Page 51 - Trading Strategies
Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways
On the upside, the Nifty Energy index is likely to face resistance around 39,650, says Ravi Nathani, an independent technical analyst.
 "Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways")
HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs
Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.
 "HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs")
Nifty IT: 37,780 is the make or break level; Bias for Auto turns negative
According to Ravi Nathani, an independent technical analyst, breach of 37,780 on the Nifty IT could trigger a fall to 37,400 and 37,125.
 "Nifty IT: 37,780 is the make or break level; Bias for Auto turns negative")
Tech picks: JK Lakshmi, Castrol can rally up to 20%, says HDFC Securities
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has broken out from a consolidation phase and can rally towards 22,600-22,700.
 "Tech picks: JK Lakshmi, Castrol can rally up to 20%, says HDFC Securities")
Bias for Nifty PSU Bank turns negative, can dip up to 5%
On the upside, the PSU Bank index is likely to face resistance around 7,280 to 7,350, says Ravi Nathani, an independent technical analyst.
 "Bias for Nifty PSU Bank turns negative, can dip up to 5%")
Markets are overvalued; IT, metals among most expensive sectors: Analysts
As of Jan 2024, the price-to-book valuation for the Nifty50 index, according to HDFC Securities Institutional Research, was 114 per cent of the average historical valuation, indicating expensiveness.
 "Markets are overvalued; IT, metals among most expensive sectors: Analysts")
Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out
According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is 'sell on rise'.
 "Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out")
F&O strategy: Bull spread on McDowell for the February series
Nandish Shah of HDFC Securities recommends to Buy McDowell 1150 CALL and simultaneously Sell 1200 CALL of the February expiry.
 "F&O strategy: Bull spread on McDowell for the February series")
Nifty Energy to face stiff resistance at 40,000; Pharma seems range-bound
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is trading in overbought zone, hence some reversal can be anticipated.
Nifty IT, Auto: Key levels to watch out for on these two indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is likely to face stiff resistance between 38,000 - 38,125.
 "Nifty IT, Auto: Key levels to watch out for on these two indices")
Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way
The recent outperformance (before the sharp fall in past sessions), Jefferies said, was helped by earnings per share (EPS) upgrades and return on equity (RoE) improvement.
 "Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way")
Here's how to plan your trades in Nifty IT, Auto indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.
 "Here's how to plan your trades in Nifty IT, Auto indices")
Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?
The index had slipped below the 50-DMA back in November 2023, too, but recovered.
 "Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?")
Trading strategies for Nifty PSU, Private Banks & Financial indices
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Index seems to be in a discernible downtrend.
Nifty50: Here's why bullish trend on the index remains uncertain
Trading strategy for Nifty50: The recommended trading strategy aligns with selling on upward movements
 "Nifty50: Here's why bullish trend on the index remains uncertain")
NTPC, Gail: How to trade these 5 stocks that turned ex-dividend this week?
As many as 49 stocks turned ex-dividend on the bourses this week. Here's a quick chart check on select five among them.
Will ITC break Rs 400-mark as BAT mulls stake sale? Here's what chart say
Technically, the stock seems placed unfavourably on multiple parameters. However, a pullback cannot be ruled out, as it trades in oversold zone too.
 "Will ITC break Rs 400-mark as BAT mulls stake sale? Here's what chart say")
F&O strategy: Bull spread on Bank Nifty for the weekly expiry
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 45000 PUT and simultaneously sell 44500 PUT of the 14-Feb expiry.
 "F&O strategy: Bull spread on Bank Nifty for the weekly expiry")
Divergent trend seen in Nifty FMCG, Metal and Realty; check key levels
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG exudes a bullish short-term trend; while the Metal and Realty indices suggests a sell strategy.
Nifty Energy, Pharma: Trading strategies for indices in overbought zone
A trade below 37,968 could prompt a stop-loss trigger for bullish positions on the Nifty Energy index, says Ravi Nathani, an independent technical analyst.