Stock Call

Eraaya Lifespaces share price was locked in the 5-per cent upper circuit for the 14th straight trading day on the BSE. It has zoomed 102% in the past 3 weeks

18,125 will trigger some strength for bulls on Nifty50 index whereas the expected targets would be 18,180 - 18,225 - 18,300

The stock price of PFC has broken out from the downward slopping trendline on the weekly chart

Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021

The secular uptrend in KIE Industries' stock has proved all minor corrections to be good accumulation points for the bulls

Bector Food has seen a secular rally from its 52-weeks low of Rs 328 odd zones and since then there has been no major correction in the counter

Banking stocks' gain on Friday may provide impetus for the extended rally going forward

We could see contribution from the broader market too in the coming days

The stock of SBI has bottomed out near 145 levels and gave a decent bounce to improve the bias and is currently in a rising trend.

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Marico's stock has provided breakout from a cup and handle pattern on the daily chart

The stock of ICICI Bank has breached its major rising channel on the downside and also provided breakdown from its double top pattern on the daily chart

The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls

Bharti Airtel's move remained resilient during the downtrend which the market witnessed in the current calendar year

The stock of Coal India, after completing its up move, has provided breakdown from a rising wedge pattern on the daily chart

Technically, the Nifty has managed to surpass the '20-day EMA' for the first time since Feb 24. Looking at the way charts are shaped up, Nifty can extend towards 9,500-9,700 over the next few days.

Stock of Lupin is showing sign of oversold on RSI indicator. Breakout from the level of 638 would lead stock to witness more upward movement.

As per weekly option data, handful of call unwinding on higher strikes ranging from 10,000 to 10,300 can be seen which shows Nifty is losing its resistance in sub 10,200 zone.

Rising cases of Coronavirus outside China and its impact on economic growth has put investors in negative sentiments.

The previous bottom on the Nifty daily chart is placed at 11,614, which can also act as far support.