Page 3 - Market Outlook
MCX Gold, Silver: Key trading levels to watch out on April 11
MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
 "MCX Gold, Silver: Key trading levels to watch out on April 11")
Mangalore Chemical, Kaveri Seeds are the top trading ideas of Vinay Rajani
The technical analyst from HDFC Securities expects the Nifty to find support in the range of 17,703 to 17,791.
 "Mangalore Chemical, Kaveri Seeds are the top trading ideas of Vinay Rajani")
Trading Bets: GAIL India, Adani Total Gas, GNFC can gain up to 15%
Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.
 "Trading Bets: GAIL India, Adani Total Gas, GNFC can gain up to 15%")
Sensex may hit 67,000, Nifty to hit 20,000-mark in FY23, foretell charts
The NSE Nifty Bank can rally to the 40,000-mark, after it successfully conquers its 200-DMA.
 "Sensex may hit 67,000, Nifty to hit 20,000-mark in FY23, foretell charts")
Small-caps steal a march over Sensex, Nifty; index zooms 35% in FY22
Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check
 "Small-caps steal a march over Sensex, Nifty; index zooms 35% in FY22")
Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks
Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.
 "Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks")
Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
 "Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record")
Auto stocks eyeing breakout; Tata Motors, Bajaj Auto can soar up to 10%
The Nifty Auto index and the key stocks are trading near significant resistance levels while exhibiting sideways movement, upside breakout could see significant long additions.
 "Auto stocks eyeing breakout; Tata Motors, Bajaj Auto can soar up to 10%")
ACC, Grasim, India Cements can gain up to 12% post breakout, hint charts
Going ahead, charts indicate likely revival in investor sentiment with further uptick in prices.
 "ACC, Grasim, India Cements can gain up to 12% post breakout, hint charts")
Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise
The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.
 "Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise")
Vinay Rajani of HDFC Securities recommends buying GSFC, Gujarat Alkalies
The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.
Here's why Mehul Kothari is bullish on Cummins India, Delta Corp
According to the technical analyst from Anand Rathi, Cummins India has confirmed a multiyear breakout above the Rs 1,050-level.
 "Here's why Mehul Kothari is bullish on Cummins India, Delta Corp")
Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%
The Nifty Pharma index has crossed its near-term resistance at 13,700, and may spurt another 1.5 per cent.
 "Nifty Pharma may have bottomed out; Aurobindo, Glenmark can rally up to 10%")
Sensex, Nifty reclaim 200-DMA; may gain another 2.5% each
If the BSE Sensex and the NSE Nifty 50 cross their respective 100-DMAs, the benchmarks can easily rally another 2.50 per cent each.
 "Sensex, Nifty reclaim 200-DMA; may gain another 2.5% each")
Major hurdles out! West Coast, Star, Andhra Paper may see up to 16% gains
Paper stocks have rallied over 20 per cent in the recent past on hopes of higher demand as schools, offices reopen for normal functioning; charts indicate more upside.
 "Major hurdles out! West Coast, Star, Andhra Paper may see up to 16% gains")
New-age businesses have expanded market opportunity: Vinit Sambre, DSP
DSP Mutual Fund is overweight on Banks as we believe they are adequately capitalised
 "New-age businesses have expanded market opportunity: Vinit Sambre, DSP")
Here's why Vinay Rajani of HDFC Securities is bullish on GSFC, Sun Pharma
The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.
Auto is an extremely attractive contrarian bet: Shiv Sehgal, Edelweiss
Despite the correction, our valuations relative to other emerging markets (EMs) haven't yet come off. Thus, FIIs are a bit cautious
 "Auto is an extremely attractive contrarian bet: Shiv Sehgal, Edelweiss")
BSE, CDSL, MCX: Exchange-related shares poised for 14% upside, charts show
BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.
Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
 "Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely")
