The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.
Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses
The technical outlook for Sun Pharma and Maruti remains bullish, while the trend for Bajaj Auto is looking weak on charts. Power Grid, meanwhile, needs to overcome the hurdle of Rs 240 level
On the upside, the MCX Gold December futures can retest it's last week high of Rs 53,200.
The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.
According to the technical analyst from Anand Rathi, Infosys can be sold with a stop at Rs 1,630, while Redington is expected to rally to Rs 178.
SBI has seen long-build in the November series, with a 3 per cent rise in open interest and price so far, says the technical & derivative analyst.
Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.
So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.
On the upside, MCX Crude Oil November futures can jump to Rs 7,250-level, whereas Natural Gas futures can gain momentum above Rs 510-level.
The derivative analyst from HDFC Securities also recommends buying United Spirits November futures for a price target of Rs 940.
The technical analyst from HDFC Securities from HDFC Securities recommends buying JK Paper and Happiest Minds for targets of up to Rs 486 and Rs 1,150, respectively.
NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.
According to the technical analyst from Anand Rathi, Ashok Leyland can potentially break its all-time high at Rs 169.45, while he is also bullish on Lupin.
If IndusInd Bank breaks support at Rs 1,110, the stock can dip to Rs 1,000-mark; Whereas, Ashok Leyland needs to clear its near hurdle at Rs 160 for fresh strength to emerge.
The near-term support for MCX Gold futures now shifted higher to Rs 52,000-level, whereas Silver futures likely to seek support near 200-DMA at Rs 60,800.
Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead
According to the technical analyst from Anand Rathi, Jubilant Ingrevia can rally to Rs 570, while Whirlpool of India can target Rs 1,600 on the upside.
Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.
On the downside, the MCX Crude Oil futures can decline to Rs 7,110-level. On the other hand, Natural Gas futures are likely to test support around Rs 487-level; the bias remains negative.