HDFC Bank has also rebounded sharply and surpassed the resistance zone of moving averages ribbon on the daily chart
Dr Lal PathLabs' stock seems to have lost its sheen now as we are seeing consistent corrective moves over the past few weeks
Those at Motilal Oswal caution against the possible earnings downgrades going ahead due to the mobility restrictions, which they believe has 'muddied sentiment and impaired FY22 earnings visibility
Below 14,416, Nifty could slide towards next support of 14,150
Quess Corp's stock is forming bullish flag pattern on daily charts
The stock of Adani Power has improved the bias with decent volume participation
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
Only a decisive close below 47,000 may accelerate selling pressure on the S&P BSE Sensex, charts show
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
Shareholders of Union Bank of India approved the bank's proposal for raising up to Rs 6,800 crore equity capital to fund business growth
Nifty's momentum indicators and oscillators on the weekly scales are still in 'buy' mode
On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels
For Tata Steel, keep a stop at 380 and go short
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike
Here is a list of stocks that could see major movements today
Weekly technical recommendation by Religare Broking
Jindal Saw, Godawari Power & Ispat and Dixon Technologies, Automotive Axles, MIRC Electronics