Technical Calls

Oil & Natural Gas Corporation and Reliance Industries can rise up to 8 per cent

According to the technical analyst from Anand Rathi, Ashok Leyland can potentially break its all-time high at Rs 169.45, while he is also bullish on Lupin.

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.

The immediate supports for Nifty are placed around 16,600 and 16,500 while the levels to watch on the upside will be 16,800 and then 17,000 mark

Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there

Nifty is expected to surpass the intraday all-time high of 16,702

SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally

ADX indicator has crossed the DI line on the upside, which indicates high momentum phase for the Nifty

Tata Motors has formed a fresh shorting pivot and is likely to resume the corrective phase.

IndusInd Bank stock has managed to move past the 50EMA level of Rs 1,000 and improve the bias

Hindustan Petroleum has seen a strong closing in the last trading session and is currently hovering between its short and medium exponential moving averages on the daily chart

Parekh suggests buying and accumulating M&M stock for an upside target of Rs 820-850, keeping the stop loss of Rs 710

IEX is in a secular uptrend and is highly poised to test the uncharted territory

IOC closed on a strong note in the last session and is currently hovering between its short and medium exponential moving averages on the daily chart

Bandhan Bank has been trading in a steady downtrend and is facing selling pressure on every rise

After a decent correction from the peak level, Wockhardt stock has bottomed out near Rs 520 zone

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

Berger Paints after the recent up move has been consolidating in a narrow range around its record high

Cadila Healthcare's stock has taken base near Rs 600 levels on two occasions recently, forming a good support zone

HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter