Marico, Tata Motors: 5 Nifty50 stocks that can to do well in a weak market

Marico Limited (MARICO): After conquering the 200-days moving average (DMA), the counter has successfully managed to trade above the 50-DMA with “Higher High, Higher Low” formation. This reflects a strong upward momentum with price absorbing selling pressure at higher levels. Going forward, a decisive close above Rs 380 levels may open the doors for a further upside. It can hit Rs 410 and then Rs 418 levels over the next few sessions. However, the stock needs to defend Rs 360 on a closing basis to maintain its upward bias. CLICK HERE FOR THE CHART
Tata Motors Limited (TATAMOTORS): The weekly chart depicts a minor resistance at 100-weekly moving average (WMA) placed at Rs148.65 levels. That said, the trend stays highly optimistic as the Moving Average Convergence Divergence (MACD) has crossed the zero line upward, which suggests underlying strength. The support is at 50-WMA, currently placed at Rs 128.20 levels. CLICK HERE FOR THE CHART

Bharti Infratel Limited (INFRATEL): This is the fifth time this counter has managed to conquer 200 (DMA) over the past few weeks and now looks to breakout as the volumes have surged as well. The volume breakout was missing in every last attempt it made to cross the 200-DMA, which led to the stock correcting. The current volumes are not only above the “average volumes” of the last month, but have crossed the highest per day volume seen in the last eight months. The trend shows a rally towards Rs 240 and then Rs 255 levels, as per the daily chart. The support stays at Rs 199 levels, which is its 100-DMA. CLICK HERE FOR THE CHART
MindTree Limited (MINDTREE): The overall trend appears to be highly bullish as the counter is constantly attempting to absorb the selling pressure above Rs 1,200 levels. This may take a while, but eventually should see a breakout towards Rs 1,350 to Rs 1,400 levels. The support comes at Rs 1,150 on a closing basis. CLICK HERE FOR THE CHART
Dr. Reddy's Laboratories Limited (DRREDDY): The medium-term outlook stays strong with the stock steadily moving towards Rs 4,800 – Rs 4,900 levels. The immediate trend is testing the support of 50-DMA placed at Rs 4,265 levels. Till the counter trades above Rs 4,200 levels, the upside bias should stay firm. The immediate resistance comes at Rs 4,490. CLICK HERE FOR THE CHART