The NSE Nifty is on the verge of a positive breakout after a gap of nearly 1.5 month; technical chart suggests the index could rally all the way to 24,250 levels.
Technical charts suggest that HEG stock is likely to witness another 25 per cent fall from present levels; while Nuvama Wealth could witness a relief rally towards Rs 6,125.
The Nifty Realty index has surged 14% in the last 7 trading days, with select stocks rising up to 27% in anticipation of a rate cut in the upcoming RBI Policy. Here's technical view on realty stocks.
The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.
Budget 2025 Highlights: The budget's emphasis on consumption-oriented measures, coupled with a relatively modest increase in capital expenditure allocation, signals a shift in focus
On the upside, the Sensex needs to trade consistently above 78,150, and the Nifty above 23,600 for continuation of the pullback rally; suggests the technical charts.
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