The Indian markets snapped 4-day losing streak on Monday as the bulls took control, pushing the Sensex higher by more than 145 points, while the Nifty50 closed above 18100 levels.

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Sectorally, buying was seen in the banks and financial stocks, while selling pressure was visible in the realty, consumer discretionary and auto stocks.

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Stocks that were in focus included ICICI Bank that rose over 10 per cent, Axis Bank closed with gains of over 3 per cent, and KEC International rallied nearly 7 per cent. All stocks hit a fresh 52-week high on Monday.

Here's what Jatin Gohil, Technical Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading today:

ICICI Bank: Hold

On 25th October, the stock extended gains post a gap-up opening and recorded a new high of Rs 867. Later, the stock oscillated downwards amid higher level profit booking and erased partial intraday gain.

The key technical indicators reversed after testing the overbought zone on the near-term timeframe chart. As per the current set-up, the near-term decline cannot be ruled out before the stock resumes its upward move.

In case of decline, the stock will find support at Rs 795 initially and Rs 765, subsequently. However, a follow-up move could lead the stock towards Rs 1,000.

Axis Bank: Book Profits

Continuing its prior daily rising trend, the stock recorded a new high of Rs 866.90. Due to higher level profit booking, the stock trimmed intraday gain.

We believe the stock will witness a near-term decline before it resumes its northward journey. On the lower side, the stock will find support at Rs 815 initially and Rs 795, subsequently.

The stock has a potential to move towards Rs 1,000 in the medium-term.

KEC International: Buy on dips

In late-September 2021, the stock witnessed a breakout from a bullish continuation pattern (i.e. Flag) and moved higher subsequently.

On 25th October, the stock recorded a new high of Rs 541.70. Major moving averages on the short-term as well as medium-term timeframe charts are sloping upwards.

This could take the stock towards Rs 575 initially and Rs 700, subsequently. A fresh long position can be initiated on dips for better risk-reward.

Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.