Page 42 - Technical Charts
M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%
Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.
 "M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%")
Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound
According to Ravi Nathani, an independent technical analyst, given the overbought conditions on Nifty Pharma traders are advised to book profits and adopt a cash position for near- and short-term.
 "Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound")
ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market
The broader trend in the cement sector remains optimistic, price action riding along the overall bullish sentiment
 "ACC, Ambuja: 5 cement stocks show rising trend on charts in a choppy market")
HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan
The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.
 "HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan")
ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark
While the medium-term outlook remains highly optimistic, the stock may remain choppy in the near-term
 "ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark")
RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos
ICICI Bank remains strong on charts post delivering Q1 results last week
 "RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos")
Demerger done; here's how to trade RIL shares ahead of Q1FY24 results
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
 "Demerger done; here's how to trade RIL shares ahead of Q1FY24 results")
Trading strategies for Nifty Energy, MNCs, Commodities indices
According to Ravi Nathani, an independent technical analyst, all the three indices are presently displaying a bullish trend on charts.
 "Trading strategies for Nifty Energy, MNCs, Commodities indices")
Zomato, Paytm: New-age stocks hit multi-month highs; is there more upside?
New-age companies may rise up to 29 per cent in the forthcoming seasons as market sentiment improves amid record-breaking run in benchmark indies
 "Zomato, Paytm: New-age stocks hit multi-month highs; is there more upside?")
Jio Financial listing: NBFC stocks must cross key hurdles to resume rally
Listed NBFC stocks are currently facing selling pressure at higher levels, show technical charts
 "Jio Financial listing: NBFC stocks must cross key hurdles to resume rally")
Nifty Pharma, Realty near key resistance levels; Time to be cautious
According to Ravi Nathani, an independent technical analyst, the Nifty Pharma index needs to clear hurdle at 14,150; whereas, the Realty index may show signs of correction by the month-end.
 "Nifty Pharma, Realty near key resistance levels; Time to be cautious")
Suzlon, Mazagon Dock: 75% of Nifty SmallCap stocks trade firm above 200-DMA
Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.
 "Suzlon, Mazagon Dock: 75% of Nifty SmallCap stocks trade firm above 200-DMA")
Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could trade in the range of 19,612 - 19,819 in the near term.
 "Buy GMDC, Rites for gains up to 16%, recommends HDFC Securities")
Nifty Metal looks weak; sell with stop loss at 6,564, suggests chart
Meanwhile, the Nifty FMCG index is expected to consolidate in the range of 53,971 and 52,484, says Ravi Nathani, an independent technical analyst.
Bull-run resumes: Nifty to hit 21,000; Sensex may test 73K in August
The range breakout in both the indices have triggered fresh upside
 "Bull-run resumes: Nifty to hit 21,000; Sensex may test 73K in August")
Fin Nifty needs to clear hurdle at 20,500; Pvt Banks index looks bullish
According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.
 "Fin Nifty needs to clear hurdle at 20,500; Pvt Banks index looks bullish")
Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
 "Infy, TechM: Nifty IT index scales 4-month high, sets eye on 52-week peak")
Suzlon, BSE: 5 Nifty 500 stocks gained over 15% in July, expect more upside
Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
 "Suzlon, BSE: 5 Nifty 500 stocks gained over 15% in July, expect more upside")
TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level
Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA
 "TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level")
Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA
Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.
 "Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA")
