Page 12 - Market Outlook
Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show
The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.
 "Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show")
Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
 "Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results")
Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent
Adani Enterprises can rally up to 14 per cent; whereas ACC, and Ambuja Cements can gain another 10 per cent each, indicate charts
 "Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent")
India is among the least favoured markets in Asia: Sunil Tirumalai of UBS
As liquidity starts drying up, banks rates start rising and market returns struggle, we expect some level of softness in household market allocations, he said
 "India is among the least favoured markets in Asia: Sunil Tirumalai of UBS")
Odds in favour of more near-term correction in Indian stocks: Chris Wood
Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)
 "Odds in favour of more near-term correction in Indian stocks: Chris Wood")
Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly
Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other major laggards
 "Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly")
Should you buy Voda Idea post Q4 results or wait? Here's what the chart say
The stock has declined more than 50 per cent from its 52-week high touched in December 2021; Charts indicate the best way to approach the stock is to stay on the sidelines for now.
 "Should you buy Voda Idea post Q4 results or wait? Here's what the chart say")
Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total
The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.
 "Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total")
Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
 "Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty")
Charts indicate up to 15% fall in select metal stocks from current levels
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
 "Charts indicate up to 15% fall in select metal stocks from current levels")
What's the future of Future Group stocks? Here's what technical charts say
Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.
 "What's the future of Future Group stocks? Here's what technical charts say")
75% of Nifty50 stocks trade below 200-DMA; look weak on the charts
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
 "75% of Nifty50 stocks trade below 200-DMA; look weak on the charts")
In no hurry to add to India position; buy only on a dip: Chris Wood
Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position
 "In no hurry to add to India position; buy only on a dip: Chris Wood")
Should you dump rate sensitive stocks post the RBI's surprise rate hike?
Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates
 "Should you dump rate sensitive stocks post the RBI's surprise rate hike?")
Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave
Blue Star is in a long term bull trend and may continue to remain a favorite for market participants.
 "Voltas, Blue Star: Trading ideas for consumer durable stocks amid heat wave")
F&O Strategy: Nandish Shah recommends a Bull spread on the weekly Nifty
The derivative analyst from HDFC Securities recommends buying Nifty 17,300 Call and simultaneously selling 17,500 Call for the May 05 expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on the weekly Nifty")
Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%
Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.
 "Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%")
Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
 "Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO")
Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
 "Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts")
Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
 "Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink")
