Coal India, GNFC, Cholamandalam, Fine Organic and Hitachi Energy can easily provide up to 14 per cent upside, indicate charts.
 "Ukraine-Russia war: 5 contra bets that can give up to 14% returns")
Bharti Airtel, L&T, M&M among top trading bets ahead of Budget 2022
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
 "Bharti Airtel, L&T, M&M among top trading bets ahead of Budget 2022")
Budget 2022, LIC IPO update can spark up to 11% rally in insurance stocks
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
 "Budget 2022, LIC IPO update can spark up to 11% rally in insurance stocks")
Amara Raja, Minda: How to trade EV-related stocks ahead of Budget 2022?
Budget 2022 can spark much awaited upside in the EV related stocks
 "Amara Raja, Minda: How to trade EV-related stocks ahead of Budget 2022?")