( 1 ) NIFTY -
·
Closed price : 23848
·
Strong Support : 23606 /
23474
·
Resistance price : 23979
/ 24008 / 24088
Reasons for Recommended –
Technical outlook for the Nifty Index Recent
Performance: The index has shown a bullish trend, closing above the 24,169
mark, indicating positive market sentiment.
Short-Term (5
& 10-Day SMAs): The index is trading above these averages, indicating
short-term bullishness.
Long-Term (100
& 200-Day SMAs): The index is above these averages, reinforcing a long-term
bullish trend.
The Nifty index
is currently exhibiting a cautiously bullish trend, with positive momentum in
the short term.
( 2 ) BANK NIFTY -
·
Closed price : 54223
·
Strong Support : 53808 /
53676
·
Resistance price : 54474
/ 54636 / 54808
Reasons for Recommended –
Bank Nifty is exhibiting a bullish technical
outlook, supported by strong momentum indicators, positive price action, and
favorable derivative data. Relative Strength Index (RSI): At 84.91, indicating
strong bullish momentum and overbought conditions.
Moving Average
Convergence Divergence (MACD): Positive at 415.97, suggesting a bullish trend.
Average Directional Index (ADX): At 52.15,
indicating a strong trend. & Stochastic Oscillator: At 99.86, indicating
strong bullish momentum.
Commodity
Channel Index (CCI): At 117.13, suggesting the stock is in a bullish phase
& Ultimate Oscillator: At 82.35, indicating strong bullish momentum. Bank
Nifty is currently exhibiting a bullish technical setup. Key indicators such as
the RSI, MACD, and ADX suggest strong upward momentum.
( 3 ) OIL INDIA -
·
Closed price : 370
·
Strong Support : 357 /
344
·
Resistance price : 393 /
404 / 414
Reasons for Recommended – Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.
( 4 ) RVNL -
·
Closed price : 357
·
Strong Support : 344 /
330
·
Resistance price : 373 /
380
Reasons for Recommended –
Futures data shows a increase in futures
price accompanied by an increase in open interest, suggesting potential
positive price movement in the coming days.
( 5 ) GUJARAT STATE PETRONET
-
·
Closed price : 295
·
Strong Support : 280 /
273
·
Resistance price : 317 /
330
Reasons for Recommended –
Here's the technical overview for Gujarat
State Petronet Ltd MACD (12,26): -7.13 – Indicates a bullish crossover,
suggesting potential upward momentum.
Stochastic RSI
(14): 54.74 – Neutral, awaiting a clear trend.
Short-Term (5,
10, 20-day SMA & EMA): bullish signals; some indicate 'Buy'.
( 6 ) RAILTEL CORP. -
·
Closed price : 297
·
Strong Support : 286
·
Resistance price : 314 /
320
Reasons for Recommended –
Chart signals a bullish trend, it suggests
the potential for an upward movement in the short term.
( 7 ) PETRONET LNG -
·
Closed price : 294
·
Strong Support : 280 /
267
·
Resistance price : 313 /
320
Reasons for Recommended –
A breakout above this level could signal a
more significant bullish move. 
( 8 ) GE POWER INDIA -
·
Closed price : 250
·
Strong Support : 233
·
Resistance price : 274 /
280
Reasons for Recommended –
Moving Averages: Both simple and exponential moving averages across
various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal.
Overall, the
technical indicators present a positive outlook for Tech Mahindra Ltd., with
moving averages suggesting a strong buy.
( 9 ) RITES LTD -
·
Closed price : 226
·
Strong Support : 213
·
Resistance price : 244 /
250
Reasons
for Recommended – While
technical indicators currently suggest a bullish trend.
( 10 ) NOCIL LTD -
·
Closed price : 180
·
Strong Support : 164 /
157
·
Resistance price : 193 /
204
Reasons for Recommended –
Some technical distribution pattern has been
observed in the stock's price, indicating a potential medium-term bullish.
