Bullish futures positioning hints at upside in large-cap stocks

Bullish futures positioning and strong rollovers suggest upside in several large-cap stocks in the July series. IndusInd Bank staged a breakout with over 96% rollovers, targeting Rs 1,050–1,120, while Nalco reversed from its 200-day EMA with a 4.5% gain, eyeing Rs 371–385. Shree Cement crossed the Rs 26,000 resistance with targets at Rs 28,300–28,500, and HDFC AMC, Adani Energy Solutions, Nestle India, and ONGC also showed technical setups indicating further upside.