Century Textile and VIP Industries are the two stock recommendations by HDFC Securities
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
IOC closed on a strong note in the last session and is currently hovering between its short and medium exponential moving averages on the daily chart
Bajaj Finance's stock price has broken out from symmetrical triangle on the daily charts, and rising volumes have confirmed the breakout
With the RSI well-placed and indicating a trend reversal to signal a buy, Tata Chemicals' stock is expected to rise further in the coming days
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support
The stock price of Indian Hotels has broken out from its three-week-long consolidation
MSTC's stock has been in a consolidation phase for quite some time maintaining the base near 255 levels and currently has given a bullish candle pattern in the daily chart
Momentum indicators are in favour of bulls
The 14-period RSI has seen positive crossover affirming the bullish stance in the Dabur counter from a short to medium-term perspective
HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis
Nifty has recently made higher bottoms at 14,416 and 14,591 and continues to trade above the 20 and 50-day SMA
HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart
Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart
According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the markets are currently pricing in a lot of positives
Nifty has broken out from the rising wedge pattern on the daily chart