( 11 ) RASHTRIYA CHEMICALS -
·
Closed price : 128
·
Strong Support : 114 /
103
·
Resistance price : 144 /
150
Reasons for Recommended –
Moving Averages: Both simple and exponential moving averages across
various periods (20, 50, 100, and 200 days) suggest a 'Strong Buy' signal.
Average Directional Index (ADX): The ADX value is 35.36, suggesting a strong trend.
Overall, the
technical indicators present a positive outlook for Rashriya Chemicals Ltd.,
with moving averages suggesting a strong buy.
( 12 ) DCB BANK -
·
Closed price : 120
·
Strong Support : 108 / 97
·
Resistance price : 133 /
140
Reasons for Recommended –
On the daily chart, DCB Bank has formed a
bullish engulfing pattern, accompanied by strong volume and a rising Relative
Strength Index (RSI). This suggests potential upward momentum.
( 13 ) GRASIM IND. -
·
Closed price : 2763
·
Strong Support : 2727
·
Resistance price : 2788 /
2808
Reasons for Recommended –
Grasim Industries Ltd exhibits a bullish
technical outlook & Relative Strength Index (RSI 14): Approximately 60.28,
indicating bullish momentum without being overbought.
MACD (12,26):
Positive at 29.04, suggesting a bullish crossover and upward momentum & Stochastic
Oscillator (9,6): At 72.89, reinforcing bullish sentiment & Williams %R: At
-28.04, suggesting bullish conditions.
Rate of Change
(ROC): Positive at 1.88, confirming upward price movement. Ultimate Oscillator:
At 58.30, supporting a bullish trend.
Short-Term (5,
10, 20-day): Prices are trading above these averages, indicating short-term
bullishness.
Long-Term
(100-day & 200-day): Trading above these averages confirms a sustained
long-term bullish trend.
Grasim
Industries Ltd demonstrates a robust bullish technical profile, supported by
favorable indicators.
( 14 ) SUN PHARMA -
·
Closed price : 1752
·
Strong Support : 1723 /
1707
·
Resistance price : 1777 /
1790
Reasons for Recommended –
Sun Pharmaceutical Industries Ltd exhibits a
bullish technical outlook, supported by positive price action, favorable
technical indicators.
Moving
Averages: The stock is trading above its 50-day and 200-day moving averages,
reinforcing a bullish trend. Momentum Indicators: Positive momentum is
observed, with indicators like the MACD and RSI supporting continued upward
movement.
Sun Pharma
demonstrates a strong bullish technical profile : Consistent upward price
movement. Investors may consider Sun Pharma as a potential candidate for
long-term growth.
( 15 ) TATA CONSUMER -
·
Closed price : 1121
·
Strong Support : 188 /
1073
·
Resistance price : 1137 /
1150
Reasons for Recommended –
Tata Consumer ltd Moving Averages:
Both simple and exponential moving averages across various periods (20, 50,
100, and 200 days) suggest a 'Strong Buy' signal.
Overall, the
technical indicators present a positive outlook for Lupin Ltd., with moving
averages suggesting a strong buy.
·
Closed price : 1906
·
Strong Support : 1934 /
1940 / 1955
·
Resistance price : 1884 /
1870
Reasons for Recommended –
Hdfc Bank Ltd. is exhibiting bearish signals across
multiple technical indicators.
The RSI indicates that the stock is in
oversold conditions, which could lead to a potential reversal or consolidation.
However, the
MACD's position suggests ongoing bearish momentum. The moderate ADX value
reflects a somewhat defined trend.
The stock's position below both the 50-day and 200-day SMAs points to potential short- to medium-term bearishness.
( 17 ) INFOSYS -
·
Closed price : 1426
·
Strong Support : 1447 /
1460
·
Resistance price : 1397 /
1390
Reasons for Recommended – The technical indicators for Infosys Ltd.
suggest a strong bearish trend. The stock is in oversold territory, indicating
potential for a short-term rebound; however, the prevailing trend remains
downward.
