Except Voltas and Britannia, others may see selling pressure on every upside.
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
IRCTC has risen over 50 per cent in just eight sessions. Bajaj Finance, YES Bank and Godrej Properties have also rallied in trade since the last few sessions. Here are the trading strategies
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span
Consolidation in Axis Bank may see breakdown if the counter closes below 100-DMA for two consecutive days.
The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.
The overall outlook for the rail-related stocks looks promising.
A technical outlook on Indian oil marketing companies (OMCs) amid US-Iran tensions
A look at what technical charts indicate for these stocks.
Power Grid is continuously trading above 200-weekly moving average (WMA) since June 2014.
For Titan's stock, keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.
Here are the weekly stock recommendations by Religare Broking
The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
Nifty Energy Index has been consolidating in the range of 14,730 - 13,750 since August. The formation seems like triple-bottom and a breakout would mean can take the index to 15,000 mark
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor