MSCI has added two new Indian stocks to the MSCI equity index and upgraded three other stocks to the mid-cap category in its latest rebalancing process. A total of five Indian companies have been included in the MSCI Global Standard Index this time: Alkem Laboratories, Oberoi Realty, BSE, Kalyan Jewellers India and Voltas.

Among these, BSE, Kalyan Jewellers and Voltas have been promoted from small-cap to mid-cap category, while Oberoi Realty and Alkem Laboratories have been included in the index for the first time. According to Nuvama Alternative and Quantitative Research, these five stocks can attract a total investment of about $1,200 million. Of this, Voltas alone can acquire a quarter share.

Alkem Labs

Upside potential level: 9.2%
Support Levels: ₹5,720; ₹5,380
Resistance Levels: ₹5,970; ₹6,100

The stock of Alkem Labs has been moving down on a daily basis for the last two months. Currently, it is trading below short-term moving averages like 20-DMA and 50-DMA but is taking support around 100-DMA at ₹5,720.

If the 100-DMA support holds, Alkem Labs stock can bounce towards ₹ 6,300, with intermediate resistance levels at ₹ 5,970 and ₹ 6,100. On the other hand, if the 100-DMA support breaks, the stock can drop towards 200-DMA at ₹ 5,380. Click here for the chart.

BSE

Current Price: ₹4,835
Upside Potential: 19.3%
Support Levels: ₹4,600; ₹4,425
Resistance Levels: ₹4,975; ₹5,310

Though the market is volatile, BSE stock has made new highs with a strong rally of 69% since mid-September. As per the long-term chart, the trend of BSE can remain positive as long as it is trading above ₹4,600.

On the upside, the BSE can reach ₹5,770, with intermediate resistance levels at ₹4,975 and ₹5,310. If it breaks the support level of ₹4,600, it can take support around ₹4,425. Click here for a chart

Kalyan jewellers

Current Price: ₹710
Upside Potential: 10.6%
Support Level: ₹695; ₹624
Resistance Level: ₹730

Kalyan Jewellers stock is recovering after finding support near the 20-VMA (weekly average) in recent trading sessions. The 20-VMA is at ₹ 624, which can help the stock to maintain its uptrend. It also has a support level of ₹ 695 nearby.

On the upside, the stock can move towards its recent high of ₹ 785, with a resistance level at ₹ 730 in between. Click here for a chart

Oberoi Realty

Current Price: ₹2,065
Upside Potential: 8.2%
Support Levels: ₹2,055; ₹2,025; ₹1,970
Resistance Levels: ₹2,105; ₹2,160

Oberoi Realty has shown a fresh surge on the daily chart in Thursday's trading session. The trend may remain positive shortly as long as it trades above the support zone of ₹2,055 - ₹2,025. It should trade above ₹1,970 to maintain the overall positive trend.

On the upside, the stock can reach ₹ 2,235, with resistance levels at ₹ 2,105 and ₹ 2,160. Click here for the chart.

Voltas

Current Price: ₹1,740
Upside Potential: 5.8%
Support Level: ₹1,660
Resistance Level: ₹1,765; ₹1,810

Voltas has bounced back after taking support around the 100-DMA. Currently, it is facing resistance around the 20-DMA at ₹ 1,765, above which the next resistance is at ₹ 1,810 and ₹ 1,840. Unless there is a clear change in direction, the stock may trade in a broad range between ₹ 1,660 and ₹ 1,840. Click here for the chart.