BUSINESS
F&O Buzzers: TCS may head for all-time high, Infosys support base shifts up; watch these levels to buy on dips
Post today's gains analysts predict that TCS may head to all-time high levels of around Rs 4000. Infosys on other hand may challenge resistance of Rs 1660.
BUSINESS
F&O Manual| Nifty hits new high; a close above 21,800 can take it to 22,000
If the Nifty closes above 21,800 today, which is the weekly expiry, it can hit a new high of 22,000 in a short time, analysts have said
BUSINESS
Polycab volatility to persist as short buildup indicates weakness, support at 3,600
Polycab India has tanked more than 27 percent in the last five sessions due to the corporate governance issue and I-T raid
BUSINESS
F&O Manual | Benchmark indices trade high, Nifty faces hurdle around 21,800
Among individual stocks, Hero Motocorp, RBL Bank and MGL were seeing a long build up and Polycab, Dr Reddy's and Infosys a short build up.
BUSINESS
IRFC on the verge of a breakout, signals buy
IRFC's daily Relative Strength Index (RSI) has consistently been in the super bullish zone since December 2023. Additionally, the daily stochastic indicator is reinforcing the bullish momentum, further supporting the positive outlook for the stock.
BUSINESS
Selling pressure in IT stocks ahead of Infy, TCS results; here’s how traders position the market
The Nifty IT index is grappling to overcome the selling pressure emerging around the 36,000 mark. This hurdle must be surpassed to enter the next leg of upside, as per experts.
BUSINESS
F&O Manual | Markets move sideways, Bank Nifty to expire in 47,000 to 47,500 range
Analyst expect that Bank Nifty will trade within the range of 47000 to 47500, having substantial Open Interest at both the Put and Call strikes.
BUSINESS
F&O Manual | Nifty trades higher; 21,900 acts as crucial hurdle for the day
The index will undergo consolidation in the 21,900-21,300 range amid stock-specific action as we enter the Q3 earnings season. This would contribute to a healthier market and set the stage for the next leg of an upward move, says ICICI securities.
BUSINESS
Ahead of Budget: Which sectors will be at forefront in January?
Potential measures by the government could include increased allocations for defense, railways, and other infrastructure projects, leading to rallies in stocks related to these sectors. While technically realty and banking & financial services are set for outperformance in January ahead of the Budget.
BUSINESS
F&O Manual | Nifty trades in red, analysts predict profit-booking below 21,500 levels
ICICI Securities remains positive on Nifty as long as it holds above 21500 levels, below which a round of profit booking is anticipated.
BUSINESS
F&O Manual| Nifty consolidates towards 22,000, technical charts indicate
Since end of October 23 the intermediate corrections have been limited to 3 percent while time wise correction has not exceeded for more than 2-3 sessions, highlighting inherent strength in Nifty. As per ICICI securities, any breather should be capitalized to accumulate quality stocks ahead of Q3 earning season.
BUSINESS
Sharp volatility, correction likely ahead of Q3 results; Vix jumps, be cautious on leveraged stocks
India VIX has reached its highest levels in more than 6 months, closing at 14 levels due to the closure of Call writers' positions. While the market remains in an uptrend, analysts believe that such a sharp rise in volatility ahead of the results season suggests one should exercise caution in highly leveraged stocks.
BUSINESS
HAL set to move higher towards Rs 3,010 after horizontal trendline breakout
On the derivative front, the January series future has surged 2.79 percent. The cumulative OI of current, next and far series surged by nearly 7 percent, indicating a long build-up
BUSINESS
NBCC gives trendline breakout signaling Buy
The stock is currently trading at its 52-week high, and various indicators, including moving averages and momentum-based setups, signal a continuation of bullish momentum.
BUSINESS
F&O Manual | Indices enter correction phase, Bank Nifty may expire below 48,000
At 10:30 AM, Bank Nifty was down 163 points or 0.35 percent at 47595, and the Nifty was down 94.10 points or 0.43 percent at 21,571.70.
BUSINESS
Finnifty volatile, sell-off in underlying spot triggers spike in 21,200 put options
Experts believe that Finnifty is showing bearish momentum, and it shall continue until 21,590 levels are broken
BUSINESS
F&O Manual | Indices in red as FIIs reduce future longs, raise shorts by 2%
On Nifty significant call writing buildup is witnessed in 21,750 and 21,800 strikes, while on the puts front, 21,700-21,600 witnessed considerable Open Interest additions. Overall, the range for the index could be 21,570 on the downside and 21,850 on the upside, said analyst.
BUSINESS
MC Explainer | Backtesting and how to read a backtest report
Backtesting is as an analytical tool used by traders to assess the viability and effectiveness of their trading strategies. It involves testing a strategy with historical market data to evaluate how it would have performed in the past
BUSINESS
F&O Manual | Benchmarks trade positive, limited downside in Sensex on expiry till 70,750
Price action suggests a limited downside for Sensex. However, if the day’s low of 70,750 is broken, Sensex could see the level of 70,500.
BUSINESS
F&O Manual | Nifty erases losses and trades positively, support placed at 21,000 strike
Option data suggests that put writers have built long positions at the 21,100, 21,000, and 20,900 strikes, which shall act as support for the day.
BUSINESS
Put option premiums muted, protection cost to remain low as market looks up ahead of polls
Amid the ongoing rally and overbought conditions, premiums on put options have fallen considerably lower than call options. This is likely to remain so, as election uncertainty seems to have been taken out, and markets look up.
BUSINESS
Piramal Enterprises sees Ascending Broadening Wedge pattern breakdown; signals sell
On December 20, Piramal Enterprises' stock broke below the lower trendline of the Broadening Wedge pattern, signaling a continuation of the bearish trend.
BUSINESS
F&O Manual | Bank Nifty faces selling pressure beyond 48,100, likely expiry around 48,000
The highest OI concentration can be observed in the 48,000 CE, 48,100 CE, and 48,200 CE, indicating a scenario of writing. Traders may anticipate a decline once the index breaches the spot 47,900-mark; until then, the expiry is expected around the spot 48,000 level.
BUSINESS
Voltas surges as bullish Mat Hold candle pattern signals breakout
The BSE Consumer Durable Monthly Chart index has recently experienced a breakout following a two-year consolidation patch. Notably, Voltas scrip is exhibiting the strongest bullish momentum.
