Page 10 - Trading Strategies
Upside for crude oil capped at Rs 7,700; Natural Gas faces hurdle at Rs 492
On the downside, the MCX Crude Oil futures have near support at Rs 7,205 and Rs 7,027 levels. Meanwhile, if Natural Gas futures sustain above Rs 492, they can rally past the Rs 535-level.
 "Upside for crude oil capped at Rs 7,700; Natural Gas faces hurdle at Rs 492")
Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits
On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.
 "Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits")
Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead
MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
 "Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead")
MCX Gold, Silver futures may stay rangebound; check key levels here
The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.
 "MCX Gold, Silver futures may stay rangebound; check key levels here")
MCX Crude Oil resistance seen at Rs 7,435; Natural Gas faces Rs 515-hurdle
On the downside, the MCX Crude Oil futures have near support at Rs 7,111 and Rs 7,039 levels. Meanwhile, Natural Gas futures likely to get considerable support around Rs 486.
 "MCX Crude Oil resistance seen at Rs 7,435; Natural Gas faces Rs 515-hurdle")
MCX Gold, Silver futures likely to trade rangebound this week
The MCX Silver December futures may re-test the 200-DMA hurdle placed at Rs 60,900 in the near term.
 "MCX Gold, Silver futures likely to trade rangebound this week")
Here's why Mehul Kothari expects Axis Bank to hit Rs 1,000-mark
According to the technical analyst from Anand Rathi, a weekly close above Rs 825, can potentially trigger a massive rally in Axis Bank up to Rs 1,000-mark.
F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech
The derivative analyst from HDFC Securities recommends buying HCL Technologies 1020 Call and selling 1040 Call of the October series.
 "F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech")
TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.
 "TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why")
ITC, VIP Ind: Stocks brokerages are betting on for a cracker Samvat 2079
As we enter Samvat 2079, analysts believe that the domestic market's outperformance against global peers will sustain as fundamentals and profitability of Indian corporate improves
 "ITC, VIP Ind: Stocks brokerages are betting on for a cracker Samvat 2079")
Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
 "Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani")
Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'
Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.
 "Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'")
Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks
According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.
 "Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks")
Pivot point at 50,350 for MCX Gold this week; Silver may see volatility
The bears are likely to have the upper hand as long as MCX Gold futures trade below Rs 50,350 this week; Near resistance on the upside is seen at Rs 50,900.
 "Pivot point at 50,350 for MCX Gold this week; Silver may see volatility")
F&O Strategy: Nandish Shah recommends Bull Spread on Bata India
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
 "Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why")
Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say
After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them
 "Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say")
