Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to Buy Mahanagar Gas and Dr.Reddy's Labs.
The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.
According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
The stock is placed below all important moving averages, which indicates a bearish trend on all time frames, says technical analyst from HDFC Securities
According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range
Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.
The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
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 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.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
According to the technical analyst, charts suggest rapid technical bounce for the Nifty Auto index, wherein traders can anticipate a price recovery
The near term bias for MCX Gold April futures is likely to remain bullish as long as the commodity sustains above Rs 57,100.
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
The technical analyst sees 17,315 as a critical support level for the near term.