Mayank Jain of Share.Market by PhonePe flags key support and resistance levels for wires & cables stocks - Polycab, Havells India and KEI amid market correction post UltraTech's 'Ultravolt' launch.
When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.
According to the NSE F&O data, FIIs have net sold index futures worth ₹10,397 crore thus far in the September series; Nifty OI now at 2-month high. Tech analysts flag key support levels on Nifty.
Technical analysts Drumil Vithlani and Ved Anil Gawker flag breakout from consolidation chart patterns on Motilal OFS, CRISIL, City Union Bank and Supreme Petrochem.
Technical analysts flag presence of multiple hurdles in the 24,000-24,200 region for the Nifty; on the downside, they expect immediate support at 23,800.
Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.
Amit Trivedi, technical and derivative research analyst at YES Securities flags key levels to track on MCX India, Ather Energy and Welspun Corp; these stocks rallied up to 39% in August.
Market analysts expect volatility to rise on either side of the market in September based on the F&O and historical market data.
On average, Nifty's monthly trading band expanded to nearly 6%, and up to 12% in the following four months after a range contraction, according to NSE's 3-year monthly data.
HDFC Bank stock is testing its 100-month moving average - an eight-year mean - for the first time in its 30-year history; the ₹700-mark is key support to watch, says technical analyst, Drumil Vithlani
Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts.
Midcap bank stocks - Yes Bank, IndusInd Bank and Bank of India are trading up to 50-94% away from their respective all-time highs even as the Nifty Midcap quotes at new peaks, shows data.
Axis Bank displays a notable structural shift, with its 50-DMA crossing below its 200-DMA, confirming the formation of a classic 'Death Cross' on the daily chart, explains Mayank Jain of Share.Market.
The Nifty August expiry delivered the most constructive positioning setup in four months, with improving rollover, rising carry and broader sectoral leadership, says Systematix in its F&O report.
Gold-financers Muthoot Finance and Manappuram Finance saw a divergence in stock performance primarily due to stock re-rating, says Sunny Agrawal, Head of Fundamental Research at SBI Securities.
Pabitro Mukherjee of Bajaj Broking flags a bullish 'cup and handle' and 'falling trendline' breakout on these smallcap stocks Engineers India and Sagility on the charts.
Godawari Power and Ispat (GPIL) stock is seen trading within a well-defined 'Rising Channel' structure since 2024, highlighting a strong underlying uptrend, says Anand James of Geojit Investments.
Mayank Jain of Share.Market by PhonePe flags the formation of 'Bullish Flag & Pole' on IFCI and Action Construction Equipment charts; a pattern that suggests likely continuation of the prior uptrend.
Hitesh Rathi, Technical Analyst at Angel One reckons that BSE and MCX have witnessed a notable correction in recent months, and the charts now hint at presence of strong support at these counters.
Sudeep Shah, Technical Research Analyst at SBI Securities, expects the bearish trend to continue in technically oversold stocks - Lupin, Godrej Consumer and PFC-and flags key hurdles to watch out for.