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.
At current levels, the NSE Nifty is on course to log its longest (9th) weekly losing streak since April 2001, shows market data. Technical analyst expect support around the psychological 22,000-mark.
Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.
Technical analysts flag that the HDFC Bank stock rebounded after forming a base around ₹680 in September. Jatin Gedia and Drumil Vithlani expect support for the stock in the ₹710-680 zone.
Stocks to buy today by Angel One: Hitesh Rathi is bullish on GE Vernova, Cyient and Graphite India. He flags 22,200-22,000 as all-important support band, and hurdle at 22,550-22,600 for Nifty.
Stocks to buy today: IDBI Bank has moved above both its 50-day EMA, which indicates that the near-term trend is turning positive, says Sachin Gupta of Choice Broking.
Ajit Mishra reckons that the near-term structure of the market remains weak. The analyst sees strength in Engineers India, and weakness in ONGC on charts.
Tech analyst at Mirae Asset Sharekhan and SAMCO Securities flag 22,000-22,500 range as key support for Nifty in the short-term, and caution of further weakness in Bank Nifty in the H2FY27 outlook.
On the broader market outlook, Jatin Gedia of Teji Mandi expects the Nifty to consolidate within 22,500-22,800 band for now.
Stocks to buy today: Kunal Kamble, technical analyst at Bonanza Sona BLW stock has broken out of the falling channel that capped the price movement through August and September.
Kaynat Chainwala of Kotak Securities reckons that the MCX Crude Oil is showing a cautious-to-bearish setup on the 4-hour chart after facing resistance near ₹9,280-9,300 levels.
Stocks to buy today: Chandan Taparia of Motilal Oswal flags formation of a 'bullish' candle, and respect of the 50-DEMA support as the key positive factors for Paytm stock on technical charts.
Crude oil flows from the Strait of Hormuz have increased to average above 10 mbpd as per the shipping tanker tracker data.
The Nifty cracked 1.4% to a low of 22,807.55 on Monday, reaching within striking distance of its 200-week moving average at 22,607. The index last closed below the 200-WMA in June 2020, shows chart.
Shares of IFCI and New India Assurance surged up to 53% in the last two months, only to erase gains amid the NSE IPO launch. Tech analysts decode strategy in these two stocks.
Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Stocks to buy: Chandan Taparia of Motilal Oswal is bullish on Bandhan Bank and Sona BLW Precision Forgings.
India's first mineral exchange, which would create a transparent, electronic delivery-based trading platform for minerals, is likely to be registered and operationalised by the next financial year, according to a top government official. This comes after the mines ministry's notification of the Mineral Exchange Rules, 2026 in June. The exchange would create a transparent, electronic delivery-based trading platform for minerals, facilitate market-based price discovery and reduce information asymmetry between producers and buyers. "We expect to register and operationalise the first Mineral Exchange by the next financial year. Work on the registration of the exchange is currently under way," Mines Additional Secretary Veena Kumari Dermal said during 60th Annual General Meeting of Federation of Indian Mineral Industries (FIMI). The ministry notified the Mineral Exchange Rules in June to create a state-of-the-art platform with transparent price discovery and standardised quality ...
Shrikant Chouhan, Head of Equity Research of Kotak Securities explains why the analyst is bullish on LIC and Axis Bank.