Market analysts highlight that the Nifty has been consolidating in the 23,800-24,200 range in recent trading sessions, a breakout in either direction could set the trend in July 2026.
Anand James, chief market strategist at Geojit Investments decodes trading strategy in Honasa, MSTC and Lloyds Metal based on the individual chart patterns.
Analysts at Bajaj Broking highlight two key breakouts on Eternal stock chart; one above the falling trend line and other above the 50-day EMA, for its bullish stance on the stock.
Stocks to Buy: Choice Broking Weekly Recommendations, Aakash Shah recommends buy on Welspun Corp, Astra Microwave Products and Jay Bharat Maruti.
Nifty's 100-DEMA around 24,140-24,170 zone is an immediate hurdle; breakout above this can trigger a rally towards 24,500-24,600 levels, says Osho Krishan, technical and derivatives at Angel One.
Analysts at Bajaj Broking said the monthly stochastic rebounded from oversold territory and generated a 'Buy' signal, suggesting a likely positive bias going ahead.
Kunal Kamble, technical research analyst at Bonanza decodes technical charts of Ambika Cotton Mills, Ather Industries and Pearl Global Industries to explain why he is bullish on these 3 stocks.
Market outlook by Ajit Mishra: The analyst from Religare Broking expects Nifty to consolidate in the near-term; among stocks he recommends Delhivery, Ather Energy and Aurobindo Pharma.
Market outlook: Nifty, Bank Nifty likely to extend gains, says Jatin Gedia of Teji Mandi. The analyst recommends buy on AU Bank, Exide Industries and Ramco Cements.
Chandan Taparia of Motilal Oswal Financial Services expects Nifty and Bank Nifty to trade with a weak bias as long as they remain below 23,850 and 57,250, respectively.
In Tuesday's trade, metal stocks led by Vedanta tumbled up to 7 per cent. National Aluminium, Hindustan Zinc, Hindalco and Jindal Steel were the other major losers.
Analysts at Bajaj Broking flag that Religare Enterprises has given a breakout on the weekly chart, with the stock price moving above a falling supply zone line.
Ajit Mishra of Religare Broking believes that the recent pullback in RIL stock is showing signs of recovery, and adds that a breakout above ₹1,380 could signal a trend reversal.
The formation of a 'Doji' candlestick on the Nifty weekly chart reflects indecision between bulls and bears, explains Hitesh Rathi, technical analyst at Angel One.
Defence stocks to buy: Muthuselvaraj of Mirae Asset Sharekhan explains that Paras Defence is showing an uptrend, trading with higher top, higher bottom pattern after breaking from consolidation zone.
Hitesh Tailor, technical research analyst at Choice Broking expects up to 15 per cent additional gains in SBI, Bank of Baroda and Union Bank of India from here.
Stocks to buy below ₹50: Om Mehra, technical research analyst believes that Ola Electric stock can surge another 24% toward the ₹53-₹54 zone; he is also bullish on UCO Bank and Central Bank of India.
Nishchal Jain of Share.Market believes that the 'Golden Crossover' suggests the beginning of a multi-quarter recovery cycle for Fortis Healthcare, Deepak Fertilisers and Deepak Nitrite.
Technical analysts believe that the Nifty can potentially surge to 24,600 from here if it clears hurdles at 23,800 and 24,200-24,300 levels.
Apollo Hospitals, Aster DM Healthcare, Sai Life Sciences have rallied up to 27% thus far in FY27; technical analysts remain bullish on these stocks given the favourable chart set-up.