Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
Among individual stocks, Vinay Rajani the technical & derivative analyst recommends to Buy Ircon International and ABFRL.
According to Ravi Nathani, an independent technical analysts, the Nifty Metal Index is exhibiting a range-bound trade, whereas the FMCG index presents a 'Sell on rise' opportunity.
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.
The MCX Gold June futures could dip to Rs 58,300 or lower, in case the support at Rs 59,750 gets violated; Pivot point for Silver is Rs 74,850.
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
In case the Nifty faces resistance at 17,858, Ravi Nathani recommends adopting buy on dips strategy with support around 17,610 and lower levels.
Nandish Shah recommends to Buy Canara Bank 290 Call option and simultaneously Sell 300 Call of the April series.
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
FMCG stocks may rise up to 17% once the index hits a new all-time high
If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.
Technical analyst Ravi Nathani says the best trading strategy for near-term traders would be to sell Nifty Bank on rallies, with a stop-loss of 41,364
These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
Technical analyst Ravi Nathani expects the NSE benchmark index to consolidate in 17,150 - 17,850 range
An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts