These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.
Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.
According to the technical analyst from Anand Rathi, McDowell could rise to Rs 920, whereas Mahindra & Mahindra can slip to Rs 1,220.
The underlying trend for the benchmark indices continues to be bullish given that the Sensex and the Nifty50 indices honor 59,000 and 17,700 levels, respectively
The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.
Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices
According to the technical analyst from Anand Rathi, Jubilant Foodworks can rally to Rs 660, while KPIT Technologies could jump to Rs 620.
Despite the 15 per cent correction from record highs, touched in August, PVR and Inox Leisure have managed to sustain above their respective 200-DMAs
Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.
According to the technical analyst from Anand Rathi, Raymond can rally to Rs 1,100, while Metropolis Healthcare can surge to Rs 1,620.
The technical and derivatives analyst recommends buying SBI 550 Call and simultaneously selling 570 Call for the September series.
ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs
Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.
The technical analyst from HDFC Securities recommends buying Canara Bank 240 Call and simultaneously selling 250 Call for the September series.
Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.
The technical analyst from HDFC Securities recommends buying Lupin 700 Call and simultaneously selling 720 Call for the August series.
The technical analyst from HDFC Securities recommends buying HCLTECH 960 Call and simultaneously selling 1000 Call of the August series.
The technical analyst from HDFC Securities recommends buying Infosys 1520 Call and simultaneously selling 1580 Call of the August expiry.
Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA
According to the technical analyst from Anand Rathi, CSB Bank can rally to Rs 240, while Dhanuka can surge to Rs 790.