Ahmedabad Times

Technical alerts counsel the current rebound on Dalal Road is gathering traction, however conviction stays key. Analysts broadly see the market making an attempt to transition from a corrective section to a extra sturdy uptrend, supported by bettering momentum and selective shopping for curiosity. Nonetheless, they warning that the transfer remains to be at a important juncture, with resistance zones prone to check the energy of the restoration.

ROHAN SHAH
TECHNICAL ANALYST, Acid C Mehta INVESTMENT

The place is Nifty headed this week?
Nifty staged a robust comeback this month after a chronic four-month decline, supported by easing geopolitical tensions and decrease crude costs. The index has approached a resistance band of 24,300–24,700, which aligns with a number of technical research. Nonetheless, sustained energy above this zone is important for the continuation of the upward momentum, probably paving the best way towards 25,500. Lack of ability to carry above this zone could set off revenue reserving, dragging the index decrease in direction of 23,500–23,200. Buying and selling Technique: Purchase Nifty futures above 24,700 for an upside goal of 25,500, sustaining a stop-loss beneath 24,250.

TOP STOCK BETS
Jubilant FoodWorks
Purchase at CMP Rs 459 | Cease-loss Rs 420 | Goal Rs 525
The inventory exhibits early reversal indicators, backed by one-year excessive volumes and a high-wave candle close to a requirement zone, indicating promoting exhaustion. The Rs 420–440 zone is essential help; RSI exhibits bullish divergence.
Maruti Suzuki India
Purchase at CMP Rs 13,453 | Cease-loss Rs 12,500 | Goal Rs 15,500

The inventory has witnessed a robust rebound after confirming a bullish ABCD harmonic sample. The formation of a cup-and-handle sample alongside bettering volumes alerts accumulation. RSI holding above its breakout degree suggests a constructive bias.

AJIT MISHRA
SVP – RESEARCH, RELIGIOUS BROKING

The place is Nifty headed this week?
Nifty is now approaching key shifting averages (100 and 200 DEMA) within the 24,600– 24,800 zone. Sustained energy above this band might open room for additional upside in direction of 25,200. In case of revenue reserving or consolidation, the 23,700–24,000 zone is probably going to supply sturdy help.

Buying and selling Methods: For the brief time period, merchants could contemplate a “purchase on dip” strategy within the 24,150–24,250 vary, with a stop-loss at 23,900 and potential targets of 24,800 and 25,200. Amongst sectoral themes, the Nifty Vitality Index has witnessed a contemporary breakout after spending greater than one-anda-half years in a consolidation section. Individuals can contemplate enjoying this theme by an ETF, i.e., Mirae Asset Nifty Vitality ETF. It’s at the moment buying and selling at Rs 39.11, and one can accumulate it within the Rs 37–40 zone with a stoploss at Rs 34 for a positional goal of Rs 52.

TOP STOCK BETS
Federal Financial institution Purchase. CMP Rs 293 | Cease-loss Rs 278 | Goal Rs 325

Federal Financial institution is in a gradual uptrend with increased highs and lows post-base formation. A robust breakout close to the 200-DMA alerts a sentiment shift; value holds above key averages, with RSI supporting continuation.

JSW Vitality
Purchase. CMP Rs 538 | Cease-loss Rs 504 | Goal Rs 598

JSW Vitality is in a stage-2 uptrend, consolidating after a robust rally. The range-bound transfer close to the 200-DMA suggests a wholesome pause, with value now making an attempt an upward breakout supported by bettering momentum.

RAJESH PALVIYA
HEAD OF TECHNICAL AND DERIVATIVES, AXIS SECURITIES

The place is Nifty headed this week?
Nifty is quick approaching 24,415—the higher boundary of the bearish hole etched on March 9. A conviction shut above 24,500, nonetheless, might open the floodgates. The following logical pit stops are 24,762— the 61.8% Fibonacci retracement of the Feb March decline—and the psychologically vital 25,000 mark. A slip beneath the 24,000–23,900 help band could be a warning shot, probably dragging the index again to retest its weekly low of 23,555. Merchants on the lengthy facet would do effectively to respect this flooring. The general outlook stays constructive, because the weekly RSI continues to remain above its reference line. This means that constructive momentum remains to be intact and never but exhausted.

Buying and selling Methods: The really helpful technique for Nifty choices for the April 28, 2026, expiry is a name unfold, excellent for a reasonably bullish market outlook. The dealer buys one lot of the 24,400-strike Name choice at a premium of Rs 260–240 and concurrently sells one lot of the 24,700-strike Name choice at a premium of Rs 130–150. This technique limits each threat and reward, creating an outlined vary for outcomes. The break-even level is at 24,530, with a most potential lack of Rs 8,450 and a most revenue of Rs 11,050.

TOP STOCK BETS
Mazagon Dock Shipbuilders
Purchase at Rs 2,618, CMP Rs 2,620| Cease-loss Rs 2,550 | Goal Rs 2,800-2,850

A breakout above Rs 2,430 alerts a shift to a main uptrend, with RSI energy confirming bullish momentum. Resistance lies at Rs 2,800–2,850; sustained energy might lengthen positive factors to Rs 3,000–3,050.

Polycab India
Purchase at Rs 8,184, CMP Rs 8,188.50 | Cease-loss Rs 7,900 | Goal Rs 8,600-8,900

An uptrend supported by a rising trendline and a doublebottom close to Rs 6,650 underpins energy. Resistance at Rs 8,700; a breakout might goal Rs 9,000+. Keep Rs 7,600 as a stop-loss; beneath this, dangers a breakdown.