Index View: Nifty

Nifty has been trading within a tight range, just under half a percent, largely mirroring its previous day's performance as it approaches today's weekly expiry. Closing above the 25470 resistance mark for two consecutive days signals a cooling off from previous highs.

A retest of the bullish pole and flag pattern on the hourly charts suggests Nifty is gearing up for a push towards 26000, with solid support at 25250. Dips near the 25450-470 range are likely to attract buying interest.

Bank Nifty

Bank Nifty mirrored Nifty's inside bar on daily charts after surpassing its three-day high on Tuesday. The index is showing signs of heading back to record highs, continuing its outperformance against Nifty since the start of the year. The 56900 level is now seen as a key support zone.

VOLTAS (BUY)

LCP: 1366.90
Stop Loss: 1325
Target: 1500

Despite reports of sluggish A/C demand growth, VOLTAS hit a fiscal high, indicating market confidence in limited downside. A breakout from a three-month consolidation phase hints at an 8-10% rally ahead.

MOTHERSON (BUY)

LCP: 154.92
Stop Loss: 149
Target: 168

MOTHERSON has crossed above its 200 DMA, with daily charts revealing a bullish head and shoulder pattern. Momentum is expected to accelerate beyond the 160 mark.

JKTYRE (BUY)

LCP: 373.15
Stop Loss: 356
Target: 410

JKTYRE is breaking out from a six-week consolidation, with daily charts confirming a bullish pole and flag pattern. A sustained move above 385 could unlock further gains, but a 9-11% rally from current levels is anticipated.

Disclaimer: The recommendations and views expressed are those of the experts and do not reflect the stance of The Times of India.