Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Budget 2022 can spark much awaited upside in the EV related stocks
As long as the underneath trend is bullish, volatility and minor dips shall be seen as opportunities to go long
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.
The Nifty Realty index can rally towards 525-level.
IT companies Infosys, TCS, Wipro, HCL Tech and Mindtree would announce their numbers.
Major sugar stocks are ready to claim new bullish territory
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Automobile shares may breakout after crossing significant resistances
With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest