NIFTY Technical View & Analysis

In this article, We will study NIFTY Technical View & Analysis of major stocks.

Avanti Feeds is trading in the range of 480 to 500 for last couple of weeks. The highest volume purchase occurred on 4th March 2021.

SHREECEM is trading below VWAP and Supertrend. 27334 is the next support level which is crucial.

Bajaj auto has entered range bound after rally on March 1, 2021. There is no significant down side as of now.

Bharti Airtel is bearish from 26th Febrary 2021. Next important support level is 525. If it breaks with volume, then more down fall is speculated.

Titan moved along with other Nifty shares and there is no significant change in either bull or bearish levels.

CIPLA share is under focus since spikeis covid cases. The demand and supply curve will be vital for this stock. Detailed Cipla technical analysis is here.

Sunpharma has moved into distribution zone. Strong news can uplift this stock else we don’t see much movement.

TECHM RSI is trading near 40 levels. If it goes down another 20 points, then it will either stay in same zone until fabulous news or events occurs for this stock.

BPCL is interesting stock to watchout in coming week. The oil prices has made bigger moves in Indian nifty market. Any sudden incline or decline in crude oil will affects fundamentals of BPCL.

M&M is under range bound and I will only look for next quarterly report.

Dr Reddy has lot of resistance near 5000-5100 levels. If it clears that with high volume then more rally is possible.

BAJAJFINSV has lost 1500 points in last 2 days. It will be wait and watch situation. Most of the financial stocks are highly depedent on RBI and Government policy. The latest announcement from Finance Mnister Nirmala Sitaraman, made positive impact in the stock price on 2nd and 3rd March.

Britannia seems to be near VWAP level after good rally. It may continue rally if there is global cues remains positive or consolidate.

Hindustan Unilever is in the consolidation zone. No major movements in last couple of weeks.

UPL lost 20 points in last 2 sessions. If it doesn’t cross VWAP and Supertrend levels then it might consolidate or fall another 20-25 points.

Kotak Bank is super bullish. If HDFC and other banks shows positive cues, then it can trace for another 100 points in upside.

HDFC Bank is in super consolidation zone. We have not heard about credit card datacenter issues for last 2 months. It would be very interesting to see how this stocks performs on April 1st, i.e. in new financial year. I would keep my all eyes on credit card related issues.

EICHERMOT is trending between 2500-2800 levels. It would be curious to see how this company respond to electric vehicles segment.

UltraCo Cement Ltd looks bullish. 6500-6700 can be good entry point.

Reliance is in pure range bound. In my opinion I would wait until stock show some direction.

COALINDIA is under rated stock. It was one of the best dividend paying stock. All eyes on Government policies on how it handles coal industry.

LINCOLN is another pharm stock. I don’t why but this stocks seems lucrative to me. As per BSEIndia, the company has consistent profit in last quarters.

To summarize, This week’s NIFTY Technical View & Analysis tells that market is in pure consolidation. It is belter to watch and wait for market direction.

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