Page 2 - Market Outlook
75% of Nifty50 stocks trade below 200-DMA; look weak on the charts
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
 "75% of Nifty50 stocks trade below 200-DMA; look weak on the charts")
In no hurry to add to India position; buy only on a dip: Chris Wood
Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position
 "In no hurry to add to India position; buy only on a dip: Chris Wood")
Should you dump rate sensitive stocks post the RBI's surprise rate hike?
Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates
 "Should you dump rate sensitive stocks post the RBI's surprise rate hike?")
Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave
Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.
 "Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave")
F&O Strategy: Nandish Shah recommends a Bull spread on the weekly Nifty
The derivative analyst from HDFC Securities recommends buying Nifty 17,300 Call and simultaneously selling 17,500 Call for the May 05 expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on the weekly Nifty")
Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%
Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.
 "Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%")
Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
 "Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO")
Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
 "Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts")
Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
 "Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink")
NTPC, M&M, BPCL: 5 Nifty50 stocks that can rally up to 30% in coming days
NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts
 "NTPC, M&M, BPCL: 5 Nifty50 stocks that can rally up to 30% in coming days")
Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty
According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.
 "Here's why Mehul Kothari recommends buying Tata Power, Sunteck Realty")
ACC, Ambuja Cement, Grasim: Trading strategies for cement stocks
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
 "ACC, Ambuja Cement, Grasim: Trading strategies for cement stocks")
Trend to remain bearish as long as Nifty stays below 17,275, Vinay Rajani
The technical analyst from HDFC Securities has buy call on ICICI Prudential Gold ETF and sell call on Mothersonsumi.
Trading strategies for beaten down HDFC twins, bank stocks
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
 "Trading strategies for beaten down HDFC twins, bank stocks")
Is Paytm ready for a short-term reversal? Here's what technical charts say
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
 "Is Paytm ready for a short-term reversal? Here's what technical charts say")
Trading strategies for HDFC Bank, Infosys and ICICI Pru post Q4 results
ICICI Prudential Life Insurance seems to be headed towards the 200-DMA, while Infosys and HDFC Bank need to be monitored closely over the next few trading sessions.
 "Trading strategies for HDFC Bank, Infosys and ICICI Pru post Q4 results")
Airtel, Voda Idea: Telecom stocks could see up to 30% upside, charts show
Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%
 "Airtel, Voda Idea: Telecom stocks could see up to 30% upside, charts show")
TCS can hit Rs 4,500 provided it can surpass Rs 4,000 mark on good volume
The stock needs to create a strong base and momentum in the range of Rs 4,000 to Rs 3,800 levels, which the stock has been unable to conquer with ease.
 "TCS can hit Rs 4,500 provided it can surpass Rs 4,000 mark on good volume")
KRBL, Whirlpool may have bottomed out, upside likely, says Mehul Kothari
According to the technical analyst from Anand Rathi, KRBL has been trading in a range of Rs 180 to Rs 340 since the last two years.
Dilip Buildcon, IRB, Simplex Infra: Infra-related stocks can gain up to 10%
Larsen & Toubro and Engineers India need to hold above the key levels for further upside.
 "Dilip Buildcon, IRB, Simplex Infra: Infra-related stocks can gain up to 10%")
