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.
Infosys continues to defend the support from past four months; TCS shares have three supportive technical parameters that attract buying and accumulation.
Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250
The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.
Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
Budget 2022 can spark much awaited upside in the EV related stocks
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
Jewellery stocks are likely to shine in coming months on the back of likely strong Q3 performance owing to the festive demand
Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.