Swift Gains Strategy: Unveiling Opportunities in Transformers and Rectifiers, Radico Khaitan, JK Cement

Unlocking Nifty50's Bullish Potential: Watch for Strength Above the 19,750-19,850 Zone.

On November 12, the Nifty50 closed the Muhurat trading session with a gain, reaching 19,526. The breakout above the 50-EMA signifies a positive shift. The 21-day EMA (19,386) shows a slight upward trend, indicating potential bullish momentum if the index can maintain this level.

The 50-day EMA and 19,500-level pose crucial resistance, particularly noteworthy in this Muhurat session. Confirmation of sustained index strength above this point is pivotal. After a significant correction last month, the index rebounded from the 200-EMA to 19,500. However, a more robust bullish trend awaits confirmation above the 19,750-19,850 zone.

Closing the session with a modest gain at 43,997, Bank Nifty signaled a potential breakout within a narrow range. Notably, the index surpassed the 21-day EMA (43,623) and achieved a close above the 50 EMA (43,965) on Sunday, indicating a favorable outlook for the near term.

In the upcoming trend, maintaining levels beyond 43,500 is pivotal for potential advances toward 44,300-44,500. The absence of substantial body formation signals a tentative upward movement, emphasizing the need for significant range expansion above 43,500 to gauge the recovery rally's strength.

Here are three buy calls for the short term:

Radico Khaitan: Buy | LTP: Rs 1,387 | Stop-Loss: Rs 1,315 | Target: Rs 1,550 | Return: 12%

The stock has exhibited a robust bullish momentum from mid-2020 until the end of 2022, experiencing a significant rise from Rs 300 to around Rs 1,200 levels. Following this, the stock entered a period of time and price consolidation.

It shows indications of breaking out of this consolidation phase and appears poised to challenge its previous all-time highs. Given the stock's strength, it will move towards Rs 1,500-1,600 zone, with a reasonable stop-loss set at Rs 1,315.

Transformers and Rectifiers India: Buy | LTP: Rs 178 | Stop-Loss: Rs 169 | Target: Rs 200 | Return: 12%

The stock has been on a robust upward trajectory since the beginning of the year, witnessing a climb from Rs 80 to around Rs 178. After consolidation in the last three months, the stock seems ready to break out of this consolidation phase.

With the recent establishment of a new all-time high, there are expectations of strong bullish momentum continuing in the coming weeks.

JK Cement: Buy | LTP: Rs 3,495.5 | Stop-Loss: Rs 3,310 | Target: Rs 3,850 | Return: 10%

The stock underwent a significant upward move following the lows of 2020, soaring from Rs 800 to approximately Rs 3,600 within a span of two years. After reaching its peak in November 2021, the stock entered a phase of time and price correction, forming a Symmetrical Triangle pattern.

While breaking above this pattern in June 2023, it lacked momentum and underwent further consolidation within a box pattern. Last week, the stock staged a robust breakout with a substantial spike in volumes, signaling the initiation of another bullish leg.