The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index
The analyst from Anand Rathi recommends to buy these stocks based on a positive technical set-up
While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure
The stock of Bajaj Consumer, after a decent correction, has bottomed out near 245 level
Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.
Here's why the analyst recommends accumulating Eicher Motors and Voltas, but to sell Zee Entertainment Futures
Century Textile and VIP Industries are the two stock recommendations by HDFC Securities
Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern
Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'
The stock price has broken out from the downward sloping trendline, adjoining the highs of June 12, 2021, and August 3, 2021, with higher volumes.
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
The immediate supports for Nifty are placed around 16,600 and 16,500 while the levels to watch on the upside will be 16,800 and then 17,000 mark
Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116
Short term trend of the stock has turned positive as it closed above its 10-and 20-day EMA
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there