Page 12 - Market Technicals
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
 "RIL: Bulls set eyes on Rs 3,500-mark as stock above support held since 2017")
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.
 "PNB, BHEL, IDFC among top mid-, smallcap stocks that can rally up to 25%")
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.
 "MCX Crude Oil resistance seen at Rs 7,435; Natural Gas faces Rs 515-hurdle")
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
 "35% of Nifty smallcaps rally up to 150% in Samvat 2078: Will they keep up?")
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.
 "MCX Gold, Silver futures likely to trade rangebound this week")
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.
 "Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech")
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.
 "Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark")
F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech
The derivative analyst from HDFC Securities recommends buying HCL Technologies 1020 Call and selling 1040 Call of the October series.
 "F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech")
TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.
 "TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why")
Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
 "Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani")
Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'
Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.
 "Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'")
Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks
According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.
 "Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks")
Realty check: Brigade, Phoenix Mills can rally up to 14%; Indiabulls weak
Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.
 "Realty check: Brigade, Phoenix Mills can rally up to 14%; Indiabulls weak")
HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates
The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
 "HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates")
Pivot point at 50,350 for MCX Gold this week; Silver may see volatility
The bears are likely to have the upper hand as long as MCX Gold futures trade below Rs 50,350 this week; Near resistance on the upside is seen at Rs 50,900.
 "Pivot point at 50,350 for MCX Gold this week; Silver may see volatility")
Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos
The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.
 "Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos")
F&O Strategy: Nandish Shah recommends Bull Spread on Bata India
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