( 18 ) RELIANCE -
·
Closed price : 1271
·
Strong Support : 1303 /
1323 / 1330
·
Resistance price : 1255 /
1230
Reasons for Recommended – The stock's position below both the 50-day and 200-day SMAs points to potential short- to medium-term bearishness.
INVESTMENT STOCKS -
( 19 ) SBFC FIN. -
·
Closed price : 90
·
Strong Support : 83
·
Resistance price : 103 /
113
Reasons for Recommended –
SBFC Finance Ltd (NSE: SBFC) presents a
promising long-term investment opportunity, particularly for investors with a
3–5 year horizon. The company's robust growth trajectory, sound financials, and
favorable projections underscore its potential.
Revenue &
Profit Growth: SBFC Finance is projected to achieve annual revenue growth of
approximately 21.6% and earnings growth of 21.5% over the next few years.
Earnings per share (EPS) are expected to grow by 21.2% annually, with a
forecasted return on equity (ROE) of 14.7% within three years.
Profitability
Metrics: The company reported a net income of ₹2.5 billion on revenues of ₹9.3 billion, resulting in a
net margin of 26.9%. Its profitability score stands at 49/100, indicating
moderate profitability with room
for improvement.
SBFC Finance
Ltd demonstrates solid fundamentals and growth potential, making it a viable
option for long-term investors.
( 20 ) NHPC LTD -
·
Closed price : 80
·
Strong Support : 73
·
Resistance price : 93 /
97
Reasons for Recommended – NHPC Ltd
presents a compelling long-term investment opportunity, particularly for
investors interested in the renewable energy sector. The company's stable
financials, government backing, and strategic focus on hydropower position it
well for sustained growth.
Revenue Growth:
In FY2024, NHPC reported a total revenue of approximately ₹8,396.50 crore, marking a
significant milestone in the company's financial performance.
Profitability:
The company maintains a healthy net profit margin of 27.4%, indicating
efficient operations.
Debt Profile:
NHPC has a debt-to-equity ratio of 0.79, reflecting a moderate debt level that
is manageable given its stable cash flows.
Renewable
Energy Focus: NHPC is actively expanding its renewable energy portfolio,
aligning with India's push for clean energy and favorable government policies.
NHPC Ltd stands
out as a stable and promising long-term investment, especially for those
looking to capitalize on the growth of renewable energy in India.
·
Closed price : 58
·
Strong Support : 53 / 48
·
Resistance price : 67 /
75
Reasons for Recommended –
Gateway Distriparks Ltd presents a mixed
outlook for long-term investors. While the company demonstrates financial
stability and holds a significant position in India's logistics sector.
Financial Overview (FY 2023–24) : Revenue: ₹1,536.13 crore,EBITDA: ₹396.68 crore & Net
Profit (PAT): ₹258.27 crore, EBITDA Margin:
26%.
These figures
indicate a solid financial foundation with moderate leverage, suggesting the
company is well-positioned to manage its obligations and invest in growth
opportunities.
Gateway
Distriparks Ltd exhibits financial stability and holds a strategic position in
India's logistics industry. However, recent stock performance and moderate
growth projections suggest that investors should approach with caution.
( 22 ) IDFC FIRST BANK -
·
Closed price : 57
·
Strong Support : 50
·
Resistance price : 64 /
70 / 77
Reasons for Recommended –
IDFC First Bank Ltd exhibits a mixed
technical outlook for long-term investors. While certain indicators suggest
bullish momentum.
Moving
Averages: The stock is trading above its 50-day and 200-day Simple Moving
Averages (SMAs), indicating a bullish trend.
MACD (Moving
Average Convergence Divergence): The MACD indicator shows a value of 1.6, which
is a bullish signal, indicating upward momentum.
ADX (Average
Directional Index): With an ADX value of 45.59, the trend strength is strong,
supporting the current bullish trend. IDFC First Bank Ltd presents a compelling
case for long-term investment.
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