The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
Infra related stocks can easily see a jump of 10 per cent in quick time
Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge
With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector
The two major OMCs were exhibiting a mixed trend on the charts, with HPCL reflecting positivity, while BPCL struggling to hold ground.
Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.
Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Budget 2022 can spark much awaited upside in the EV related stocks
As long as the underneath trend is bullish, volatility and minor dips shall be seen as opportunities to go long
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust