Page 28 - Market Technicals

Nandish Shah of HDFC Securities recommends Bull Spread on Torrent Power

Torrent Power Sept futures have seen considerable long build up, with 80 per cent rise in open interest and 5 per cent rise in price.

ITC can rally 30% to Rs 300 levels in the days ahead, charts suggest

The short-to-medium term outlook for the stock will stay highly bullish, as long as ITC defends its 200-DMA, indicates daily chart

Decade-high Aluminium price can spark up to 25% rally in these metal stocks

The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume

Gail India, Indraprastha Gas have given a fresh breakout, says Ajit Mishra

The Religare Broking analyst also recommends buying Apollo Tyres

Here's why Vinay Rajani recommends buying Hero MotoCorp, Amara Raja

The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index

Here's why Osho Krishan is bullish on L&T Fin, Hindustan Aero, Inox Wind

The analyst from Anand Rathi recommends to buy these stocks based on a positive technical set-up

Wipro, TCS: These IT stocks can soar 15% despite being in 'overbought' zone

While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Bajaj Consumer, after a decent correction, has bottomed out near 245 level

Bull Spread Strategy on Pidilite Inds by Nandish Shah of HDFC Securities

Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.

Eicher Motors, Zee Ent: Trading ideas by Ajit Mishra of Religare Broking

Here's why the analyst recommends accumulating Eicher Motors and Voltas, but to sell Zee Entertainment Futures

Nifty in consolidation mode; short-term trend bullish, says Vinay Rajani

Century Textile and VIP Industries are the two stock recommendations by HDFC Securities

Tata Coffee, MCX, Bajaj Electricals: 5 stocks that can jump up to 25%

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

2 stock picks by Osho Krishan of Anand Rathi: Buy LIC Housing, Adani Ports

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

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Kaveri Seeds chart indicates a trend reversal, while Piramal Enterprise is in a rising channel pattern

Sameet Chavan of Angel Broking is bearish on Bajaj Finance; check why

Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'

Here's a derivative strategy on Mahanagar Gas by HDFC Securities

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.

Two stocks that Osho Krishan of Anand Rathi is bullish on

Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts

3 stocks picks by Ajit Mishra that can offer good returns in short-term

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

Two stocks that are flashing bullish signals on tech charts

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

Market outlook & two stock ideas by Sameet Chavan of Angel Broking

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