Market Technicals
Auto stocks buck downbeat market trend in May; charts suggest further gains
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.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Balrampur Chini, Shree Renuka, Triveni: Sugar stocks dip after 300% surge
Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.
 "Balrampur Chini, Shree Renuka, Triveni: Sugar stocks dip after 300% surge")
Returns from these stocks beat Sensex in current bloodbath. Do you own any?
Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.
 "Returns from these stocks beat Sensex in current bloodbath. Do you own any?")
MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
 "MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil")
Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000
The technical analyst from HDFC Securities recommends buying Transport Corporation of India basis charts
 "Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000")
Here's why Mehul Kothari is bullish on MCX India, Voltas
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.
 "Here's why Mehul Kothari is bullish on MCX India, Voltas")
HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?
According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.
 "HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?")
MCX Gold, Silver: Upside seems capped; likely trading range for the week
The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range.
 "MCX Gold, Silver: Upside seems capped; likely trading range for the week")
Mehul Kothari of Anand Rathi recommends buying ITC, IOC
According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.
 "Mehul Kothari of Anand Rathi recommends buying ITC, IOC")
F&O Strategy: Nandish Shah recommends this strategy for the May expiry
The derivative analyst from HDFC Securities recommends buying Kotak Bank 1,780 Put and simultaneously selling 1,760 Put for the May expiry.
 "F&O Strategy: Nandish Shah recommends this strategy for the May expiry")
Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?
Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias
 "Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?")
Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC
According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.
 "Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC")
Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show
The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.
Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
Bias remains negative for MCX Gold, Silver futures; Key levels to watch out
The MCX Gold futures may slide towards the 200-DMA at Rs 48,840 in the near term; while the broader trend indicates a downside target of Rs 53,000 for MCX Silver futures.
 "Bias remains negative for MCX Gold, Silver futures; Key levels to watch out")
Options Trading: Vinay Rajani recommends buying Federal Bank Put
The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.
Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly
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
 "Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly")
Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate
The MCX Crude Oil futures may test Rs 7,540-odd level this week; while on the upside MCX Natural Gas May futures are likely to face resistance around Rs 590.
 "Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate")
Should you buy Voda Idea post Q4 results or wait? Here's what the chart say
The stock has declined more than 50 per cent from its 52-week high touched in December 2021; Charts indicate the best way to approach the stock is to stay on the sidelines for now.
 "Should you buy Voda Idea post Q4 results or wait? Here's what the chart say")
Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total
The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.
