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.
Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions
Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
Volumes spurt were significantly higher during strong positive closes than during negative sessions.
Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,
After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.
A sustained move over the 50-DMA of Rs 3,881 could see the counter heading towards recording a new historic peak
OMC stocks like BPCL, HPCL are better placed on the charts; decisive move over their key hurdles could see next leg of upside
If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better
Stock reaching fresh 52-week highs may further see up to 23 per cent upside
Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance
HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500
The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction
Since the start of the current year, the Nifty Realty pack has remained laggard and traded with a weak bias down 1.5 cent lower so far in 2023.
Following a strong close over the 200-DMA set at Rs 2,559, the chart structure of Reliance Industries reveals a "Double Bottom" breakout
The overall trend in the IT stocks have remained laggard and continues to bear high risk element.
The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.
PVR and Inox Leisure stocks must defend key levels to avoid turning bearish, show technical charts
The central Board of indirect taxes and Customs has raised windfall tax on petroleum, crude, and aviation turbine fuel effective from January 3
In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki