Breakout Stocks: How to trade Adani Enterprises, Prime Focus and Sudarshan Chemicals on Thursday?

Sectorally, buying was seen in FMCG, banks, healthcare, and energy stocks while some profit-taking was seen in IT, power, and capital goods stocks. Stocks that were in focus include names like Suzlon Energy, which rose 5%, PNC Infratech closed nearly 2% higher and Polycab India closed with gains of over 9% on Thursday.

Indian market closed in the green for the second day in a row. The S&P BSE Sensex rose over 200 points while the Nifty50 closed just a shade below 19,600 levels. Sector-wise, buying was seen in healthcare, telecom, IT and realty stocks while selling was seen in utilities, power, and metals

Stocks that were in focus include names like Ujjivan Small Finance Bank, which was up more than 7%, Aurobindo Pharma closed with gains of over 6% to hit a fresh 52-week high, and RIL closed flat, but witnessed a bullish MACD crossover on daily charts.

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.

Sectors that were in focus include banks, auto, IT, oil & gas, and capital goods. Selling was seen in realty and consumer durable stocks.

Sectorally, buying was seen in realty, auto, and healthcare stocks, while selling was visible in IT, metals, and oil & gas stocks. Stocks that were in focus included names like Sharda Cropchem, which saw a massive increase in volumes to close with gains of over 10%, Mazagon Dock Shipbuilders closed with gains of over 4% and Bharat Dynamics hit a fresh 52-week high on Tuesday.

Bajaj Finserv, Indus Towers, Inox India, Indian Hotels, ITC, Lupin, UltraTech Cement and HUL are some of the stocks that have formed bullish patterns on technical charts.

Sectorally, buying was seen in metal, oil & gas, energy, power, and utilities, while selling was seen in banks, IT, and capital goods.Stocks in focus included names like FACT, which rose nearly 15%, Tanla Platform, which closed with gains of over 3% and Tata Communications, which rose nearly 3% on Wednesday to hit a fresh 52-week high and is up about 30% in a month.

Nifty has rallied from 18,850 to 21,593 in the last two months. After this 2,700-point rally, the index closed with a indecisive candlestick last week. FII index longs have reached 65.5% level, which is near the upper range. Nifty is likely to trade volatile in the 20,950-21,600 range in the coming weeks.

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.