From F&O expiry-week perspective, Foram Chheda, the CMT, Technical Analyst and founder of ChartAnalytics believes Axis Bank and Bajaj Auto appear promising. "Both counters have shown sustained strength and are witnessing robust rollovers, indicating continued trader interest," she said in an interview with Moneycontrol.
Technically, she noted the Nifty 50 has broken out of a symmetrical triangle pattern, which confirms the potential for an upward move.
The Nifty 50 is well-poised to surpass the 26,000 mark in the near term, Foram said, adding Bank Nifty sustaining above 57,300–57,400 range could open the path toward 60,000, marking the next milestone before any meaningful consolidation.
Do you expect the Nifty 50 to consolidate during the expiry week, or do you see the index potentially moving beyond 26,000 in the coming days?
With ongoing global tariff discussions, volatility is likely to remain an inherent part of market movement. Technically, Nifty 50 has broken out of a symmetrical triangle pattern, which confirms the potential for an upward move. The index is well-poised to surpass the 26,000 mark in the near term, followed by a possible phase of consolidation before resuming strength.
Additionally, strong quarterly earnings and positive developments on GST front have bolstered sentiment. Should the ongoing trade negotiations with the US culminate in a favourable outcome, the market could witness a renewed upside momentum.
Do you think the Bank Nifty will remain in uncharted territory, with a target of 60,000, before entering a period of consolidation?
The Bank Nifty continues to outperform the broader Nifty 50, having recently met the target of a minor inverse Head & Shoulders pattern near 58,000 and hitting a record high of 58,261. A brief pullback toward the 57,300–57,400 zone—its previous resistance now turned support—cannot be ruled out. Sustaining above this range could open the path toward 60,000, marking the next milestone before any meaningful consolidation.
Which two stocks would you consider betting on during the monthly F&O expiry week?
From an expiry-week perspective, Axis Bank and Bajaj Auto appear promising. Both counters have shown sustained strength and are witnessing robust rollovers, indicating continued trader interest.
Axis Bank has been maintaining higher highs on the daily charts, while Bajaj Auto’s price action reflects strong momentum and accumulation, suggesting further upside potential.
Do you believe Sammaan Capital and DCB Bank are at the beginning of a bull run?
Sammaan Capital has broken above its downward-sloping trendline on the monthly chart, indicating the initiation of a bullish trend. The stock could head toward Rs 218–220, but a decisive monthly close above Rs 245—its July 2021 closing level—would confirm a major trend reversal and signal the onset of a broader bull run.
On the other hand, DCB Bank has shown impressive momentum supported by rising volumes, reinforcing its bullish structure. A breakout in the RSI also validates the positive price action. The stock currently hovers near a crucial resistance, and a monthly close above Rs 150—which would mark its highest close since March 2020—could officially confirm a new bull phase.
Are the charts signalling strong conviction that the Nifty Defence Index will continue its upward momentum?
The Nifty India Defence Index formed a double top near 9,159 in June before undergoing a corrective decline that found support around Rs 7,368. Since then, the index has rebounded and is now consolidating near the 50% Fibonacci retracement of that fall. With the RSI remaining neutral, a sustained move above Rs 8,455 would confirm renewed momentum and could drive the index back toward its previous peak near Rs 9,159. Until then, consolidation may continue.
Do you anticipate the Nifty Metal Index to start a new leg of upward movement, leading to a robust rally ahead?
The Nifty Metal Index recently broke above the key resistance zone of 10,100, confirming a structural breakout. Although the index has witnessed a mild retracement since then, it continues to hold above the breakout level, which reinforces the underlying bullish bias. Any further dip should be viewed as a buy-on-decline opportunity, with potential for a fresh leg of rally as the next phase unfolds.
Many experts believe that midcaps and smallcaps will outperform largecaps from here on. Do you agree with this view?
While largecaps have been leading the broader market uptrend so far, the Midcap Index now appears better positioned from a technical standpoint. It is approaching a breakout from its prolonged consolidation phase, which could trigger relative outperformance in the coming sessions.
In contrast, smallcaps may continue to see selective, stock-specific action rather than broad-based participation. Thus, midcaps could take the leadership baton in the near term, while smallcaps may offer opportunities on a more tactical, case-by-case basis.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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