Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
BATA INDIA has been correcting from 1,950 without any meaningful bounce
The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.
Several cotton spinning mills in India have slashed or ceased cotton production on the back of higher prices. Analysts have now turned cautious over the textile sector's outlook for the near-term
M&M closed with a bullish engulfing pattern on the daily chart with a jump in volumes
It was a mixed session for the stocks owned by ace investor Rakesh Jhunjhunwala, who passed away on Sunday. With his insights no longer guiding investors, is it time for you to exit these stocks?
KKR sold the entire 26.8% stake worth Rs 9,400 cr as part of its exit strategy
Mid-and-small-caps indexes have outperformed their large-cap peers in July so far. So what is attracting investors to these two market segments, and will this outperformance last?
With plateauing commodity prices, increased out-of-home consumption and some state govts reducing taxes, the worst may be behind the liquor sector. Find out if investors should pick up related stocks.
The technical analyst from HDFC Securities recommends buying DLF June 300 Put and simultaneously selling 280 Put.
The technical analyst from HDFC Securities recommends buying Birla Soft and ABB India for near term gains.
According to the technical analyst from Anand Rathi, UPL has formed a Bullish Bat pattern and can rally up to Rs 775.
The technical analyst from HDFC Securities recommends buying M&M Finance June future with a stop at Rs 183 for a target of Rs 194.
Is there more steam left in these counters, or is it time to take money off the table? Here's what technical charts suggest.
Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.
According to the technical analyst from Anand Rathi, Elecon has confirmed a range breakout while HPCL seems to be testing support at its long-term trend line.
The technical analyst from HDFC Securities recommends buying Federal Bank 95 Call and simultaneously selling 100 Call for the June expiry.
Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.