Technical charts shows that shares of ITC, Bata India, Campus Activewear, Kaveri Seed and Zomato are on the brink of a positive breakout; hence can potentially rally up to 22% in the near-term.
Metropolis Healthcare, Alembic Pharma and Tejas Networks are the other 3 stocks to witness a 'Death Cross' on the chart in recent days; technically this is a negative development for these stocks.
On the last 3 Budget days, the Nifty ended marginally in red; the NSE benchmark has ended lower on 5 out of previous 7 occasions when finance minister Nirmala Sitharaman presented the Union Budget.
Derivative data shows that Nifty is starting the February series after a 4-month losing streak, high rollovers, and short positions ahead of Budget. Here are the key analyses as per HDFC Securities.
Here's a technical outlook on 5 largecap stocks post Q3 results. Charts hint towards a positive bias for Bajaj Finance and Bajaj Auto; whereas a likely fall for Maruti, Tata Motors and Dr. Reddy's.
Technically, this Rakesh Jhunjhunwala-backed stock is seen headed towards its monthly trend line support; break of the same can invite a further fall at the counter. Check key levels here.
Nestle India share price has tumbled nearly 23% in the last 4 months, and now trades 5% away from its key long-term support on the monthly chart; the stock has held since November 2017.
Sahaj Agrawal recommends to create Bear Put Spread on the Nifty by buying the 22,800 Put and selling the 22,500 Put option of the January series.
Technical charts indicate that shares of ITC, Godfrey Phillips, VST Industries, Delta Corp and United Breweries could slide up to 28% from present levels. Check key levels here
Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.
Technical chart shows that L&T, NTPC, Jain Irrigation seem to be placed favourably, while Siemens and Power Grid Corporation look weak. Here are the key levels to watch out on these 5 shares.
Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
The Sensex needs to sustain above 77,000-mark for igniting a pre-Budget rally; Nifty daily chart shows that bearish momentum was showing some signs of tapering-off. India VIX likely to rise this week.
Stocks to Buy: Zensar Technologies share price has been consolidating over the past few months but has relatively outperformed the market during this period
Chart shows that stocks like Cyient, Rajesh Exports, Mahindra Life, SW Solar and Gujarat Pipavav have tumbled up to 81 per cent from the highs in around last two years; Bias remains negative.
Adani Energy Solutions, Syngene, Jio Financial, CG Power, Persistent Systems and CAMS are the 6 derivative stocks with up to 14 per cent build-up in open positions 5 days ahead of the monthly expiry.
The analyst recommends to Sell Nifty January 23,900 Call, and 22,400 Put for the monthly derivative expiry.
Technical charts suggest that stocks such as Prestige Estates, Lodha and Sobha can fall up to 32 per cent from here on, while the Nifty Realty index can crack by another 14 per cent.
Stocks from manufacturing and outsourcing hubs stand to benefit under the China Plus One strategy; Technical chart shows that shares of Amber, Aurobindo and others can rally up to 33% from here on.
Last time FIIs held more than 3.5 lakh contracts as open positions in Nifty futures was in Oct 2024. At present, FIIs hold 5 short bets in Nifty futures for every long trade, shows the NSE F&O data.