Page 64 - Technical Charts
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
 "MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420")
Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
 "Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani")
Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'
Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.
 "Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'")
Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks
According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.
 "Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks")
Realty check: Brigade, Phoenix Mills can rally up to 14%; Indiabulls weak
Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.
 "Realty check: Brigade, Phoenix Mills can rally up to 14%; Indiabulls weak")
HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates
The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
 "HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates")
Pivot point at 50,350 for MCX Gold this week; Silver may see volatility
The bears are likely to have the upper hand as long as MCX Gold futures trade below Rs 50,350 this week; Near resistance on the upside is seen at Rs 50,900.
 "Pivot point at 50,350 for MCX Gold this week; Silver may see volatility")
Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos
The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.
 "Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos")
F&O Strategy: Nandish Shah recommends Bull Spread on Bata India
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
 "F&O Strategy: Nandish Shah recommends Bull Spread on Bata India")
Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
 "Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil")
Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
 "Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why")
Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say
After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them
 "Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say")
MCX Crude Oil may turn rangebound; Natural Gas tests key support at Rs 520
The MCX Crude Oil futures are likely to trade in a broad range of Rs 6,900 - Rs 7,770 in the near term. Natural Gas futures can pullback to Rs 580, is support at Rs 520 is sustained.
 "MCX Crude Oil may turn rangebound; Natural Gas tests key support at Rs 520")
Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty
On the broader market outlook, the technical analyst from HDFC Securities says that the indicators and oscillators have turned bearish on the short term charts for the Nifty 50.
 "Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty")
TCS needs to breakout over Rs 3,150-level for fresh rally, chart says
There is an "Inverse Head and Shoulder" pattern getting established on the daily chart. Technically, this pattern breakout over Rs 3,150 levels would add aggressive bets on the stock.
 "TCS needs to breakout over Rs 3,150-level for fresh rally, chart says")
Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why
According to the technical analyst from Anand Rathi, CAMS can rally to Rs 2,700, while Pfizer can be bought for a target of Rs 4,700.
 "Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why")
Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key
There is a bullish formation of a "Higher High, Higher Low" pattern on the daily chart, and only if the stock breaks the 200-DMA the trend could turn negative.
 "Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key")
Vedanta, JSW can soar up to 18% as Nifty Metal eyes 'Golden Cross' breakout
The Nifty Metal index can rally up to 11 per cent following the breakout. Among individual stocks, Tata Steel needs to conquer its 200-DMA to gain strength.
 "Vedanta, JSW can soar up to 18% as Nifty Metal eyes 'Golden Cross' breakout")
Support for Gold moves higher to Rs 50,800; MCX Silver may test Rs 63,900
The MCX Silver futures were seen testing the 200-DMA after a gap of almost six months and could move to Rs 63,900-level in the near term.
 "Support for Gold moves higher to Rs 50,800; MCX Silver may test Rs 63,900")
Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels
ICRA and CRISIL have gained up to 22 per cent so far this year, while Care Ratings has been a underperformer, down 14 per cent.
 "Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels")