The benchmark Sensex surged by 1,233 points while the Nifty advanced 1.68% to settle at 23,440.80, propelled by easing crude prices and strength in Reliance Industries. Against this positive momentum, NeoTrader analyst Raja Venkatraman identified three specific stocks positioned for upside based on strong chart patterns. The picks include companies backed by recent positive corporate developments, such as an acquisition and a stake sale in a Saudi business.
Key points
Broad market strength was reinforced by heavyweights like Reliance Industries alongside e…: Broad market strength was reinforced by heavyweights like Reliance Industries alongside energy, auto, and PSU banking equities.
Bharti Hexacom demonstrated a volume-led V-shaped recovery, prompting a buy recommendatio…: Bharti Hexacom demonstrated a volume-led V-shaped recovery, prompting a buy recommendation above ₹1,685 with a ₹1,600 stop loss.
Underlying support for Indian equities remains solid due to aggressive lower-level put wr…: Underlying support for Indian equities remains solid due to aggressive lower-level put writing and easing crude oil prices.
Sources checked by our analysis pipeline: 1
Indian equities began November on a strong footing, extending the previous session’s gains despite mixed global cues and weakness in overseas technology stocks.
The benchmark Sensex rallied 1,233 points to a more than seven-week high on Monday, extending its gains for a third consecutive session. The Nifty rose 387.70 points, or 1.68%, to settle at 23,440.80, also its highest close in more than five weeks.
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
PHOENIXLTD (Cmp 2016.60)
- Why it’s recommended: The Phoenix Mills Limited operates as India's premier retail-led mixed-use real estate developer. While it maintains a dominant market share in destination shopping malls and enjoys stable rent-generating flows. Post a volatile phase from Augu 2026 the stock is now witnessing a revival from deep oversold levels. With a positive newsflow about its acquisition we can see the strong thrust in the momentum. As Tenkan Sen and Kijun Sen acts as a strong set of supports with support from Relative Strength Index(RSI) could help the prices rebound. Go long.
Foreign portfolio investors injected 31.15 billion rupees into the market, driving benchmark indices to multi-week highs following a 1.7% surge in the prior session. Broader momentum is supported by Brent crude steadying near $105 a barrel after a sharp drop linked to diplomatic talks between Iran and Qatari mediators. However, elevated Middle East geopolitical risks and potential global technology weakness continue to pose volatility risks for domestic equities.
An artificial intelligence-selected pharmaceutical stock has risen 23.96% following positive financial updates. The surge comes after the company surpassed its earnings expectations and subsequently increased its forward-looking guidance.
The platform's scheduled restoration restores outgoing transfer capabilities across nine different blockchain ecosystems starting Tuesday at 04:00 GMT. Traders and token holders will regain transfer access across major native chains as well as prominent layer-2 scaling solutions. This coordinated rollout ensures broader operational functionality for customers managing diverse digital asset portfolios.