Stock Picks

Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.

Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.

The technical analyst from HDFC Securities recommends buying Transport Corporation of India basis charts

According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.

The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.

The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.

Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other major laggards

The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.

The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.

The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower

According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.

Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.

The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.

In 2007, Tata Steel skyrocketed from Rs 100 to Rs 700 in less than four years; Similarly, since 2020 the stock price grew seven-fold to a high of Rs 1,534.50.

According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.

Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.

Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.

According to the technical analyst from Anand Rathi, Hindalco has found support around its 200-DEMA, and seems poised for a potential reversal in the short-term.