08/07/26, Bloomberg report on Indian Microfinance

Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry's $35 billion loan book.

“A weak monsoon could slow loan growth as lenders tighten underwriting standards and borrowers' repayment capacity deteriorates,” Geeta Chugh, sector lead for financial institutions at S&P Global Ratings, said in an interview. About 20% of microfinance borrowers have loans from more than two lenders, she estimated, adding that this segment has begun posting much higher delinquency rates than borrowers with few lending relationships.

Lenders including Bandhan Bank Ltd., and non-bank firms such as CreditAccess Grameen Ltd., Satin Creditcare Network Ltd. and Muthoot Microfin Ltd., have significant exposure to the sector. At Bandhan Bank, loans to the microfinance and micro-lending sector accounted for 23% of the total loan book at the end of March.

The microfinance sector had been under stress for the last two years after rapid credit expansion left many borrowers over-leveraged, driving up defaults and prompting lenders to tighten underwriting standards. However, conditions have begun to stabilize as lenders implement safeguards to curb borrower leverage and limit overall portfolio risk following guardrails from an industry body.

Outstanding microfinance credit expanded in January-March after contracting for seven straight quarters, according to a central bank report, supporting share prices of firms.

That recovery now faces new risks. India is expected to receive below-normal rainfall in July - the peak month of the monsoon season - after experiencing its driest June in 12 years. Poor rainfall hurts crop output and farm incomes, reducing rural households' ability to spend and repay debt. At the same time, higher fuel, fertilizer and food costs linked to the Middle East conflict could keep inflation elevated, adding further strain on low-income borrowers.

Microfinance lenders typically have about 80% of their exposures to rural areas, with 35% of loans linked directly to agriculture, 9% to agriculture-based enterprises and 20% to animal husbandry, Chugh said. While credit quality has improved across most sectors, farming was a laggard and continued to show the highest non-performing loans, the central bank said in its report released in June.

“Macro headwinds, both from the ongoing effect of Middle East crisis and weaker monsoon will fuel inflation and lenders will be cautious towards this sector. If inflation persists, it could further erode borrower repayment capacity and amplify these vulnerabilities,” Chugh said.

Source: Network18 

08/07/26, NIFTY BANK momentum in Rising Channel

 N I F T Y  B A N K

08/07/26, SENSEX momentum in Rising Wedge

 S E N S E X

08/07/26, Share Market Today

The Nifty 50 turned completely into the red in late trade and fell 0.13 percent due to profit booking on July 7 after a four-day rally. This consolidation, accompanied by range-bound trading, is expected to continue for a couple of sessions as traders await India Inc.'s quarterly earnings, although the broader market structure remains healthy. Going ahead, the 24,300-24,200 zone is expected to serve as the immediate support area, followed by 24,000 as a crucial support level. On the upside, the 24,500-24,600 zone is likely to remain the key hurdle for a sharper upmove. Hence, as long as the index trades below 24,500, consolidation may continue, according to experts.

1) Levels For The Nifty50(cmp24,399)

Resistance based on pivot points: 24,496, 24,539, and 24,608

Support based on pivot points: 24,357, 24,314, and 24,244

Special Formation: The Nifty 50 formed a bearish candlestick with upper and lower shadows on the daily timeframe, indicating indecisiveness between bulls and bears. The index slipped below the 200-day EMA after closing above it in the previous session but remained above all other key moving averages. The 10-day EMA crossed above the 100-day EMA after surpassing the 20- and 50-day EMAs in June. The momentum indicators remain on a bullish trajectory, with the RSI at 63.02, while the MACD histogram's green bar expanded for the fourth consecutive session, with the MACD staying above both the signal and zero lines. All this indicates that the broader bullish trend remains intact despite the ongoing consolidation.

