Page 14 - Market Technicals
Chart check: Global markets crack but Sensex, Nifty may still hit new peaks
The underlying trend for the benchmark indices continues to be bullish given that the Sensex and the Nifty50 indices honor 59,000 and 17,700 levels, respectively
 "Chart check: Global markets crack but Sensex, Nifty may still hit new peaks")
Vinay Rajani recommends buying Tata Coffee, PSP Projects; check why
The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.
 "Vinay Rajani recommends buying Tata Coffee, PSP Projects; check why")
BPCL, IOC face 200-DMA hurdle despite Brent Crude slipping to 7-mth low
Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices
 "BPCL, IOC face 200-DMA hurdle despite Brent Crude slipping to 7-mth low")
Here's why Mehul Kothari recommends buying Jubilant Foodworks, KPIT Tech
According to the technical analyst from Anand Rathi, Jubilant Foodworks can rally to Rs 660, while KPIT Technologies could jump to Rs 620.
 "Here's why Mehul Kothari recommends buying Jubilant Foodworks, KPIT Tech")
Will 'Brahmastra' revive bullish bias for PVR, Inox? Check what charts say
Despite the 15 per cent correction from record highs, touched in August, PVR and Inox Leisure have managed to sustain above their respective 200-DMAs
 "Will 'Brahmastra' revive bullish bias for PVR, Inox? Check what charts say")
Rs 51,100-level remains a key hurdle for Gold futures; Silver tests 200-DMA
The upside for MCX Gold October futures is seen capped around Rs 51,100-level for now. On the other hand, Silver futures may consolidate following the near 5 per cent rally last week.
 "Rs 51,100-level remains a key hurdle for Gold futures; Silver tests 200-DMA")
Amid rising power demand; Adani Power, NTPC, Coal India look firm on charts
Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.
 "Amid rising power demand; Adani Power, NTPC, Coal India look firm on charts")
Here's why Mehul Kothari recommends buying Raymond, Metropolis Healthcare
According to the technical analyst from Anand Rathi, Raymond can rally to Rs 1,100, while Metropolis Healthcare can surge to Rs 1,620.
 "Here's why Mehul Kothari recommends buying Raymond, Metropolis Healthcare")
F&O Strategy: Nandish Shah of HDFC Securities recommends Bull Spread on SBI
The technical and derivatives analyst recommends buying SBI 550 Call and simultaneously selling 570 Call for the September series.
 "F&O Strategy: Nandish Shah of HDFC Securities recommends Bull Spread on SBI")
MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India
ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs
 "MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India")
Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022
Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.
 "Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022")
Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150
Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.
 "Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150")
Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark
The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.
 "Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark")
F&O Strategy: Nandish Shah recommends a Bull Spread on Canara Bank
The technical analyst from HDFC Securities recommends buying Canara Bank 240 Call and simultaneously selling 250 Call for the September series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Canara Bank")
F&O Strategy: Nandish Shah recommends a Bull Spread on L&T
The technical analyst from HDFC Securities recommends buying L&T 1900 Call and simultaneously selling 1920 Call for the August series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on L&T")
F&O Strategy: Nandish Shah recommends a Bull Spread on Lupin
The technical analyst from HDFC Securities recommends buying Lupin 700 Call and simultaneously selling 720 Call for the August series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Lupin")
F&O Strategy: Nandish Shah recommends a Bull Spread on HCL Tech for August
The technical analyst from HDFC Securities recommends buying HCLTECH 960 Call and simultaneously selling 1000 Call of the August series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on HCL Tech for August")
F&O Strategy: Nandish Shah recommends a Bull Spread on Infy for Aug expiry
The technical analyst from HDFC Securities recommends buying Infosys 1520 Call and simultaneously selling 1580 Call of the August expiry.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Infy for Aug expiry")
F&O Strategy: Nandish Shah recommends a Bull Spread on L&T for July expiry
The technical analyst from HDFC Securities recommends buying L&T 1700 Call and simultaneously selling 1800 Call of the July expiry.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on L&T for July expiry")
Tata Motors, Ashok Leyland, Eicher eye up to 17% gains, charts show
Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA
 "Tata Motors, Ashok Leyland, Eicher eye up to 17% gains, charts show")
