Page 13 - Market Technicals
Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty
On the broader market outlook, the technical analyst from HDFC Securities says that the indicators and oscillators have turned bearish on the short term charts for the Nifty 50.
 "Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty")
Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why
According to the technical analyst from Anand Rathi, CAMS can rally to Rs 2,700, while Pfizer can be bought for a target of Rs 4,700.
 "Mehul Kothari recommends Buy on CAMS, Pfizer; Check Why")
Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout
According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.
 "Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout")
Derivatives analyst Nandish Shah recommends bull spread strategy on L&T
The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.
 "Derivatives analyst Nandish Shah recommends bull spread strategy on L&T")
MCX Crude Oil can pullback to Rs 7,700; Natural Gas likely to test Rs 600
The pullback in MCX Crude Oil futures is aided by cut in oil production by OPEC+ members. The commodity crossed its 50-DMA for the first time since July 2022.
Vinay Rajani of HDFC Securities expects markets to remain bullish for now
Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.
 "Vinay Rajani of HDFC Securities expects markets to remain bullish for now")
Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari
According to the technical analyst from Anand Rathi, Bandhan Bank can be shorted for a price target of Rs 272, while Eris Lifesciences can be bought for a target of Rs 800.
 "Trading Strategies in Bandhan Bank, Eris Lifesciences by Mehul Kothari")
LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?
Sun Pharmaceutical seems set to register a new 52-week high; while Tata Motors and Torrent Pharmaceuticals are yet to take-off their respective obstacles, charts show.
 "LIC, Nykaa, Tata Motors: Are these buzzing stocks bottoming out?")
CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show
Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
 "CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show")
HUL, Asian Paints: 5 stocks withstood recent sell-off; Will they rise more?
Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.
 "HUL, Asian Paints: 5 stocks withstood recent sell-off; Will they rise more?")
Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness
As per the weekly Fibonacci chart, the Rupee can depreciate to 82 - 82.20 - 82.40 during the week. However, in case the currency sustains below 81.55-level a corrective move to 80.50 seems possible.
 "Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness")
Here's why Mehul Kothari recommends buying Metropolis, Thyrocare Tech
According to the technical analyst from Anand Rathi, Metropolis Healthcare can rally to Rs 1,800, while Thyrocare Technologies can rise up to Rs 740.
Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?
The fresh sell-off on Monday pulled another 37 stocks below 200-DMA taking the total tally to 268
 "Over half of Nifty500 stocks dip below their 200-DMA. Is the fall overdone?")
Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick
Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.
 "Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick")
Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge
The analyst from HDFC Securities recommends buying Bharat Forge 790 Call and simultaneously selling 810 Call of the September series.
 "Derivatives analyst Nandish Shah recommends Bull Spread on Bharat Forge")
Mehul Kothari recommends Buy on JM Financial, Nazara Tech; Check Why
According to the technical analyst from Anand Rathi, JM Financial can rally to Rs 78, while Nazara Technologies can gain up to Rs 830.
FMCG beat market blues; charts hint 15% upside for ITC, Varun Beverages
The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.
 "FMCG beat market blues; charts hint 15% upside for ITC, Varun Beverages")
M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day
These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.
 "M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day")
With MCX Crude Oil below Rs 7,050, bears likely to reign; charts suggest
The MCX Crude Oil October futures may see a directional move on breakout from the Rs 6,550-6,900 trading range so far this week. Short-term trend for Natural Gas futures may soon turn negative.
 "With MCX Crude Oil below Rs 7,050, bears likely to reign; charts suggest")
Breakout from 17,500-18,100 zone to give direction to Nifty: Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.
 "Breakout from 17,500-18,100 zone to give direction to Nifty: Vinay Rajani")
