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Rego remains positive on BFSI given its healthy growth outlook and earnings trajectory, with return ratios expected to remain healthy.

HDFC AMC recorded more than 3 percent gains to Rs 3,894.65, which is near the record closing high of Rs 3,903.85 of February 27 this year. The stock has formed bullish candlestick pattern on the daily charts with significantly higher volumes.

Over the next few days, the trend in the Nifty 50 index might remain sideways unless it breaks above the all-time high of 22,783.

An above-average monsoon will benefit cement players, who derive a significant portion of their revenues from rural housing, says the founder and fund manager of Green Portfolio.

ICICI Bank was the star performer in the Nifty 50 and formed robust bullish candlestick pattern on the daily charts with healthy volumes. The stock traded above all key moving averages now.

On the higher side, resistance for the Nifty is seen in the range of 22,700-22,775. The upside momentum is likely to accelerate once the all-time high of 22,775 is taken out.

The recent price action of Yes Bank indicates a significant development in its long-term trend, says Jigar Patel

As long as the Nifty 50 holds 22,300-22,200 levels on closing basis, the upward march towards 22,800 cant be ruled out in the coming sessions.

For Nifty, 23000 appears more probable while 23,500 would be over optimistic in May series, says Jatin Gedia.

Havells India, for instance, saw a breakout of its falling resistance trendline adjoining the highs of March 2 and April 8, and formed a big bullish candlestick pattern on the daily timeframe with healthy volumes.