2)Levels For The Nifty Bank  (cmp58,201)

Resistance based on pivot points: 58,477, 58,588, and 58,768

Support based on pivot points: 58,117, 58,006, and 57,826

Resistance based on Fibonacci retracement: 59,195, 61,678

Support based on Fibonacci retracement: 57,332, 56,465

Special Formation: The Bank Nifty declined 91 points amid profit booking and formed a red candlestick on the daily timeframe. However, the bulls continue to maintain firm control, with the index trading well above all key moving averages, all of which are trending upward. The 50-day EMA crossed above the 200-day EMA and is on the verge of moving above the 100-day EMA. The RSI remained above the 60 mark at 63.45, while the MACD witnessed a bearish crossover for the first time since May 22, with the histogram turning red. All this indicates that although short-term momentum has weakened slightly, the broader bullish structure remains intact.

3) Nifty Call Options Data:

According to the weekly options data, the 24,500 strike holds the maximum Call open interest (with 81.6 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,000 strike (55.05 lakh contracts) and 24,400 strike (53.12 lakh contracts).

Maximum Call writing was observed at the 24,500 strike, which saw an addition of 49.25 lakh contracts, followed by the 24,400 and 24,600 strikes, which added 33.25 lakh and 24.04 lakh contracts, respectively. There was hardly any Call unwinding seen in the 23,700-25,100 strike band.

4) Nifty Put Option Data:

On the Put side, the maximum Put open interest was seen at the 24,500 strike (with 46.32 lakh contracts), which can act as a key level for the Nifty in the short term. It was followed by the 24,000 strike (46.19 lakh contracts) and the 23,800 strike (35.51 lakh contracts).

The maximum Put writing was placed at the 24,500 strike, which saw an addition of 30.63 lakh contracts, followed by the 24,000 and 23,800 strikes, which added 19.85 lakh and 13.46 lakh contracts, respectively. There was hardly any Put unwinding seen in the 23,700-25,100 strike band.

5) NiftyBank Call Option Data 

According to the monthly options data, the 59,000 strike holds the maximum Call open interest, with 20.17 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 58,000 strike (11.52 lakh contracts) and the 58,500 strike (8.16 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 3.69 lakh contracts), followed by the 58,500 strike (1.09 lakh contracts) and 58,400 strike (50,220 contracts). The maximum Call unwinding was seen at the 58,000 strike, which shed 69,180 contracts, followed by the 57,000 and 59,500 strikes, which shed 26,220 and 20,700 contracts, respectively.

6) NiftyBank Put Options Data:

On the Put side, the maximum Put open interest was seen at the 59,000 strike (with 13.13 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 58,000 strike (12.06 lakh contracts) and the 57,000 strike (6.65 lakh contracts).

The maximum Put writing was placed at the 59,000 strike (which added 3.57 lakh contracts), followed by the 57,500 strike (91,290 contracts) and 58,500 strike (81,210 contracts). The maximum Put unwinding was seen at the 58,000 strike, which shed 50,880 contracts, followed by the 57,800 and 57,900 strikes, which shed 15,060 and 8,190 contracts, respectively

Report by Sunil Shankar MatKar, 

Source: MoneyControl,Network18

07/07/26, LODHA DEVELOPERS Bullish

07/07/26, South Korea's Markets Plunge

South Korea's benchmark Kospi index plunged more than 8 percent on Tuesday amid renewed selling in technology stocks, as investors continued to pare exposure to AI-linked shares.

The Kospi fell 8.18 percent to 7,392.04 in Seoul, weighed down by sharp losses in heavyweight chipmakers Samsung Electronics and SK Hynix.

The broader weakness came amid growing concerns that the rally in artificial intelligence-related stocks may have run ahead of fundamentals.

The MSCI Asia Pacific Index declined 1.7 percent, while futures for the tech-heavy Nasdaq 100 Index fell 1 percent, indicating that Monday's rebound on Wall Street was losing momentum. European markets were also set to open lower.

