Page 40 - Technical Charts
Will the Nifty Metal index sustain its upward momentum? Check here
While the Nifty Metal index seems headed towards its crucial resistance zone, select stocks such as Hindalco, Nalco and SAIL still have the potential to rally up to 15 per cent, charts suggest.
 "Will the Nifty Metal index sustain its upward momentum? Check here")
F&O Strategy: Bear spread on Bank Nifty, suggests HDFC Securities
Momentum Oscillators- RSI (11) has fallen below benchmark level of 50, which indicates bearish trend
 "F&O Strategy: Bear spread on Bank Nifty, suggests HDFC Securities")
Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the breadth of the market is very strong as more than 83% of the NSE500 stocks are above their 200-DMAs.
 "Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities")
Nifty FMCG, Metal: Guide to plan your trading strategy
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while the Metal index looks bullish.
 "Nifty FMCG, Metal: Guide to plan your trading strategy")
TV18 Broadcast, TTML, SJVN: 5 stocks under Rs 100 that can rally up to 50%
SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts
 "TV18 Broadcast, TTML, SJVN: 5 stocks under Rs 100 that can rally up to 50%")
Nifty Private Bank index may spurt up to 25,525; Look to buy the dips
According to Ravi Nathani, an independent technical analyst, traders can keep a stop at 22,800 while taking a long position in the Nifty Private Bank index.
 "Nifty Private Bank index may spurt up to 25,525; Look to buy the dips")
RIL, Linde India: Trading strategies for buzzing stocks of the day
Trend among these buzzing stocks remain optimistic, as per their respective charts
 "RIL, Linde India: Trading strategies for buzzing stocks of the day")
Nifty may take support around 19,170; Bank Nifty near 43,600
According to Ravi Nathani, an independent technical analyst, the Nifty can potentially take support around 19,170 - 19,050; Bank Nifty remains rangebound within 43,600 - 45,100.
 "Nifty may take support around 19,170; Bank Nifty near 43,600")
HDFC Bank, Uflex among 5 oversold stocks you should avoid accumulating
The trend among stocks in oversold regions remains highly fragile and could see more downside ahead
 "HDFC Bank, Uflex among 5 oversold stocks you should avoid accumulating")
Nifty Energy, Commodities: Awaiting directional move
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is swinging between 26,650 - 26,080 range; whereas the Commodities index is consolidating between 6,340 - 6,150.
Centum, HAL: Chandrayaan-3 soft landing can see related stks jump up to 15%
Shares related to Chandrayaan-3 may rise up to 15 per cent in the upcoming sessions, as per their respective technical chart patterns
 "Centum, HAL: Chandrayaan-3 soft landing can see related stks jump up to 15%")
BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark
The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.
 "BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark")
Buy Tata Communications, India Glycols, recommends HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band.
Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate
According to Ravi Nathani, an independent technical analyst, the IT index could see a fresh wave of buying enthusiasm on clearing the minor resistance zone of 31,200-31,400.
 "Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate")
Escorts, GIC, Welspun: 5 stocks at 52-wk high may turn multibaggers in FY24
The trend in these stocks remains highly robust, with price action exhibiting strong interest from market participants.
 "Escorts, GIC, Welspun: 5 stocks at 52-wk high may turn multibaggers in FY24")
RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day
Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.
 "RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day")
Nifty in buy on dips mode; Bank Nifty key support seen at 43,300
According to Ravi Nathani, an independent technical analyst, the the ongoing correction has positioned the Nifty in close proximity to its support levels, at 19,200, 19,150, and 19,080.
 "Nifty in buy on dips mode; Bank Nifty key support seen at 43,300")
VIP Ind, NBCC: 5 small-caps to accumulate despite indices staying fragile
Selective small-cap stocks may rally up to 25 per cent, as per their respective charts
 "VIP Ind, NBCC: 5 small-caps to accumulate despite indices staying fragile")
FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?
Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.
 "FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?")
Cipla, Glenmark: Time to accumulate pharma stocks on robust bullish trend?
The current volatility in the benchmark indices offer the ideal opportunity to accumulate pharma stocks around their respective supports
 "Cipla, Glenmark: Time to accumulate pharma stocks on robust bullish trend?")
