Nifty may face hurdle around 10175; top 5 stocks which can gain up to 5% in the short term

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Benchmark indices closed positive after reports suggested that the United States and China have quietly started negotiations to improve US access to Chinese markets, thereby easing fears of a trade war between the two economic giants.

In the week ahead, domestic investors will look forward to the fiscal deficit data to be released on Wednesday. Also, the expiry of the current month futures and options contracts are due on Wednesday and positions will be rolled over to next month.

Among sectoral indices, the Nifty PSU Bank index ended 4.94 percent higher led by an over 10 percent rise in the shares of Canara Bank.

Nifty witnessed sharp rebounds from Friday's low of 9951 levels and closed higher at 10130.65 up 132.60 points. It has formed 'Evening Star' candlestick pattern indicating a short term trend reversal. It might face hurdle around 10175 mark i.e. 200 SMA. Any decisive break above this level may add momentum on upside till 10260-10300 levels. Furthermore, RSI has given a positive crossover on daily scale.

Nifty Bank rebounds sharply after taking support around lower band of Falling Channel. It has formed a 'Bullish' candle on daily scale indicating a short term bounce back. It might face strong hurdle around 24550-24600 levels i.e. Downward sloping trendline. Now it has to cross 24600 levels decisively for further upside.

Moreover, momentum oscillators like RSI & MACD are on verge of breakout which is a bullish set-up.

ICICI Bank | Rating: Buy | Target: Rs 292, stop loss: Rs 272 | Return: 4%

JK Tyre & Industries | Rating: Buy | Target: Rs 157, stop loss: Rs 143 | Return: 5%

BEML | Rating: Buy | Target: Rs 1090, stop loss: Rs 1028 | Return: 3%

InterGlobe Aviation | Rating: Buy | Target: Rs 1320, stop loss: Rs 1250 | Return: 3%

Escorts | Rating: Buy | Target: Rs 819, stop loss: Rs 795 | Return: 1%

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.