The chip sector remained under pressure, with Samsung Electronics, whose shares have more than doubled this year, falling 9.3 percent despite reporting a 19-fold rise in profit. SK Hynix declined 9.5 percent after launching the marketing process for its proposed US listing.

AI-related stocks have remained volatile amid concerns that valuations have risen too sharply, raising questions over whether heavy investments in AI chips and data centres will generate sufficient gains in productivity and profits.

SK Hynix is also set to test investor appetite for AI investments this week as it seeks to raise USD 28 billion through a share sale for its proposed Nasdaq listing in the United States.

Elsewhere in Asia, Japan's Nikkei 225 declined 1.8 percent to 68,493.52. Chip equipment maker Tokyo Electron fell 3.4 percent, while Kioxia Holdings dropped 10.7 percent.

Hong Kong's Hang Seng index slipped 0.4 percent to 23,517.70, while China's Shanghai Composite Index lost 1 percent to 3,999.03. Taiwan's Taiex declined 1.8 percent.

On Monday, the S&P 500 rose 0.7 percent to 7,537.54, moving to within 1 percent of its record high despite most of its constituent stocks ending lower.

Report by Paras Bisht(With inputs from agencies)

Source: Network18 

Disclaimer: The views and investment tips expressed by investment experts here are their own and not of us.  We advises readers  to check with certified experts before taking any investment decisions.

07/07/26, Rupee Slipped Again

The rupee slipped to a three‑week low on Monday as a stronger dollar pinched the currency, with maturing contracts in the non-deliverable forward adding to the pressure. The rupee fell to 95.40 against the dollar, down 18 paise from the previous close, according to Bloomberg.

“While equities and oil prices showed some positive signs, the rupee’s movement has largely been driven by sentiment, with dollar demand remaining elevated. As a result, many currencies, including the rupee, continue to weaken against the dollar,” said Dilip Parmer, research analyst, HDFC Securities.

The dollar index, which measures the US currency against a basket of six major currencies, rose 0.26% to 101.12 on Monday. Most Asian currencies ended lower. Over the past one month, the index has risen nearly 2% on growing expectations of a hawkish stance from the Federal Reserve.

Oil prices, which had previously weighed heavily on the rupee, is now trading at around $71 a barrel. There has been a 26% fall in oil prices over the past month.

So far in 2026, the rupee has declined 6.15% and over the past year, it fell 10%.

If the dollar index keeps climbing, it would threaten the rupee stabilisation, Parmer said. “Provided the rupee remains below 96, the outlook is not immediately worrisome. In the near-term, I expect the rupee to trade in the range of 94.45-95.80.”

Currency dealers said the Reserve Bank of India carried out modest dollar interventions, capping further weakness.

“The kind of one-sided response of the rupee to the dollar index movement shows that the underlying mood is fragile. In addition, persistent dollar buying from oil companies also pressured the currency during the day,” said Amit Pabari, managing director, CR Forex.

A fresh negative trigger could push the rupee towards 95.80- 96.00, while support holds near 94.80-95.00, Pabari said.  

SOURCE : Financial Express

07/07/26, NIFTY BANK INDEX seems Bullish with the support levels formed at 58000 & 57000

 

07/07/26, SENSEX JULY FUTURE Bullish only above 78490

 

06/07/26, The Indian real estate sector seems to be entering positive phase.

 In  every market cycle, a small group of sectors lay the groundwork for their next phase of wealth creation, often unnoticed, while most investors remain focused on yesterday’s winners. The Indian real estate sector seems to be entering such a phase.

Real estate stocks were out of favour for years after a long period of underperformance. But the fundamentals improved and investors who had suffered the pain of the previous cycle preferred to stay away.

The Nifty Realty Index is offering one of the best long-term technical setups that an investor could hope for today, a multi-year breakout with a successful retest.

In technical analysis it is popularly known as “Ceiling Turns Floor.” The previous strong resistance zone has turned into a long-term support base.

