Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to Buy Mahanagar Gas and Dr.Reddy's Labs.
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
The short-term bias for Nifty Midcap 50 index is likely to remain negative as long as the index remains below 8,786.
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.
Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
The technical analyst sees 17,315 as a critical support level for the near term.
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
The weekly F&O data also highlights significant build-up in open interest at the 17,700 Put, suggesting likely support at this level.
Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts