Page 42 - Technical Charts
Nifty at 20K, will the optimism last? Here's what chart suggests
The NSE Nifty may face some resistance around 20,130; above which the index can potentially hit a new all-time high soon.
 "Nifty at 20K, will the optimism last? Here's what chart suggests")
India Cements, Hindustan Copper can rally up to 17%; here's why
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to scale a new all-time high soon.
 "India Cements, Hindustan Copper can rally up to 17%; here's why")
Nifty Financial Services, Private Bank indices look bullish on charts
According to Ravi Nathani, an independent technical analyst, the Nifty Nifty Financial Services index can rally to 20,210, while the Private Banks index could surge to 23,500.
 "Nifty Financial Services, Private Bank indices look bullish on charts")
MCX Gold futures could test Rs 65,000-mark on the upside, chart suggests
Gold futures are up 12 per cent so far this year, and have gained 132 per cent in the last eight years. Chart suggests that bias is likely to remain favourable as long as Gold trades above its 20-MMA.
 "MCX Gold futures could test Rs 65,000-mark on the upside, chart suggests")
Nifty FMCG, Energy indices offer divergent trading opportunities; check why
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index looks bullish on chart and presents a buying opportunity on dips for potential upward movement.
 "Nifty FMCG, Energy indices offer divergent trading opportunities; check why")
Trading strategies for Nifty Banks and Financial Services indices
According to Ravi Nathani, an independent technical analyst, traders can consider the buy on dips strategy for Nifty Financial Services and Private Banks indices. However, the PSU Bank looks weak.
 "Trading strategies for Nifty Banks and Financial Services indices")
Bias for Nifty remains bullish; look to buy on dip, suggest charts
According to Ravi Nathani, an independent technical analyst, substantial resistance for the Nifty can be expected between 20,064 and 20,110.
 "Bias for Nifty remains bullish; look to buy on dip, suggest charts")
Axis Bank, Bajaj Fin can dip up to 7%; GIC Hsg likely to gain, show charts
Meanwhile, SBI looks range-bound on charts, while shares of SBI Cards & Payments can pullback up to 7 per cent from present levels.
 "Axis Bank, Bajaj Fin can dip up to 7%; GIC Hsg likely to gain, show charts")
HPCL, BPCL, IOCL: OMCs rally up to 23% in Nov; will they sustain the gains?
Drop in crude oil prices and a bumper profit in Q2 has fuelled the rally so far in oil marketing companies.
Aarti Drugs, Balrampur: 5 stocks that can surge up to 66% in Samvat 2080
Bayer Cropscience, Granules India and HLE Glasscoat are the other three stocks that can generate healthy returns till next Diwali, based on the existing chart patterns.
 "Aarti Drugs, Balrampur: 5 stocks that can surge up to 66% in Samvat 2080")
Nifty MidCap, SmallCap indices flashing signs of caution
Here's why Ravi Nathani, an independent technical analyst, recommends to book profit in Nifty Midcap 50 and Smallcap 100 indexes.
Time to book profit in Nifty Pharma; Auto index remains bullish
According to Ravi Nathani, an independent technical analyst, stiff resistance for the Nifty Pharma index is anticipated at 15,600 level.
 "Time to book profit in Nifty Pharma; Auto index remains bullish")
Samvat 2080: Volatility ahead; Will Sensex top 72K or test 58K first?
Given the recent consolidation in the market, select key indicators are flashing signs of caution, hence the benchmark indices are likely to be volatile going ahead.
Hold Nifty longs with a stop at 19,276, suggests HDFC Securities
Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy EIH and Doodla Dairy for up to 8 per cent upside.
Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index faces a formidable hurdle between 52,380 - 52,600; a breakout above this range can trigger a fresh wave of buying.
 "Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600")
Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy
According to Ravi Nathani, an independent technical analyst, Nifty Private Bank index can be bought at existing levels, while one should prefer to buy Nifty Financial Services Index on dips.
 "Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy")
DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?
Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels.
 "DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?")
Bank Nifty in pullback mode; breakout above 44,000 can trigger fresh rally
According to Ravi Nathani, an independent technical analyst, technical indicators on the Nifty 50 chart too are showing a positive trend, hence on can consider to buy Nifty on dips.
 "Bank Nifty in pullback mode; breakout above 44,000 can trigger fresh rally")
F&O Strategy: Bull Spread on NMDC for Nov expiry
Nandish Shah of HDFC Securities recommends to Buy NMDC 160 CALL and simultaneously sell 170 CALL of the November series.
Nifty Pharma index needs to breakout above 14,900 for a bullish move
According to Ravi Nathani, an independent technical analyst, the select momentum oscillators on the Nifty IT index have reached oversold zone, thus suggesting a potential rebound in the near term.