History has shown that respecting such breakouts often lays the groundwork for the next multi-year bull market. Investors who want to get through short-term volatility and focus on opportunities till 2030 should consider investing in the Realty sector.

Nifty Realty Index: Ceiling Turns Floor

The weekly chart of the Nifty Realty Index has an interesting story to tell. Between 2009 and 2023 the index repeatedly failed to get above the 550-620 zone. Every rally to this region was met with selling pressure. This price band was an unbreakable ceiling for almost 15 years.

Nifty Realty Index

Then came the break-out. In 2023, the index finally broke through this long-standing resistance and signalled that buyers are now clearly in charge. Such multi-year breakouts are rare, for they are not simply temporary price moves, but rather a structural shift in market psychology.

But the first breakout is only half the story. The confirmation is when prices come back to the breakout area. In the recent correction, the Nifty Realty Index has retraced towards the same 550-620 support area. Instead of breaking lower buyers stepped in hard. The confirmation of the breakout was the previous resistance turning into support. This is the classic “Ceiling Turns Floor” principle.

Those retests are good. They take out weak hands, restore confidence among investors and set the stage for the next leg up in the trend.

The positive outlook is enhanced by the momentum indicator. The weekly RSI is back above the 50 level, suggesting momentum is returning to bullish territory. In strong uptrends, RSI tends to stay above 50 for long periods of time, signals buying interest.

When you see a rising price structure and an RSI above 50, that usually means institutional participation is slowly increasing, not fading.

Here are two stocks from the Realty sector which could potentially lead the index.

DLF: Leading the Real Estate Industry in India

In the large-cap Realty space, DLF continues to be structurally differentiated. The Realty Index is showing an almost identical pattern on the weekly chart.

For almost 14 years, DLF struggled to break the resistance zone of Rs.420-500. But sellers emerged at those levels and each attempt eventually failed. The stock eventually broke through this resistance, confirming the beginning of a new structural uptrend.

The recent correction has not ruined the trend, but rather brought the stock back to this very breakout region.

What followed is exactly what long-term investors like to see.

The stock has held the previous resistance as support and has started turning north again. The successful retest shows that demand keeps coming in at lower levels. Investors seem to be more inclined to add to the stock rather than panic selling near the breakout zone.

The weekly RSI has recovered near the 60 level well above the critical 50 level. This indicates bullish momentum is slowly building after the correction.

In a longer-term perspective DLF continues to make higher highs and higher lows on the weekly time frame and thus is maintaining the broader trend.

If the Realty sector enters another phase of expansion in the coming years, DLF has the potential to be one of the key leaders in the sector.

Lodha: Long Term Bullish Trend

Lodha Developers is another interesting opportunity for investors looking for long term play in the Realty space.

Compared to DLF, Lodha is relatively young in terms of listed history, but the weekly chart clearly shows the same technical price. 

The stock corrected sharply after a strong rally and came back to the crucial support zone of Rs.680-730, which was a strong resistance zone earlier. Buyers strongly defended the zone and did not allow prices to break below this level.

“The recent trend shows that long term demand is solid.”

Such successful retests are typically the hallmark of quality leadership stocks. Typically, strong companies don’t go bust after testing major support, instead they resume their primary trend after the selling pressure has subsided.

Another positive sign comes from momentum.

The weekly RSI has again crossed above 50, indicating improving buying strength after several months of consolidation. The price action is also a sign of renewed optimism as the stock has started to make higher weekly closes after holding support.

If the broader Realty Index maintains its structural uptrend, Lodha can potentially participate in the next leg of the sector’s journey.

Why the Realty Cycle Could Be Different This Time

In the past, Indian investors have associated real estate with physical property. The safest way to get into the sector has often been to buy a house. But there’s another way to be part of the growth of the industry, through listed real estate companies. The surge in housing demand, premium developments, infrastructure expansion and urbanisation provides leading developers with the opportunity to create significant shareholder value in the long term.

