Rajesh Palviya handpicks Bharti Airtel, Bank of India as top picks which could give 10-12% return in 3-4 w

Nifty closed at 22213 on 23rd February after a volatile week. Indecisiveness among participants indicated by the candle with shadows. Weekly strength indicator RSI above reference lines signals positive bias. Buy recommendations: Indus Towers, JSW Energy, Godrej Properties, Indiabulls Housing Finance. Technical analysis: Symmetrical triangular pattern, Fibonacci Retracement level, 20, 50, 100, and 200 days SMA, Bollinger Band.

The Nifty50 remained volatile during the budget week, closing at 21854 with a weekly gain of 501 points. The weekly chart shows a bullish candle with an upper shadow, indicating profit booking near the all-time high. If the Nifty crosses 22000, it may reach 22150-22300 levels, while breaking below 21700 may lead to a decline towards 21650-21500. The RSI indicator suggests a potential positive trend change. Here are 4 trading ideas for 10-20% returns in the next 3-4 weeks: Can Fin Homes, Engineers India Ltd, Hindustan Copper Ltd, and Oriental Hotels.

“Bulls regained strength in the market following positive US data, prompting short-covering moves in the index. The downside support for the index is situated at 19,560, and as long as this support holds, a buy on dip strategy is recommended. A breakthrough of the resistance at 19,850 by the end of the month is anticipated, potentially paving the way for further upward movement towards 20,200-20,500 levels.”

The overall view for the next series is positive for Nifty with an upside potential to reach 18800-19000. On the lower end. 18200 will continue to act as crucial support for the June series.

Indian stock market: Sentiment is optimistic for potential upward movements, with expectations of buying into dips. For Nifty 50, resistance is apparent at 22,400/22,600, while support is placed at 22,200

ster DM is currently trading at 430 level, having recently experienced a robust breakout above the 423 level, marked by a significant runaway gap. This breakout was accompanied by strong volumes, indicating substantial strength in the stock.

Zomato's shares will be watched closely as the foodtech company's losses narrowed in Q4 to Rs 188 crore. The stock's support levels are around Rs 58-55, while resistance lies at Rs 75-80, according to Sumeet Bagadia, executive director of Choice Broking. He adds that short-term prospects of the stock may appeal to risk-taking investors. Meanwhile, M&M could move towards Rs 1,325 if it surpasses its resistance at Rs 1,285.

According to the technical analyst Nifty Private Bank exhibited a bullish pattern supported by technical indicators indicating a positive outlook for traders in the short term

Shares fell on Tuesday, dragged by high-weightage financials and information technology stocks and as consolidation continued in the holiday-truncated last week of the financial year.

The market is repeatedly trying to see Nifty breakout above its all-time high, but has not succeeded due to lack of strength at the upper hurdle.