Chartist Talks: IT & FMCG stocks to bolster Nifty, spotlight on top blue chips
Sudeep Shah believes that largecap and midcap IT stocks are likely to continue their outperformance in the next couple of trading sessions.
Chartist Talks: Sector rotation supports Nifty at higher levels; IT, pharma, railways, and defense to be in focus, says Sudeep Shah of SBI Securities
On the downside, if the Nifty 50 slips below the level of 24,000, then the next support is placed in the zone of 23,800-23,750 levels.
Chartist Talks: Mid, Smallcap indices may throw a surprise party, but consolidation likely in Nifty, says Sudeep Shah of SBI Securities
Nifty 50 index is likely to slide into a period of consolidation after a sharp upside rally, says Shah
Chartist Talks: Go long on the Nifty, bet big on the railways — Sudeep Shah, SBI Securities
Shah believes that the Nifty mid and smallcap indices are likely to continue their outperformance in the next few trading sessions.
Chartist Talks: Apply Bull Call Spread strategy for Nifty, but avoid FOMO feeling amid broad-based rally, says Sudeep Shah of SBI Securities
Technically, as the Nifty 50 index is trading at all-time high levels, all the moving averages and momentum-based indicators are suggesting bullish momentum, says Sudeep Shah.
Chartist Talks: Use hedging strategies instead of naked options positions ahead of poll results — Sudeep Shah, SBI Securities
Shah also suggests that market participants stay away from over-leveraged trades, and feels that the automobile, capital goods, and pharma sectors are likely to outperform in the next couple of trading sessions
Chartist Talks: Sudeep Shah of SBI Securities sees strong bullish momentum in these 2 stocks
As long as Nifty 50 is trading above the support zone of 22,750-22,700, it is likely to test 23,150, followed by 23,350 in the short term, feels Shah.
Chartist Talks: Sudeep Shah of SBI Securities explains why Balkrishna Industries, Zydus Life hold bullish structure
As long as the NIfty 50 trades above this support zone, it is likely to continue its upward movement towards the 22,800-22,850 zone, which is the upper trendline of rising channel, Sudeep Shah of SBI Securities said.
Chartist Talks: Milan Vaishnav believes these 2 largecaps are in a structural uptrend, should be in portfolio
Vaishnav said he would prefer stocks with improving relative strength and low beta and believes Lupin and Tata Consultancy Services fit the bill.
Chartist Talks: Jigar Patel sees possibility of Nifty falling to around 21,000 after Lok Sabha election results
In the case of Nifty, a decision to initiate a long position will only be considered if the index closes above the 22,150 level on a daily basis. This threshold represents a critical point of confirmation for a bullish momentum, says Jigar Patel.
Chartist Talks: Bearish signal to turn strong if Nifty breaks down April lows, says Jatin Gedia
FMCG and IT sector stocks are bouncing from long term support of their respective 200-day moving averages.
Chartist Talks: Shivangi Sarda believes ABB India, Siemens can still generate 8-10% upmove from current levels
With consumption stocks in action and momentum, focus is on ITC which is steadily making a base for a fresh leg of rally, says Shivangi Sarda.
Chartist Talks: Amol Athawale of Kotak bullish on these 3 stocks, but bearish on Nifty 50
Amol Athawale believes to stick with good quality frontline IT companies would be the ideal strategy for the positional traders.
Chartist Talks: Milan Vaishnav worried about market mood as Nifty and VIX rising simultaneously look absolutely unhealthy
The Nifty Realty index is not yet overbought on the charts. It has hit a fresh 52-week high following classical consolidation, said Milan Vaishnav.
Chartist talks: REC, PFC look overbought, but no sign of trend reversal for Zomato, says Ashish Kyal
For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.
Chartist Talks: Sudeep Shah advises Bull Call Spread strategy for Nifty next week, picks these 2 largecaps
With the global markets on a rebound mode post the US Fed Policy announcement, Shah, of SBI Securities, feels Nifty could continue consolidating between 22,280 on the downside and 22,800 levels on the upside in the coming week.
Chartist Talks: Mehul Kothari advises going long on these 2 stocks for the coming week
Kothari, DVP, who has around 15 years of work experience in technical research, is bullish on Balrampur Chini Mills and DCM Shriram for the coming week.
Chartist Talks: Nifty Pharma likely scaling towards 20,000 mark in May, no overbought conditions in BHEL, says Jatin Gedia
The consolidation in Nifty Pharma index is likely to breakout on the upside, says Jatin Gedia, who is a technical research analyst at Sharekhan by BNP Paribas.
Charist Talks: Osho Krishan believes Nifty Auto to remain in uncharted territory, bullish on Balkrishna Industries
NHPC has seen strong traction in the last couple of trading sessions as it resurged from its 21 DEMA to witness an ‘Inverted Head & Shoulder’ pattern breakout on the daily chart, says Osho Krishan.
Chartist Talks: Jigar Patel sees Bank Nifty at 51,000-52,000 by mid-May
The recent price action of Yes Bank indicates a significant development in its long-term trend, says Jigar Patel
Chartist Talks | Jatin Gedia recommends short iron butterfly strategy for Nifty 50, Bank Nifty this week
For Nifty, 23000 appears more probable while 23,500 would be over optimistic in May series, says Jatin Gedia.
Chartist Talks | Ashish Kyal suggests short strangle strategy for Nifty in monthly F&O expiry week
From long term perspective, one can continue to accumulate Infosys on dips if time horizon is 2 years or more, says Ashish Kyal.
Chartist Talks | Nifty 50 to stay under pressure, it's time to gather IT blue chips, says Milan Vaishnav
Milan Vaishnav sees Nifty Bank improving its relative performance against Nifty.
Chartist Talks | Bears may get more strength if Nifty breaks 22,200 support, says Sudeep Shah of SBI Securities
Any sustainable move below the level of 22,200 lead to extension of profit-booking in Nifty 50 upto the level of 21,950-21,900 in short-term, says Sudeep Shah.
Chartist Talks | Save your profits until Nifty climbs 22,550-22,600 zone with conviction, says Milan Vaishnav
Milan Vaishnav said one can go for a short strangle for Nifty (selling CE 22,600 and selling PE 22,000). This is likely to see a yield of approximately 3 percent per lot on the capital deployed.
