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Short covering rally can take Nifty towards 23,100: Analysts  The Economic TimesView Full coverage on Google News

Technical charts suggest a short-covering rally in Nifty this week amid a decline in the dollar index and crude oil prices, according to analysts. The index is likely to move towards 22,900–23,100 zone in the short term. Stocks such as Bank of Baroda, NTPC, Kotak Bank, HDFC Bank, SRF, ABB, Siemens, BPCL, Ceat, Cipla, Navin Fluorine, and Sun Pharma are expected to retain their positive momentum, analysts said. JATIN GEDIATECHNICAL RESEARCH ANALYST, MIRAE ASSET SHAREKHANWhere is the Nifty headed? Nifty is all set for a short covering rally. The index on hourly-chart has formed a five-wave advance from the lows of 21,964 to the recent high of 22,677. Post the 700-point rally, the index has been consolidating and absorbing the selling pressure around the 50% Fibonacci retracement level (22,300). We expect the next set of fi ve wave advances to unfold during the week which could take Nifty towards 22,900– 23,100 zone. The outlook is bullish because the Nifty is not reacting adversely to the fall in the US markets and an unsystematic risk arising after a disclosure from a private bank in India. A fall in the dollar index, and continuous decline in crude price also auger well for emerging markets. What should investors do? Traders should actively look out for stocks showing relative outperformance over the last couple of weeks. Sectorally, CPSE, FMCG, metals, and pharma are looking positive from a short-term perspective. Bank of Baroda, NTPC, Ceat, Cipla, Coromandel International, EIH, MCX, MRPL, Navin Fluorine, Power Grid, and Sun Pharma are some of the stocks that have shown relative outperformance and are likely to witness continuation of positive momentum. 119093452PRITESH MEHTA EXECUTIVE VICE PRESIDENT – RESEARCH, YES SECURITIESWhere is the Nifty headed? Nifty struggled for direction yet showed resilience amidst ongoing weakness in US indices. Immediate support is seen around the midpoint of the current three-digit Gann channel (i.e., 22,150). Indian indices have witnessed a seasonal pattern—March tends to be the most opportune time to buy. After last week’s pause, we expect resumption for a potential move towards 22,900. What should investors do? With broader markets like Nifty Midcaps and Smallcaps 100 indices showing relative and absolute weakness, sticking with large-cap names would be ideal. The ratio of the Financials Services index vs Nifty on the pointand-fi gure (P&F) chart is witnessing anchor columns follow through, implying strength in fi nancials. Financials Services index rallied 0.7% the previous week, outpacing other key indices. Within the space, Chola Fin and Bajaj Finance are forming multiple bullish patterns, expecting a rally of 10% in next few weeks. Signs of relative strength are also seen in NTPC, BPCL, and BEL JATIN GEDIA, against Nifty.SACCHITANAND UTTEKAR VP-TECHNICAL & DERIVATIVES, TRADEBULLS SECURITIESWhere is the Nifty headed? While the broader market remains supportive, Nifty needs to establish a sustained close above 22,710 to confirm bullish momentum. Options data indicate a firm range between 22,200 and 22,700 for the week which could see an upward shift, implying a rally towards the major trend reversal confirmation breakout zone above 23,040– which would amplify buying signal and a sentiment shift. What should investors do? With infl ation cooling, both globally and locally, along with strong industrial growth and an upgraded GDP forecast, macroeconomic conditions favour a bullish market outlook. Investors should consider building aggressive long positions once Nifty sustains a close above 22,710–which would confi rm bullish momentum. Avoid a sell-on-rise strategy, as the market seems to be on the cusp of a turnaround. If a pullback occurs, it should be seen as a buying opportunity. Top picks for investors at this junction are Kotak Bank, HDFC Bank, SRF, ABB, Siemens, Indigo, Voltas, Varun Beverages, Escorts Hero Motocorp, Chambal Fertilisers, Home First Finance and Jio Financial Services.

1. ‘The Diplomat’ box office collection Day 3: John Abraham starrer makes Rs 13.30 crore in its opening week  TOI Etimes
2. John Abraham's The Diplomat inches past his last release Vedaa in the first weekend  TOI Etimes
3. The Diplomat box office collection Day 3: John Abraham’s film outperforms Loveyapa, Emergency in opening weekend, earns Rs 13.30 cr  The Indian Express
4. Box Office Report: Did Vicky Kaushal's Chhaava overshadow John Abraham's The Diplomat on Sunday?  India TV News
5. The Diplomat Box Office Day 3: John Abraham’s movie crosses ₹10 crore mark despite Chhaava’s continued success  Mint

1. Congress slams PM Modi over podcast with Lex Fridman: ‘Hypo(d)crisy’  Hindustan Times
2. "Almost Irrelevant": PM Modi Slams UN, International Organisations On Podcast  NDTV
3. Congress slams PM's remarks on global organisations: 'Modi speaking Trump's language'  Deccan Herald
4. No limit to hypo(d)crisy: Congress's play on words slamming PM over his podcast  The Hindu
5. ‘False narrative created around 2002 Gujarat riots, courts proved our innocence’: PM Modi on Lex Fridman  The Times of India

