Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.
The Nifty Auto index has broken key support levels, and looks weak on the weekly charts indicating a downside of 5 per cent.
Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark
The derivative analyst from HDFC Securities recommends buying CHAMBAL FERT March 400 CALL at Rs 13.50 & simultaneously selling 420 CALL at Rs 7.50.
Adani group stocks have been in limelight post the stupendous listing of Adani Wilmar four days ago.
Dish Tv too has bounced back from its major support level and can gain up to 8 per cent. Nazara Technologies, however, looks weak.
The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.
The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.
Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.
Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high
The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.
Infra related stocks can easily see a jump of 10 per cent in quick time
With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector
The index heavyweight lost significant ground after breaking its earlier support at Rs 2,600, and now trades 18 per cent lower from its 52-weeks high.
Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
As long as the underneath trend is bullish, volatility and minor dips shall be seen as opportunities to go long
The Nifty Realty index can rally towards 525-level.
Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher