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
Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.
The Nifty Realty index can rally towards 525-level.
Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher
Major sugar stocks are ready to claim new bullish territory
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Automobile shares may breakout after crossing significant resistances
Laurus Labs Ltd, Endurance Technologies Ltd may surge over 30 per cent whereas small cap stocks like Avanti Feeds Ltd, BASF India and Rain Industries could jump up to 40 per cent from current levels
Vodafone Idea can jump up to 40% from current levels, while Bharti Airtel may see a 6 per cent rise.
These stocks have corrected between 10-20 per cent over the last one month relative to benchmarks' 3 per cent fall. Here's a possible way forward for these stocks
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.
The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.
when the overall market translates form a negative sentiment to a positive outlook, the consolidating stocks are expected to robustly breakout on the upside
The technical & derivative analyst from HDFC Securities recommends buying SAIL and and Hindalco
Select pharma stocks look good on the technical charts and may jump up to 15 per cent in December. On the fundamental side, fears of Omicron variant spreading may also keep them in news and buzzing
According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels