In the past one month, the BSE Sensex and the NSE Nifty, shed over 6 per cent each, while crude oil prices soared to an eight-year high at almost $96 a barrel, up nearly 12 per cent.
The NSE IT index has been moving in a tight range, a breakout in either direcion can trigger a 2,000 points movement.
The mid-and small-cap indices on the BSE were down over 1 per cent each as against a similar per cent gain on the S&P BSE Sensex so far this year.
The derivative analyst from HDFC Securities recommends buying Buy LICHSG FINANCE FEB 410 CALL and simultaneously selling 430 CALL
The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.
Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high
The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.
Infosys continues to defend the support from past four months; TCS shares have three supportive technical parameters that attract buying and accumulation.
These brokerages houses are bullish on banks and capital goods.
Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250
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
With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector
Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.
Budget 2022 can spark much awaited upside in the EV related stocks
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
Traders and Investors need to be cautious about the shift in trend, whenever vital supports are violated, it is time to be watchful.
The Nifty Realty index can rally towards 525-level.
Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs
Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.