A quick check on some interesting setups in Large Caps.
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Larsen and Toubro
- Holding well above the breakout of the previous high of 2021.
- Retest done couple of times.
- Relative Strength.
Mahindra & Mahindra
- Clear cut leader in the Auto Pack
- Support of 1200 multiple times.
- Breakout done today
- Dips if any an opportunity.
The other Nifty stock to watch would be Reliance and ONGC. Nifty Oil and Gas nearing a breakout.
- Multiple attempts at 2060 in last 5-7 sessions.
- Major resistance at 2080-2100.
- Still available below pre covid highs.
- Multiple attempts done at 1280 resistance.
- Can be a big breakout going forward and a new leader in banking.
- On watch for a confirmation above the 1350-1390 mark.
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Charts and view shared in the report:
- Nifty 50
- Nifty 500
- Nifty Mid 100
- Nifty Smallcap 100
- BSE Smallcap
- Nifty Bank
- Nifty PSE
- Nifty IT
- Nifty Auto
- Nifty Infra
- Nifty Metal
- Few Ratio Charts
- Sector on Radar: Sector 1 and Top Picks
- Sector on Radar: Sector 2 and Top Picks
- Sector on Radar: Sector 3 and Top Picks
- Few other stocks from smallcap / midcap space
- In total we have covered 14 stocks (Targets, Stoplosses along with the Technical Charts )