Page 11 - Market Technicals

Upside for Gold capped around Rs 52,570; Silver to test hurdle at Rs 60,800

The MCX Gold futures are likely to face resistance around Rs 51,135, above which the up move may still be capped at Rs 52,570. Silver futures have failed to sustain above the 200-DMA since late April.

Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.

F&O Call: Nandish Shah recommends this F&O trading strategy in Vedanta

The derivative analyst from HDFC Securities recommends buying Vedanta 310 Call and simultaneously selling 330 Call of the November series.

Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX

According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.

GNFC, Deepak Fertilisers can soar up to 35%, hint charts; avoid Chambal

Barring, Chambal Fertilizers & Chemicals, which has shed 19 per cent on YTD basis, most of the other fertilizers stock have logged gains so far in 2022. Deepak Fertilisers has zoomed 148 per cent.

LIC, Indiabulls Housing Finance struggle on charts; HDFC eyes Rs 2,700-mark

Shares of LIC Housing Finance today slipped below the 200-WMA after falling over 10 per cent. Now, four out of five leading housing finance stocks are trading below the 200-WMA.

Upside for crude oil capped at Rs 7,700; Natural Gas faces hurdle at Rs 492

On the downside, the MCX Crude Oil futures have near support at Rs 7,205 and Rs 7,027 levels. Meanwhile, if Natural Gas futures sustain above Rs 492, they can rally past the Rs 535-level.

Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits

On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.

Pharma shares may turnaound soon; Cipla, Sun Pharma, Granules can gain 20%

What do expect from pharma stocks over the next few weeks? Here's what technical charts suggest.

MCX Gold, Silver futures may stay rangebound; check key levels here

The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.

Mehul Kothari recommends to buy Astral, Just Dial on dips; Check Why

According to the technical analyst from Anand Rathi, Astral can be bought with a stop at Rs 1,940, and Just Dial can be purchaced closer to Rs 620.

Angle One, MOFSL: Here's what tech charts suggest for brokerage stocks

Motilal Oswal Financial Services is the only stock among major broking firms that slipped to a fresh 52-week low last week

Flying high! SBI, BoB, Canara Bank poised for up to 18% rally, charts show

The Nifty PSU Bank index hit a fresh 52-week high on Friday and has gained 15 per cent so far this month. The index can rally another 4 per cent.

RIL: Bulls set eyes on Rs 3,500-mark as stock above support held since 2017

Domestic brokerage firm Prabhudas Lilladher, too, lowered its earnings outlook on RIL and trimmed the target price to Rs 2,892

PNB, BHEL, IDFC among top mid-, smallcap stocks that can rally up to 25%

Technically, whenever any stock remains unaffected during times of volatility, the trend indicates something positive underneath. Such stocks are preferred by market participants for trading gains.

MCX Crude Oil resistance seen at Rs 7,435; Natural Gas faces Rs 515-hurdle

On the downside, the MCX Crude Oil futures have near support at Rs 7,111 and Rs 7,039 levels. Meanwhile, Natural Gas futures likely to get considerable support around Rs 486.

35% of Nifty smallcaps rally up to 150% in Samvat 2078: Will they keep up?

If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks

MCX Gold, Silver futures likely to trade rangebound this week

The MCX Silver December futures may re-test the 200-DMA hurdle placed at Rs 60,900 in the near term.

Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark

According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.