Analysts at Choice Broking flag that Crompton Greaves has taken support around its multi-year horizontal support zone of ₹190-₹200, with momentum indicators supporting a potential reversal.
Ajit Mishra says that Nifty's inability to sustain above the 20-DEMA, keeps the near-term outlook cautious. Flags higher-high, higher-low pattern on Bharti Airtel for his positive stance.
Stock market outlook: Jatin Gedia of Teji Mandi expects the pullback in Nifty to continue citing positive cues from the daily and hourly momentum indicators.
Hindustan Unilever share price swung in a range of 5% after the company reported 4% growth in Q2 consolidated net profit.
Analysts at Motilal Oswal Wealth Management Research Desk are bullish on mid-caps Indian Hotels and Lenskart, and small-caps Symbiotec Pharmalab and Urban Company.
Stocks to buy: MCX has formed a bullish candle, reclaimed the 50-DEMA and started making higher highs, indicating renewed buying interest, explains Chandan Taparia of Motilal Oswal.
Vinay Rajani of HDFC Securities believes that a sustained move above 22,800 could clear the 20-DEMA resistance and open the way for Nifty toward the next resistance at 23,175.
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Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone.
Stocks to buy: Anand James of Geojit Investments flags the formation of a 'Morning Star' pattern on TD Power stock chart near this support, strengthening the possibility of a near-term reversal.
Nykaa offers an attractive combination of category leadership, strong execution, multiple growth levers, and improving profitability, says Shrikant Chouhan, Head of Equity Research at Kotak Neo.
Nifty 22,500 remains a crucial juncture, a decisive breach below this level could accelerate the decline towards 22,200 on intermediate basis, says Osho Krishan of Angel One.
Stocks Ideas: Chennai Petro is showing signs of recovery after recent volatility, with the share price sustaining above its 50-EMA, says Sachin Gupta of Choice Broking.
Nandish Shah of HDFC Securities reckons that both the Nifty PSU Bank and Nifty Private Bank indices look strong on charts, with the bias more favourable for the former index.
Anand James, Chief Market Strategist, Geojit Investments explains that NCC is showing early signs of a recovery, with the stock breaking above its declining trendline on charts.
NTPC stock is showing early signs of a potential reversal, as it trades near its long-term support (200-week EMA) on the charts, says Sachin Gupta of Choice Broking.
Virat Jagad, technical research analyst at Bonanza, flags that HCL Technologies and Zensar Technologies witnessed buying interest at their respective 100-month exponential moving averages on the chart
Nandish Shah of HDFC Securities expects the 22,776-22,800 resistance band to now act as immediate support, and sees near resistance in the 23,100-23,150 range.
Based on the options data, on Tuesday the focus will be on the 22,250-22,500 range owing to Nifty's weekly expiry, says Dharmesh Bhatt, Head-Derivatives Research at Systematix Institutional.
Hitesh Tailor, technical analyst at Choice Broking flags that the TCS stock trades below key EMAs on the daily and weekly charts, and expects strong resistance between ₹2,250-2,330 levels.