Page 9 - Market Technicals
CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher
Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent
 "CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher")
Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350
Bias for Silver futures likely to remain bullish, with near support seen at Rs 63,600 followed by Rs 62,500 level.
 "Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350")
Will one-licence regime revive trend in insurance stocks? Chart check here
Among individual stocks, even as SBI Life trades record high the stock has been unable to enter unchartered territory. The proposed changes to the sector may help revive sentiment going forward.
 "Will one-licence regime revive trend in insurance stocks? Chart check here")
Mehul Kothari recommends to buy Astral, Voltas
The technical analyst from Anand Rathi recommends to keep a stop on Astral at Rs 1,860 and Voltas at Rs 815.
 "Mehul Kothari recommends to buy Astral, Voltas")
F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.
 "F&O Strategy: Here's why Nandish Shah recommends Bull spread on M&M Finance")
Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts
Meanwhile, the market's attention in the next few weeks will shift to the outcome of the Gujarat assembly election and the monetary policy action of the Reserve Bank of India (RBI)
 "Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts")
TCS, Tata Coffee: 5 Tata Group stocks that you can bet on for a good return
With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.
 "TCS, Tata Coffee: 5 Tata Group stocks that you can bet on for a good return")
Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals
The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.
 "Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals")
Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate
The MCX Crude Oil December futures could test Rs 7,100-level on the upside as long as the commodity manages to sustain above the 100-WMA support.
 "Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate")
Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.
Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%
The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.
 "Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%")
Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX
The technical analyst from Anand Rathi expects Kothari Sugars to rally to Rs 46.50, while Indian Energy Exchange can surge to Rs 160.
 "Here's why Mehul Kothari recommends to Buy Kothari Sugars, IEX")
Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level
The Rs 51,865-level is the 20-DMA for MCX Gold, below which the next major support is seen at Rs 51,050.
 "Support for MCX Gold seen at Rs 51,865; Silver may dip to Rs 59,000-level")
Export quota hike may trigger up to 33% rally in these 3 sugar stocks
Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.
 "Export quota hike may trigger up to 33% rally in these 3 sugar stocks")
Mehul Kothari recommends to buy Bajaj Finance, Redington; Check Why
The technical analyst from Anand Rathi has reiterated the Buy call on Redington (India) with a higher price target of Rs 210; Also, expects Bajaj Finance to rally to Rs 7,060.
F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro
The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.
 "F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro")
After up to 44% rally, charts hint more upside in these mid, smallcap stks
Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.
 "After up to 44% rally, charts hint more upside in these mid, smallcap stks")
Is the bottom near for Nykaa shares? Here's what charts say
Shares of Nykaa have managed to hold ground above its all-time low despite multiple bouts of selling pressure from pre-IPO investors, thus raising hope for the bulls at the counter
 "Is the bottom near for Nykaa shares? Here's what charts say")
MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support
On the upside, the MCX Crude Oil December futures can test Rs 7,200 to Rs 7,400 levels during the consolidation phase.
 "MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support")
Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani
The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.
 "Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani")