Markets rarely ring a bell at the beginning of a big cycle. Instead, they quietly laid solid technical foundations before gaining widespread attention.

The present chart structure of Nifty Realty Index suggests that this base may be already in place. It’s not every day you see a successful retest of a multi-year breakout. This is the example of changing market behaviour whereby what were former sellers slowly become buyers.

Such structural shifts can be the catalyst for meaningful wealth creation for investors with a five-year investment horizon.

A Multi-Bagger Theme For The Next 5 Years

All long-term bull markets begin with disbelief. The memory of past corrections is still fresh in the minds of investors and many investors are still reluctant to enter sectors after years of consolidation. But those same times of indecision can be the most tempting opportunities.

The Nifty Realty Index has now crossed one of its crucial technical milestones- a multi-year breakout and a successful retest, highlighting the principle that the ceiling has now become the floor.

Within the sector, DLF and Lodha Developers have shown similar technical behaviour, successfully defending their long-term breakout zones and demonstrating improving momentum. If this trend persists, both stocks have the potential to be key beneficiaries in the next phase of the Realty cycle.

All investments involve risk and corrections are part of every bull market. However, from a long-term technical analysis perspective, the current setup is a compelling risk-reward equation.

For investors looking for the next 5 years opportunity, Realty should be on the watchlist. If history is any guide, today’s breakout retest could be the foundation for the next breed of potential multi-bagger Realty stocks to embark on the journey towards 2030.

Disclaimer: This article is strictly for educative purposes only.

Written by Brizesh  Bhatia

Source: Financial Express

Brijesh Bhatia is an Independent Research Analyst and is engaged in offering research and recommendation services with SEBI RA Number – INH000022075. He has two decades of experience in India’s financial markets as a trader and technical analyst.

06/07/26: Market Strategy

 The Nifty 50 turned stronger after rising for the third consecutive session, closing 0.4 percent higher on July 3 despite intraday profit booking near the 24,400 level. A breakout above the falling resistance trendline, improving momentum indicators, sustained trading above the 20-, 50-, and 100-day EMAs, along with a lower India VIX and subdued crude oil prices, supported market sentiment. Going ahead, the index needs to surpass the 24,400 hurdle to trigger a rally toward the 24,500–24,600 zone (previous swing highs). Until then, consolidation may continue, with immediate support placed at 24,200–24,100, followed by the key support level of 24,000, according to experts.

1) Key Levels For The Nifty50(24,271): Resistance formedon pivot points: 24,349, 24,378, and 24,426

Support based on pivot points: 24,252, 24,223, and 24,175

Special Formation: The Nifty 50 formed a bearish candle above the 24,200 resistance level (which also coincides with the falling resistance trendline) after approaching the 24,400 mark intraday, as profit booking emerged at higher levels. This signalled a lack of strength in the breakout above the crucial resistance. However, the overall trend remains positive, as the index continues to trade above its short- and medium-term moving averages, as well as the 100-day EMA. The RSI rose to 60.95 and witnessed a bullish crossover, while the MACD histogram strengthened further with an expansion in the green bars. Additionally, the MACD remained above both the signal line and the zero line. All these indicators suggest sustained positive momentum despite the intraday profit booking.

2) Key Levels For The Bank Nifty (57,938)

Resistance based on pivot points: 58,235, 58,363, and 58,571

Support based on pivot points: 57,819, 57,691, and 57,483

Resistance based on Fibonacci retracement: 59,195, 61,678

Support based on Fibonacci retracement: 57,332, 56,465

Special Formation: The Bank Nifty, which declined 0.16 percent on Friday, formed a bearish candle with a minor lower shadow on the daily charts and underperformed the benchmark Nifty 50. However, it continued to sustain well above all key moving averages, all of which maintained their upward trajectory. Among them, the 10-day EMA has been acting as a reliable support over the past couple of weeks, signalling that the broader trend remains strong despite minor profit booking near higher levels. The RSI remained above the 60 mark at 62.12 but stayed below its signal line. Meanwhile, the MACD is on the verge of a bearish crossover, as the histogram's green bars have continued to shrink for the tenth consecutive session, approaching the zero line. All these indicators suggest that momentum has weakened slightly, although the broader trend remains positive.

3) Nifty Call option Data:

According to the weekly options data, the 24,500 strike holds the maximum Call open interest (with 1.14 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,400 strike (1.13 crore contracts) and 24,300 strike (1.08 crore contracts).

Maximum Call writing was observed at the 24,300 strike, which saw an addition of 59.35 lakh contracts, followed by the 24,350 and 24,400 strikes, which added 54.49 lakh and 49.42 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,200 strike, which shed 25.99 lakh contracts, followed by the 24,100 and 24,150 strikes, which shed 25.32 lakh and 18.36 lakh contracts, respectively.

4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 24,000 strike (with 1.39 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 23,900 strike (95.8 lakh contracts) and the 24,200 strike (83.11 lakh contracts).

The maximum Put writing was placed at the 24,300 strike, which saw an addition of 48.87 lakh contracts, followed by the 24,200 and 24,250 strikes, which added 34.89 lakh and 26.28 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,050 strike, which shed 16.32 lakh contracts, followed by the 24,100 strike, which shed 14.65 lakh contracts.

5) Nifty Bank Call option Data:

According to the monthly options data, the 58,000 strike holds the maximum Call open interest, with 13.76 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 59,000 strike (12.87 lakh contracts) and the 58,500 strike (6.27 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 2.58 lakh contracts), followed by the 58,000 strike (1.12 lakh contracts) and 58,200 strike (74,790 contracts). There was hardly any Call unwinding seen in the 57,100-59,400 strike band.

6) Nifty Bank Put Option Data:

On the Put side, the maximum Put open interest was seen at the 58,000 strike (with 12.38 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 59,000 strike (6.44 lakh contracts) and the 58,500 strike (3.98 lakh contracts).

The maximum Put writing was placed at the 59,000 strike (which added 2.41 lakh contracts), followed by the 58,300 strike (46,260 contracts) and 58,500 strike (43,680 contracts). The maximum Put unwinding was seen at the 57,400 strike, which shed 4,920 contracts, followed by the 57,300 and 59,400 strikes, which shed 2,220 and 1,080 contracts, respectively.

06/07/26, Stocks to Watch

Equity benchmarks maintained their uptrend for the third consecutive session, with the Nifty 50 rising 0.4 percent on July 3. Market breadth slightly favoured the bulls, as about 1,577 shares advanced against 1,416 declining shares on the NSE. Overall, the trend remains positive, though some consolidation cannot be ruled out. Below are some short-term trading ideas to consider.

Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One

Indusind Bank:CMP: Rs 974.35

Following a convincing price breakout after a prolonged phase of consolidation around its previous bearish gap resistance, the technical structure for IndusInd Bank appears to be turning constructive. On the candlestick charts, a bullish crossover on the 14-day RSI, coupled with a breakout above a downward-sloping trendline, adds further weight to the improving technical setup.

The Point & Figure charts also reinforce this view. On the daily 1% × 3 chart, the stock has delivered a bullish Double Top Buy breakout above its 45-degree falling trendline. Additionally, the XO Zone Indicator has moved into bullish territory, suggesting that momentum is gradually shifting in favour of buyers and making the stock a strong candidate for sustained upside in the near term.

Hence, buying is recommended in IndusInd Bank around Rs 973-970.

Strategy: Buy

Target: Rs 1,050, Rs 1,060

Stop-Loss: Rs 903

Zydus Life sciences: CMP: Rs 1,140.6

Following a decisive range breakout from its prolonged consolidation earlier this year, Zydus has spent the past month consolidating its gains. The stock now appears poised to resume its primary uptrend, having delivered a convincing breakout above this recent consolidation.

