New Delhi, Dec. 29 -- Nifty continues to face overhead pressure after failing to sustain above the downward sloping trendline, which has acted as a dynamic resistance since early December. The rejection near 26,117 and failure to hold above 26,100 further confirms short-term supply in that region

Why it's recommended: NALCO is exhibiting strong bullish momentum supported by high trend strength. The stock is trading firmly above short-term support zones and is part of the broader metals sector rally. The daily RSI at 62 suggests positive momentum that is not yet overbought, while the MACD at +2 shows a clean positive crossover, reinforcing the bullish bias. Most notably, the ADX at 52 reflects a very strong trend strength, signaling a wel...