Page 74 - Trading Strategies
Nifty, Bank Nifty exhibit a mixed bias, says Ravi Nathani
The technical analyst expects Nifty to test 18,336 and 18,464 on the upside; whereas Bank Nifty needs to surpass 43,860 for fresh buys, Nathani suggests.
Vinay Rajani recommends to buy HCC, Nava as stocks crossed key resistances
On the broader market outlook, the technical & derivative analyst from HDFC Securities suggests that the trend for Nifty is still bearish.
 "Vinay Rajani recommends to buy HCC, Nava as stocks crossed key resistances")
Mehul Kothari is bullish on Linde India, Saregama; check why
According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.
 "Mehul Kothari is bullish on Linde India, Saregama; check why")
Gold may enter short-term corrective phase, test Rs 52,000-level
On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.
 "Gold may enter short-term corrective phase, test Rs 52,000-level")
F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge
The derivative analyst from HDFC Securities recommends to Buy Bharat Forge 880 Call and simultaneously Sell 900 Call for the January expiry.
 "F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge")
Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari
According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.
Global slowdown, Union Budget: 5 factors that will guide markets in 2023
Analysts expect the Indian equity markets to consolidate over the next few months, as they fully digest the negatives of rich valuations, rising interest rates amid growth headwinds.
 "Global slowdown, Union Budget: 5 factors that will guide markets in 2023")
Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine
CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.
 "Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine")
Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380
On the downside, key support for MCX Crude Oil stands at Rs 6,350, below which a steeper fall to Rs 4,800 seems possible. Rs 413 - 418 is the resistance zone for Natural Gas on Wednesday.
 "Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380")
Vinay Rajani recommends to hold longs on Nifty with a stop at 17,800
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends buying RCF and NCC.
 "Vinay Rajani recommends to hold longs on Nifty with a stop at 17,800")
Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100
CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.
 "Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100")
Sugar stocks to sweeten in 2023; Dwarikesh, Renuka can rally up to 37%
The stellar performance of sugar stocks began in 2021, and is likely to continue in the new year - 2023, indicates the technical charts.
 "Sugar stocks to sweeten in 2023; Dwarikesh, Renuka can rally up to 37%")
Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour
However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.
 "Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour")
Here's why Mehul Kothari recommends to buy ABB, MRPL
According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57.
Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.
 "Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000")
Indigo, SpiceJet: After a dismal 2022, will aviation stocks soar in 2023?
Indigo and SpiceJet shares must surpass these key hurdles to embark on a new trend.
 "Indigo, SpiceJet: After a dismal 2022, will aviation stocks soar in 2023?")
Trend to remain positive for Gold above Rs 54,040; Silver 66,940
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
 "Trend to remain positive for Gold above Rs 54,040; Silver 66,940")
Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
 "Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%")
Pharma stocks upbeat amid Covid-19 scare; Divi's, Lupin can gain up to 10%
Technically, the Nifty Pharma index needs to immediate hurdle at 13,500, for further upside to 14,250.
 "Pharma stocks upbeat amid Covid-19 scare; Divi's, Lupin can gain up to 10%")
Strong support for Nifty seen at 17,850; Buy the dips, suggests chart
The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.