According to Mehul Kothari, traders can buy PNB on dips near the 40-mark with a stop loss of 36 for upside target of 48 in 3 - 5 weeks.
According to Vinay Rajani, banking as a sector has been outperforming for a while and technical setup of bank index is much stronger than Nifty.
The derivative analyst from HDFC Securities recommends buying January 38,000 Call and selling 38,500 Call of the Bank Nifty based on the following four rationales.
According to Vinay Rajani of HDFC Securities, Nifty has got strong support at 17,944. High of 18,350 registered on Tuesday could act a short term resistance for the index.
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
According to Nandish Shah of HDFC Securities, the stock has broken out on the daily chart with higher volumes to close at highest level since December 10.
Mehul Kothari of Anand Rathi is bullish on Rain Industries and Route Mobile.
Logistics stocks have been showing strength on the medium term charts, according to Vinay Rajani of HDFC Securities.
The stock has broken out on the daily chart with higher volumes to close at highest level since December 14.
Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.
The technical analyst from HDFC Securities expects CDSL and Polycab to perform well
According to the technical analyst from Anand Rathi, Britannia is hovering near its 200 DSMA support which also coincides with the ICHIMOKU cloud on the weekly scale, thus the downside seems marginal
The derivative analyst from HDFC Securities recommends buying December 400 Call and selling 430 Call based on the following four rationales.
According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 per cent upside in one month
The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue
According to the technical analyst from Anand Rathi, Bharti Airtel has been placed at its lifetime high zone and that too has been backed by robust volumes indicating inherent strength at the counter
Food and food-related players are expected to jump up to 15 per cent in coming days
Auto ancillary stocks may jump up to 15 per cent in upcoming sessions
The technical & derivative analyst from HDFC Securities recommends buying Chambal Fertilisers and Info Edge