According to Jatin Gedia of Teji Mandi Investment Technologies, the Nifty has been range-bound after breaking above the 23,800 resistance level and formed a small-bodied bullish candle with a higher shadow, suggesting selling pressure at the 23,980–24,000 levels. The index is managing to sustain above the 23,860 level, which is the 20-day moving average. The daily momentum indicator has a positive crossover, which is a buy signal, making this consolidation a buying opportunity. A breach above 24,000 shall lead to an upmove towards 24,225 and has the potential to stretch towards 24,415, which coincides with the daily upper Bollinger band. A breach below 23,850 weakens the structure and could lead to a fall towards 23,660.
As reported by Teji Mandi Investment Technologies, Bank Nifty has also been range-bound after a strong upmove witnessed towards 55,500 earlier during the week. The fall appears corrective and is approaching the support cluster of 54,700–54,600, which coincides with the gap area support and the 40-hour exponential moving average. This support cluster is likely to act as an uptrend resumption zone, and we expect the Bank Nifty to rally towards 56,200–56,350, which coincides with the previous swing high. A breach below 54,600 could lead to a decline towards 54,200 to fill the gap area.
GMR Airports reported strong Q4 results, swinging into profitability with a profit of ₹400.49 crore in the three months ended March 2026, marking the first time it has recorded full-year profitability in more than a decade. The company's total income climbed to ₹4,042.90 crore with profits rising to ₹472 crore for the fiscal year ended March 2026. Elara Capital has maintained a Buy rating with a target price of ₹140, translating to an upside of 43 per cent from current levels. The brokerage highlighted strong Q4 performance driven by tariff increases at Delhi airport and robust growth in duty-free, cargo, and retail segments. The upcoming Bhogapuram airport is expected to be commissioned in Q2FY27, while additions such as Nagpur airport and tariff revision at Hyderabad are likely to support the next growth phase.
According to the technical analysis, ACC is recommended as a buy at ₹1,426.6 with a stop-loss of ₹1,397 and target of ₹1,484. The stock has formed a Hammer candlestick pattern at the 61.8 per cent Fibonacci retracement level (₹1,355) and also breached a falling trendline resistance, indicating strength. The stock managed to close above the 40-day average (₹1,407) after five months, indicating short-term strength. The momentum indicator has a positive crossover, which is a buy signal.
As reported by Teji Mandi Investment Technologies, South Indian Bank is recommended as a buy at ₹41.15 with a stop-loss of ₹39.7 and target of ₹44.3. The stock has been consolidating in the 40.20–41.50 range for the past five sessions and has formed a bullish belt-hold pattern. The analysis expects it to break out of this consolidation on the upside over the next few trading sessions, with positive crossover on the daily momentum indicator supporting the bullish stance.
