Page 6 - Technical Charts

Here's why Ravi Nathani is optimistic on the financial sector

According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.

Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285

In case, the MCX Crude Oil futures fail to hold the support, the commodity could revisit its December lows of Rs 5,850 level.

Here's why Vinay Rajani recommends to buy SBI Life, Indian Oil

On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.

Charts suggest 41,569 as trend changing level on Bank Nifty: Ravi Nathani

According to the technical analyst, the if the Bank Nifty fails to hold 41,569 the trend may bearish in the short term.

Resistance for Nifty seen at 18,140, says Ravi Nathani

According to the technical analyst, the if the NSE Nifty 50 benchmark surpasses the resistance a rally to 18,265 seems likely.

Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies

According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.

TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?

The overall trend in the IT stocks have remained laggard and continues to bear high risk element.

Gold to remain bullish above Rs 55,100; Silver may remain volatile

On the upside, Gold futures can rally to Rs 56,580 during the course of the month.

Nifty IT index likely to consolidate, FMCG looks weak, says Ravi Nathani

According to the technical analyst, the IT index is expected to consolidate between 30,600 - 26,300 range.

F&O Call: Nandish Shah recommends to long Glenmark Pharma futures

The derivative analyst from HDFC Securities expects Glenmark Pharma January futues to test Rs 450 on the upside.

Watch out for these key levels on HDFC Life, ICICI Pru, says Mehul Kothari

According to the technical analyst from Anand Rathi, HDFC Life can jump to Rs 660; while ICICI Prudential Life can rally to Rs 510.

SC relief fails to cheer multiplex stocks; PVR, Inox trend may turn bearish

PVR and Inox Leisure stocks must defend key levels to avoid turning bearish, show technical charts

Bears likely to get stronger below 17,960 on the Nifty, says Ravi Nathani

On the upside, the technical analyst sees 18,336 as the key resistance for the Nifty 50.

Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333

On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.

Nifty, Bank Nifty exhibit a mixed bias, says Ravi Nathani

The technical analyst expects Nifty to test 18,336 and 18,464 on the upside; whereas Bank Nifty needs to surpass 43,860 for fresh buys, Nathani suggests.

Vinay Rajani recommends to buy HCC, Nava as stocks crossed key resistances

On the broader market outlook, the technical & derivative analyst from HDFC Securities suggests that the trend for Nifty is still bearish.

Mehul Kothari is bullish on Linde India, Saregama; check why

According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.

Gold may enter short-term corrective phase, test Rs 52,000-level

On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.

F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge

The derivative analyst from HDFC Securities recommends to Buy Bharat Forge 880 Call and simultaneously Sell 900 Call for the January expiry.

Metro Brands, Bayer Crop are ready for range breakout, says Mehul Kothari

According to the technical analyst from Anand Rathi, Metro Brands can rally to Rs 910; while Bayer Cropscience can surge to Rs 5,200.