It would be advisable to initiate fresh shorts only below 10300 in the Nifty. Resistance for the same would remain in the range of 10600-10640.
Looking at the weekly chart formed last week, Nifty formed a Bearish Engulfing pattern and the impact of the said pattern was clearly seen in this week.
Sudarshan Sukhani of s2analytics.com advises selling Canara Bank, NMDC and Godfrey Phillips.
Maruti, DRL and UPL, among others, are being tracked by investors on Monday.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts and Mphasis.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Dr Reddy's Labs, TCS and Wockhardt and can exit MMTC.
Sameet Chavan of Angel Broking is of the view that one may sell OBC with a target of Rs 110.
Most of the high beta stocks saw strong momentum in the year 2017 and is finding favour in the year 2018 as well. But, will it work every time? Well, analysts are of the view that out-of-favor stocks have beaten the benchmark in the last 10 years.
Investors are better off betting on stocks which can deliver benchmark beating gains.
Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
Chandan Taparia of Motilal Oswal Securities is of the view that one may buy Indo Count Industries, Dr Reddy's Laboratories and Motherson Sumi.
Sandeep Wagle of powermywealth.com advises buying Escorts and Dr Reddy's Laboratories.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy PC Jeweller with a target at Rs 458.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank, Natco Pharma, Hindalco Industries and Axis Bank and can sell TCS.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HPCL, Sun TV Network, Tata Consultancy Services and Bata India and can sell Canara Bank.
Shahina Mukadam, Independent Market Expert is of the view that one may exit Granules India on rallies.
The global investment bank remains Overweight (OW) on auto parts and two-wheelers (2Ws) such as Eicher Motors.
Pharma stocks have been buzzing in trade, is there more legs to this rally? In an interview with CNBC-TV18, Deepak Malik, Pharma Analyst at Edelweiss Securities shared his views and readings on the same.
Tata Motors, CESC, IT and Autos, among others, being tracked by investors on Wednesday.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Repco Home Finance and buy Gujarat State Fertilizers & Chemicals, Dr Reddy’s Laboratories and Sun TV Network.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, State Bank of India and Dr Reddy's Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Capital First and LIC Housing Finance and can buy Balkrishna Industries, Hindalco Industries and UltraTech Cement.
Brokerage were mixed on the results, with some of them pinning hopes on approvals. A few also pointed out US business prospects for the firm.
IndiGo, JSW Steel, Dr Reddy’ and Info Edge, among others are on the radar of investors on Wednesday.