The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.
The MCX Crude Oil futures seem on course to test the 200-WMA placed at Rs 5,000. However, given the indications from momentum oscillators, the commodity may break the support level.
According to the technical analyst, traders can employ 'buy-on-dips' strategy for Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services indices
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
According to the technical analyst, the Nifty index exhibits an imminent pullback in the near-term post an oversold disposition
The direct investment in the cash segment by retail investors continues to be muted
The derivative analyst from HDFC Securities recommends to Buy Glenmark Pharma 440 CALL at Rs 7 & simultaneously sell 450 CALL at Rs 4 of March series
According to the technical analyst, he remains bullish on Nifty Pharma, and Nifty Oil & Gas indices
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Zydus Life and Coal India
According to the technical analyst, charts suggest rapid technical bounce for the Nifty Auto index, wherein traders can anticipate a price recovery
Only if more skeletons don't emerge from the closet
The near term bias for MCX Gold April futures is likely to remain bullish as long as the commodity sustains above Rs 57,100.
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
The technical analyst sees 17,315 as a critical support level for the near term.
Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.
The company said that the benefits of these new production lines at Sinnar will however be availed from 2023-24 onwards
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for Nifty Pharma, Nifty Energy, and Nifty Midcap 100 indices
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend