Technical Breakout Stocks: How to trade Bharat Electronics, Bajaj Auto and Aditya Birla Fashion on Wednesd

Buying was seen in realty, capital goods, oil & gas, and public sector while IT, banks, and FMCG stocks saw some selling pressure

The Nifty50 closed flat with a positive bias at 22,335 while the S&P BSE Sensex closed with gains of more than 160 points. Sectorally, buying was seen in IT stocks while some selloff was seen in realty, public sector, utilities, power, and capital goods stocks.

Indian markets closed higher on Friday, with the S&P BSE Sensex increasing over 400 points, and the Nifty50 closing above 18,800. Buying was seen in banks, capital goods, FMCG, and public sector stocks, while IT and realty stocks experienced selling. Three stocks, Data Patterns, Mazagon Dock Shipbuilding, and IDFC First Bank, either hit a 52-week high or saw a volume or price breakout. Data Patterns closed at an all-time high; Mazagon Dock Shipbuilding saw a Pole and Flag pattern breakout; and IDFC First Bank saw a rally above Rs 70.

Sectorally, consumer durables, metal, realty, auto, and banks saw buying, while some selling was seen in oil & gas, and IT counters. Smallcap stocks that are in focus include names like Ahluwalia Contracts rallied over 10% to hit a fresh 52-week high and Nucleus Software closed with gains of 20% on Monday.

Stocks that were in focus include names like GMR Airport Infrastructure, which was up more than 9% to hit a fresh 52-week high, APL Apollo Tubes, which rose more than 4%, and MTAR Technologies, which closed with gains of nearly 4% to a fresh high on Thursday.

Sectorally, buying was seen in realty, IT, telecom, oil & gas, and energy stocks, while some selling was seen in capital goods and power stocks. ​Stocks in focus included names like FDC, which hit a fresh 52-week high, Suzlon, which rallied over 9% and Go Fashion, which fell nearly 5% on Monday.

Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high

Sensex rose 363 points while the Nifty closed at 22,462. Buying was seen in realty, metal, telecom and utilities while auto and consumer durables stock saw some selling pressure.

Sensex and Nifty settled lower for the second straight session on Wednesday. Sensex declined by 27 points. Nifty holds 22,400 level. Sectorally, buying was seen in utilities, power, public sector and IT stocks while realty, auto, and FMCG stocks saw some selling pressure.

The Indian market hit a fresh record high on Monday tracking positive global cues. The S&P BSE Sensex rose more than 60 points while the Nifty50 hit a record high of 22,440 tracking positive global cues.