BUSINESS
L&T poised to move towards Rs 3,800 after trendline breakout
L&T is forming higher peaks and higher troughs on the weekly chart, indicating a sustained positive trend
BUSINESS
F&O Manual | Nifty trades marginally lower, analysts expect range-bound trade till year-end
Nifty is expected to consolidate, moving range-bound within 200 points until the year-end, with the next up move expected in January. Bank Nifty, on the other hand, may see a correction up to 47,500 levels.
BUSINESS
Kotak Securities anticipates limited upside for Nifty levels next year: Here’s why
Kotak Securities foresees the NIFTY reaching 21,834 levels by the end of the calendar year 2024, with the current Nifty standing at 21,418. They expect a period of consolidation in the Indian markets next year, due to the prevailing rich valuations
BUSINESS
Pharma Sector set for gains: Dr Reddy's Lab sees significant long position build-up
Pharma sector to be in focus this week in F&O segment with strong long build up witnessed in stocks like Zydus Life, Lupin, Lauruslabs, Divislab, and Dr. Reddy's.
BUSINESS
F&O Manual | Market extends gains, Nifty's immediate support is at 21,000
Among individual stocks, a long build-up was seen in National Aluminium Company, Coforge, Persistent and Bandhan Bank. REC Ltd, HAL and PFC saw a short buildup
BUSINESS
As Nifty touches record high, 4 breakout stocks that should be on your radar
Three banks and a non-banking financial services company are the stocks that analysts expect to do well in the short term
BUSINESS
Fed's pivot pushes gold futures up 1,000 points, Bank Nifty poised to hit 48,000
For the day, support for the Nifty is seen at 20,980-21,000. As long as this zone holds, the index can move towards 21,200-21,280. On the downside, the index can slip to 20,850-20,800 if it fails to hold 20,980, say analysts
BUSINESS
Nifty, Bank Nifty guide ahead of US FOMC meet: What derivatives, technical data show?
After the US monetary policy outcome tomorrow, both the indices may see a directional move, but at this moment the market is a little bullish and there is no such bearishness
BUSINESS
F&O Manual | Nifty retests 20,800 levels as market consolidates on profit-booking
Significant call writing buildup is witnessed in 20950 and 21000 strikes, while on the puts front, 20900-20850-20800 witnessed considerable OI additions. Overall, the range for the day could be 20750 on the downside and 21017 on the upside
BUSINESS
Making losses on 9.20 short straddle? Backtest suggests adjustments to improve strategy
The 9.20 short options straddle has gained popularity among algorithmic traders for executing simultaneous call and put options plays on the Bank Nifty index. However, a backtest performance study shows periods of significant drawdowns in the recent years.
BUSINESS
How to trade Fin Nifty in today's expiry?
The Finnifty index must scale over 21,250 to draw bullish momentum. A failure to hold the spot 21,200, the 21,250 CE may see aggressive writing as per analyst.
BUSINESS
F&O Manual | Sideways momentum drives Nifty bulls to a halt; key straddle at 21,000 strike
Despite the slowdown, minor dips favor the bulls, and a gradual upshift in the support base signifies a positive development technically.
BUSINESS
F&O Manual | Benchmarks shed early gains, trade in a range as more consolidation looks likely
As per Angel One, this week 20850 is viewed as immediate support, and sustained trading below this level could trigger a price correction, potentially bringing prices toward the next support at 20700.
BUSINESS
F&O weekly roundup|Bullish signals in IT, banks, metals, cement, and capital goods
In the week gone by, Nifty continued its bullish momentum and closed at yet another lifetime high. Bank Nifty outperformed the Nifty. Overall, the data is encouraging. A buy-on-dip strategy is advisable until Nifty holds around the 20700 level and Bank Nifty around 46400 on the spot chart.
MARKETS
Nifty, Bank Nifty option premiums to remain low as volatility ebbs, poll certainty increases
As general elections near, option prices will likely remain low also due to better price discovery and decoupling from global equities. India has shifted from being a high beta market to now being independent of the US markets.
BUSINESS
F&O Manual | Nifty hits 21k after RBI decision, overbought conditions spark minor retracement
Nifty managed to surpass yet another milestone of 21,000 today. It is up 1 percent in CY23 year to date.
BUSINESS
Bank Nifty trading with positive bias after hitting new high; buy at these levels, watch volatility
RBI MPC meeting: In the short term, Bank Nifty may encounter volatility; a breakout above 47,200 could propel the index towards 48,000. On the downside, support is positioned at 46,800.
BUSINESS
Private credit shall bridge the gap to IPOs in the times ahead: Nilesh Dhedhi, MD & CEO, Avendus Finance
In an exclusive interview with Moneycontrol, Nilesh Dhedhi, Managing Director and CEO of Avendus Finance, delved into the intricacies of the private credit market and its ascent as a diverse capital solution
BUSINESS
Nifty breaks 7-day winning streak, needs to surpass 20,940-mark for upward trend on expiry
Spot Nifty should cross the 20,940 mark to instigate bulls to ride the upward trend. This hurdle remains a crucial level for today, its expiry day.
BUSINESS
L&T Technology Services rebounds from support zone, signalling potential upside
Currently, the LTTS is trading above its short and long-term moving averages. These averages are on a rising trajectory and are in the desired sequence, suggesting a strong trend. Notably, the daily RSI took support in the zone of 60-62 and experienced a sharp rebound, which is a bullish sign according to RSI range shift rules.
BUSINESS
F&O Manual | Benchmarks trade in green, expiry day volatility weakens Bank Nifty
Bank Nifty possesses resilient support near the previous spot accumulation range of 46750 – 46650. A stability over 47000 could trigger a positive rally on the expiry day.
BUSINESS
How to trade Fin Nifty in today's expiry?
Fin Nifty is witnessing heavy traction around the 21,000 level, with the highest OI seen in both CE and PE. Analysts anticipate a positive bias until this mark is defended.
BUSINESS
Foreign Institutions’ net long in stock futures scales a 4-month high
In the Futures and Options (F&O) space, FIIs have drastically reduced their net shorts in Index futures, with the current week's net short position standing at a mere 47,000 contracts, compared to the previous week's high of 1.3 lakh contracts. These positions are signally further rally in the domestic markets.
BUSINESS
F&O Manual |Bullish momentum prevails; Nifty advances towards 21000
For the Nifty, immediate support is at 20,500 and then 20300, while resistance is at 20,800 and then 21,000. It has to hold above 20,500 for an upmove towards 20,800 and then 21,000
