Page 36 - Technical Charts
Copper, Aluminium at multi-year highs; charts suggest more upside likely
Copper futures topped the $10,000-mark for the first time in 2 years, Aluminium futures quoted at 2-year highs earlier this month; here are the key levels to watch out.
 "Copper, Aluminium at multi-year highs; charts suggest more upside likely")
How to trade F&O stocks with high rollovers in May; check key levels here
Technical outlook on stocks with high rollover to May series: Keep a tab on these key support and resistance levels while trading in these F&O stocks.
 "How to trade F&O stocks with high rollovers in May; check key levels here")
Derivative strategy: Bull spread recommended on SBI for May series
Stock price has broken out on the daily chart with higher volumes to close at all time high levels. Stock price has been forming bullish higher top higher bottom formation on the weekly charts
 "Derivative strategy: Bull spread recommended on SBI for May series")
Nifty Auto, Energy face downward trend on charts: Check key levels here
The Nifty Auto Index, currently trading at 21,896.90, is exhibiting a downward trend on the near-term charts. Given this scenario, the optimal trading strategy would be to adopt a "sell on rise"
 "Nifty Auto, Energy face downward trend on charts: Check key levels here")
These 2 sectoral indices are showing weak bias on charts; check key levels
According to Ravi Nathani, an independent technical analyst, the best trading strategy for Nifty Auto and the Nifty Energy indices seem to be 'sell on rise'.
 "These 2 sectoral indices are showing weak bias on charts; check key levels")
5 Smallcap stocks that will help you mint money in markets on April 24
Stock picks for April 24, Wednesday, based on technical analysis: NCC, Aegis Logistics, GNFC, Manappuram Finance and Castrol India look positive on the daily charts as Nifty SmallCap scales new high.
 "5 Smallcap stocks that will help you mint money in markets on April 24")
Bank Nifty still looks weak on charts; PSU Bank index range-bound
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index is expected to face stiff resistance in the 48,500 - 48,900 range.
 "Bank Nifty still looks weak on charts; PSU Bank index range-bound")
Nifty Fin Services, Nifty Pvt Bank showing signs of rebound, suggest charts
The Nifty Financial Services Index, currently trading at 21,326.50, appears to be poised for a near-term bounce, potentially representing a technical rebound on the charts
 "Nifty Fin Services, Nifty Pvt Bank showing signs of rebound, suggest charts")
Weekly charts reveal a bearish trend for Nifty 50: Here's how to trade
Analysing the Relative Strength Index (RSI) on weekly charts reveals a bearish signal, characterised by a pattern of lower tops and lower bottoms
 "Weekly charts reveal a bearish trend for Nifty 50: Here's how to trade")
Guide to trade in Nifty Pharma, FMCG indices; check what charts suggest
According to Ravi Nathani, an independent technical analyst, the Nifty Pharma index is quoting close to its ley support at 18,325; hence one may consider a buy on dip strategy here.
 "Guide to trade in Nifty Pharma, FMCG indices; check what charts suggest")
Iran-Israel war: NSE Nifty index nears 100-DMA; Key levels to watch out for
The NSE Nifty 50 is seen quoting close to its 100-DMA for the first time in six months amid the rising geopolitical tensions in the Middle East. Here's what the Nifty chart suggests.
 "Iran-Israel war: NSE Nifty index nears 100-DMA; Key levels to watch out for")
F&O strategy: HDFC Securities recommends Bear Spread on Bank Nifty
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 47,000 PUT and simultaneously Sell 46,600 PUT for the April expiry.
 "F&O strategy: HDFC Securities recommends Bear Spread on Bank Nifty")
Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO
Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.
 "Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO")
Nifty IT index likely to rebound, Nifty Auto may weaken; suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is quoting close to its support range of 33,400 - 33,300, with key momentum oscillators in oversold zone.
Stocks to Buy: Here's why HDFC Securities recommends BDL, Escorts
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has reached crucial support zone of 22,000 - 21,000 on the charts.
 "Stocks to Buy: Here's why HDFC Securities recommends BDL, Escorts")
Ola Impact: TVS Motor stock price can slide up to 14%, suggests chart
Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate.
 "Ola Impact: TVS Motor stock price can slide up to 14%, suggests chart")
Nifty Bank, Nifty Financial Services charts signal downtrend in near-term
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index can slide to 47,000 - 46,200 levels; while the Financial Services Index can dip to 20,800 - 20,600 levels.
 "Nifty Bank, Nifty Financial Services charts signal downtrend in near-term")
Suven Pharma stock can surge up to 19% from here; check key levels
Technical charts suggest that Suven Pharma may trade with a positive bias in the near-term, provided the stock manages to hold above these key support levels.
 "Suven Pharma stock can surge up to 19% from here; check key levels")
VIP Industries stock can rally up to 18% from here, technical charts show
Shares of VIP Industries have under-performed its benchmark NSE 250, with a fall of nearly 29 per cent as against a rally of 67 per cent in the last 18 months.
Nifty may have formed a short-term top; momentum indicators turn bearish
According to Ravi Nathani, an independent technical analyst, the Nifty may underperform and seek support around 22,445, 22,365, and 22,250 in the near term.