आईएएनएस, गुवाहाटी। कांग्रेस सांसद गौरव गोगोई पाकिस्तान से संबंध के मुद्दे पर एसआईटी के सामने पेश होने को लेकर तैयार है। उन्होंने कहा कि मैंने कई बार कहा है कि मैं किसी भी तरह की जांच के लिए तैयार हूं।

उन्होंने कहा कि जब भी एसआइटी बुलाएगी, मैं जांच दल के समक्ष उपस्थित हो जाऊंगा। उन्हें मुझे कॉफी या चाय भी देने की जरूरत नहीं है।

दिल्ली और पंजाब में कई लोगों से पूछताछ

इससे पहले गौरव गोगोई और उनकी पत्नी एलिजाबेथ कोलबर्न गोगोई के पाकिस्तान से संबंधों की जांच के लिए असम पुलिस द्वारा गठित एसआईटी दिल्ली और पंजाब में कई लोगों से पूछताछ कर वापस आ गई है।

जांच दल ने हाल ही में एक पर्यावरण विज्ञानी और दिल्ली स्थित ब्रिटिश उच्चायोग के दो कर्मचारियों से पूछताछ की है और ऐसी अटकलें लगाई जा रही हैं कि गौरव गोगोई को भी पूछताछ के लिए एसआईटी की ओर से समन भेजा जाएगा।

पाकिस्तानी नागरिक अली का मामला

• पुलिस के अनुसार, एसआईटी ने ब्रिटिश उच्चायोग के दो कर्मचारियों से पाकिस्तानी नागरिक अली तौकीर शेख के साथ उनके संबंधों के बारे में जानकारी प्राप्त करने के लिए पूछताछ की। तौकीर शेख का नाम सांप्रदायिक सद्भाव को अस्थिर करने में भूमिका के लिए असम पुलिस की प्राथमिकी में दर्ज किया गया है।
• शेख राष्ट्रीय सुरक्षा से जुड़ी अहम जानकारी हासिल करने में अपनी भूमिका के लिए जांच के घेरे में हैं। इस संबंध में मुख्यमंत्री हिमंत बिस्वा सरमा ने कहा कि एसआईटी को पाकिस्तानी नागरिक अली शेख से संबंधित महत्वपूर्ण साक्ष्य मिले हैं।

यह भी पढ़ें: 'बंदूक की नोक पर मणिपुर में नहीं आ सकती शांति', गौरव गोगोई ने संसद में सरकार पर साधा निशाना; वित्त मंत्री ने दिया करारा जवाब

1. Maharashtra alert over stir to raze Aurangzeb tomb  The Times of India
2. Hindu outfits threaten 'Babri-like' action if Aurangzeb tomb in Maharashtra not razed  India Today
3. Maharashtra Congress Chief's "Aurangzeb" Swipe At D Fadnavis Triggers Row  NDTV
4. Removal of Aurangzeb's grave won't serve any purpose: Athawale  Deccan Herald
5. When Shivaji’s grandson visited Aurangzeb’s tomb  The Indian Express

1. Putin ‘accepts Trump’s philosophy’ on ending Ukraine war, says US Special Envoy Steve Witkoff  Mint
2. Ukraine war latest: Trump says he and Putin will discuss 'land and power plants' in Tuesday's Ukraine talks  BBC.com
3. Trump-Putin phone call on Tuesday amid Russia-Ukraine peace talks  Hindustan Times
4. Trump may speak to Putin on Ukraine this week, US envoy says  The Times of India
5. Trump and Putin to discuss proposed Ukraine ceasefire this week  Al Jazeera English

1. Student booked for Gujarat crash was influenced by Danish film: Cops  The Times of India
2. Vadodara Crash Accused Swapped Seats With Friend: What New Footage Shows  NDTV
3. Vadodara car crash accused's infamous 'Another Round' chant nod to Oscar-winning film on binge drinking: Police  Hindustan Times
4. Vadodara accident case: rapid test confirms presence of drugs in accused’s blood; results of detailed tests awaited  The Indian Express
5. Vadodara crash accused was thrashed last month over chaos while being drunk  India Today

1. Most low-level political speech can turn into dystopian nightmare in Trump's USA: Self-deported Indian student  The New Indian Express
2. "Dystopian Nightmare": Indian Who Self-Deported From US After Visa Revocation  NDTV
3. How US immigration authorities tried to hunt down Indian student Ranjani Srinivasan and her escape to Canada  Firstpost
4. ‘Packed suitcase, left cat with friend, flew to Canada’: PhD scholar recalls rushed US exit  Hindustan Times
5. Silicon Valley's Indian-origin CEO of AI startup has message for Indian and international students on Ran  The Times of India