The Point & Figure charts also reinforce the bullish outlook. On the daily 0.25% × 3 P&F chart, the stock has delivered a follow-through to a Bullish Broadening formation, highlighting the continuation of positive momentum. On the higher-timeframe 1% × 3 P&F chart, the stock is also providing a follow-through to a Bullish Anchor Column (Super Pattern), further strengthening the case for a continuation of the broader uptrend and suggesting the potential for higher levels in the sessions ahead.

Hence, buying is recommended in the stock around Rs 1,140-1,135.

Strategy: Buy

Target: Rs 1,220, Rs 1,225

Stop-Loss: Rs 1,059

Welspun Living: CMP: Rs 170.93

Following the breakout from a year-long consolidation, Welspun Living has now retested the breakout zone on relatively low volumes, suggesting an absence of supply in the stock. Alongside this, a bullish crossover on the 14-day smoothed RSI suggests strong momentum tailwinds.

The bullish structure is further reinforced by the formation of a Bullish Broadening pattern on the daily 0.25% P&F chart, suggesting that buyers remain firmly in control of the stock and that higher prices are likely in the coming days.

Hence, buying is recommended in the stock around Rs 171-168.

Strategy: Buy

Target: Rs 195, Rs 200

Stop-Loss: Rs 158

Mahesh M Ojha, VP- Research and Business Development at Kantilal Chhaganlal Securities

Bharti Airtel: CMP: Rs 1,910.4

Bharti Airtel closed comfortably above its key short- and long-term moving averages, including the 20-day, 50-day, and 100-day SMAs, indicating a bullish setup.

Price action remains bullish as long as the stock sustains above its key support zones. The daily RSI, at 60.80, supports the ongoing bullish trend and reflects underlying strength in the stock.

Immediate resistance levels are placed at Rs 1,920 and Rs 1,948, while strong support is seen at Rs 1,880 and Rs 1,840. Buying is advised in the range of Rs 1,900-1,910.

Strategy: Buy

Target: Rs 1,948, Rs 1,975, Rs 1,990

Stop-Loss: Rs 1,840

ICICI Bank: CMP: Rs 1,411.4

ICICI Bank has delivered a positive breakout by closing above the previous resistance level of around Rs 1,410, indicating strengthening price momentum and a continuation of the bullish structure.

The stock remains technically strong as long as it sustains above its weekly 5-, 10-, 20-, and 50-day Simple Moving Averages (SMAs), reinforcing the prevailing uptrend.

The weekly RSI, at 61.37, is a bullish indicator of a medium- to long-term positive setup, reflecting strong underlying momentum.

Immediate resistance levels are positioned at Rs 1,448, Rs 1,480, and Rs 1,521, while strong support is seen at Rs 1,370 and Rs 1,340. Buying is recommended in the stock in the zone of Rs 1,400-1,410.

Strategy: Buy

Target: Rs 1,448, Rs 1,475, Rs 1,520

Stop-Loss: Rs 1,358.

Skipoer:  CMP: Rs 574.95

Skipper continues to exhibit strong bullish momentum, trading comfortably above all key short-term Simple Moving Averages (SMAs). The stock has closed above the Rs 570 mark, indicating sustained buying interest and a positive price structure.

Price action remains bullish as long as the stock sustains above its key support zones. Immediate resistance levels are placed at Rs 590, Rs 610, and Rs 660, while strong support is seen at Rs 548 and Rs 528.

The MACD remains in positive territory, signalling continued upward momentum. The RSI, at 66.44, also supports the ongoing bullish trend, reflecting underlying strength in the stock.

Hence, buying is advised in the stock in the zone of Rs 565-575.

Strategy: Buy

Target: Rs 590, Rs 620, Rs 660

Stop-Loss: Rs 524

Disclaimer: The views and investment tips expressed by experts are their own and not those of us. We advise readers and investors to check with certified experts before taking any investment decisions

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