Indian markets closed with losses of over 2 per cent on Monday following muted global cues, sell-off from foreign investors and the rising cases of new covid variant Omicron.

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The S&P BSE Sensex fell nearly 1200 points while the Nifty50 closed below 16700 levels.

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Sectorally, selling pressure was seen in realty, oil & gas, metal, and public sector stocks. On the broader markets front – the S&P BSE Midcap index fell 3.4 per cent, and the S&P BSE Small-cap index was down 3.3 per cent.

Stocks that were in focus include Hero MotoCorp, which closed with losses of nearly 4 per cent. Meanwhile, AU Small Finance Bank ended with losses of nearly 10 per cent, and Bandhan Bank closed over 7 per cent lower.

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

Hero MotoCorp Ltd: Sell| Target: Rs2,080

Our bearish stance will remain intact which could drag the stock towards Rs 2,263-2,226-2,080 in the medium-term.

Continuing its prior falling trend, the stock slipped towards the multi-month low of Rs2,310.

Major technical indicators are still negatively poised on medium-term as well as long-term timeframe charts. In case of a pullback, the stock will face a hurdle around Rs2,555.

AU Small Finance Bank: Sell| Target: Rs760

The stock is expected to extend its losses post a breakdown that could drag it towards Rs 910-820-760 in the medium term.

The stock witnessed a breakdown from the Descending Triangle pattern to hit a 6-month low. A rise in future open interest (OI) with a fall in price indicates that major participants are in favour of the bears.

The key technical indicators are in sell mode on short-term and medium-term timeframe charts. On the higher side, the stock will face a hurdle around Rs1,200.

Bandhan Bank: Sell| Target: Rs200

The stock will remain under pressure post violation of its support zone, which could drag it towards Rs 200 in the medium-term.

On 20 December 21, the stock violated its short-term support zone (placed between Rs 270 and Rs 260) and extended loss thereafter.

Major moving averages are sloping on short-term and medium-term timeframe charts. The key technical indicators are in favor of the bears.

In case of any bounce, as per change in polarity principle, the stock will now face a hurdle around the Rs260-270 zone.

(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.)