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Nykaa has seen a strong breakout after several weeks of consolidation. The stock has seen a formation of long bullish candlestick pattern on the daily charts with healthy volumes.

A move above 21,800 can lead to a short-covering move towards 22,000 and 22,200 levels on the Nifty 50.

Pawan Bharaddia believes that the next 4-5 years should see disproportionate wealth being created in the markets and if that happens, index numbers will only keep showing newer highs.

For the market, some of the key indicators to watch out for over the next few weeks are Q3 earnings and any escalation of Russia- Ukraine war and the West Asia crisis, says Manjit Singh

After recent consolidation, Suzlon Energy picked up the momentum and has formed bullish candlestick pattern with long lower shadow on the daily charts, indicating buying interest at lower levels.

Indicators and oscillators like MACD and RSI have turned bearish on the daily chart, which confirms the change in trend from bullish to bearish.

Most of the provisional numbers announced for the December quarter are indicating a positive trend as far as earnings are concerned, says Santosh Joseph, CEO and founder, Refolio Investments and Germinate Investor Services LLP

Trident extended its northward journey for sixth consecutive session. The stock has formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the volumes remained healthy in the past four sessions.

The parameters remain overbought, with 21,800-21,850 being the immediate hurdle in Nifty, followed by 21,900-22,000 for the upcoming week.

Nifty realty has shown good rally of 130 percent since March 2023 and is currently trading near 844 levels.