Ahmedabad Times

The Nifty seems to be getting into a pause relatively than a reversal, stated technical analysts. Whereas near-term momentum has weakened after the current rebound, most see the index holding key help zones and utilizing dips as shopping for alternatives. Analysts count on a buying and selling band between 23,400 and 24,500, with a decisive breakout wanted to revive directional power, even because the underlying construction stays constructive for a gradual transfer greater within the coming weeks.

DHARMESH SHAH
HEAD OF TECHNICALS, ICICI SECURITIES

The place is Nifty headed this week?
Going forward, we count on the index to oscillate throughout the broader vary of 23,400– 24,500. This consolidation would make the market wholesome, because it strengthens the market’s basis for an eventual push in the direction of the 24,800 mark (aligned with the 200-day EMA) within the coming weeks. Thereby, any decline from hereon shouldn’t be construed as adverse; as a substitute, it must be capitalised on to build up high-quality shares on dips, backed by robust earnings, as robust help is positioned at 23,100.

Buying and selling Technique
We count on the index to carry its key help zone of 23,500, being its former hole help and the 50% retracement of its current rally (22,182–24,601). Therefore, any decline in the direction of 23,390–23,500 must be used as a shopping for alternative for a goal of 23,800. Within the course of, robust help is positioned at 23,270 ranges.
TOP BETS FOR THE WEEK JSW Metal: Purchase at Rs 1,240–1,266 | Cease loss at Rs 1,115 | Goal Rs 1,445

The inventory seems to be enticing after a robust rebound from the decrease band of its long-term rising channel. Structurally, the 52-week EMA has acted as a “flooring” since July 2022, with shopping for demand re-emerging close to this stage, supporting a beneficial risk-reward at present ranges.

Energy Grid: Purchase at Rs 306–316 | Cease loss at Rs 289 | Goal Rs 352

Structurally, the inventory has damaged out of a long-term falling trendline resistance connecting the highs of October 2024 & 2025. The present pullback has fashioned a bullish flag sample above the 52-week EMA, signalling base formation close to an elevated help zone and an incremental shopping for alternative with risk-reward.

SUDEEP SHAH
HEAD – TECHNICAL AND DERIVATIVE RESEARCH, SBI SECURITIES

The place is Nifty headed?
The restoration rally from the current low of twenty-two,182 has misplaced momentum, shifting from a pointy rebound right into a part of correction and consolidation. Nifty slipped under 23,900 and ended the week down 1.87%, largely attributable to revenue reserving after the prior upmove. Technically, the index has damaged under its 20-day and 50-day EMAs, indicating weakening short-term power. Momentum indicators additionally replicate softness, with RSI slipping under key ranges and MACD displaying a gradual lack of bullish momentum. This implies a possible range-bound part relatively than a robust directional transfer. From a ranges perspective, the 23,700–23,650 zone is an important help space, with a breakdown probably dragging Nifty in the direction of 23,300. On the upside, resistance is positioned at 24,200–24,250, and solely a sustained transfer above this band can revive bullish momentum.

Buying and selling Methods
Because the index is buying and selling in a spread with volatility, we advise merchants to go lengthy on Nifty on a breakout above 24,250, with a cease loss at 24,000 for a goal of 24,700.

TOP STOCKS FOR THE WEEK
Cochin Shipyard: Purchase at Rs 1,664 | Cease loss at Rs 1,580 | Goal Rs 1,850–1,950

Cochin Shipyard is buying and selling above its key shifting averages throughout timeframes. Publish consolidation, the inventory has seen a robust breakout, with shopping for seen on all dips. Relative power versus different defence names and the broader market stays beneficial.

Aster DM Healthcare: Purchase at Rs 705 | Cease loss at Rs 660 | Goal Rs 750–770

It continues to commerce in a gradual uptrend, holding firmly above its key medium- and long-term shifting averages. We count on it to maneuver in the direction of Rs 750–770.

TANMAY SHAH
RESEARCH HEAD, SIHL

The place is Nifty headed this week?
Technically, the index stays influenced by ongoing geopolitical developments, conserving volatility elevated. For the week forward, Nifty is prone to discover robust help round 23,600, which may act as a base for consolidation. So long as this stage holds, the broader construction stays constructive, with a possible resumption of the uptrend in the direction of the 200-day shifting common positioned close to 25,125. A decisive transfer past 24,450 would additional strengthen bullish momentum.

Buying and selling Technique
Suggest a bull name unfold to place for near-term upside. Merchants could contemplate shopping for the 23,900 Name and promoting the 24,400 Name of the fifth Could expiry. The technique provides a beneficial risk-reward with restricted draw back, whereas capturing positive factors if Nifty traits greater in the direction of the higher resistance zone. It’s well-suited for a reasonably bullish view amid an bettering technical setup.

TOP STOCKS FOR THE WEEK

Coal India: Purchase at Rs 455 | Cease loss at Rs 441 | Goal Rs 478–486

The inventory exhibits relative power in a weak market, persistently holding above its 20-week shifting common, indicating robust help. Sustained closes above this stage sign a bullish bias.

Graphite India: Purchase at Rs 724.8 | Cease loss at Rs 690 | Goal Rs 765–780

Technically, the inventory has fashioned a symmetrical triangle sample on the upper timeframe and delivered a decisive upside breakout, indicating structural power. The development stays bullish post-breakout