BUSINESS
F&O Manual | Nifty stays downhill with key resistance at 20,100 points
Options data suggests call writers dominant for the day. At 11 AM, the Sensex was down 586.49 points or 0.87 percent at 67,010.35, and the Nifty was down 166.00 points or 0.82 percent at 19,967.30. About 1272 shares advanced, 1723 shares declined, and 88 shares unchanged.
BUSINESS
F&O Manual | Bullish momentum propels Nifty to record highs; Key support at 20,100
Amid positive global cues, bullish momentum drives benchmark indices to new highs. The Sensex and Nifty have gained, with auto and PSU banks up 1 percent. Traders are advised to buy on intraday dips, focusing on psychological support levels at 20,000, while also considering potential resistance at 20,200 and 20,450.
BUSINESS
Promoters, selling investors feel they lose out when IPOs do well after listing: Centrum’s Mridul Mehta
The manufacturing sector is expected to make a comeback in the IPO market, while issues from new-age companies may still take a few quarters.
BUSINESS
F&O Manual |Bull run persists as Nifty shows aggressive put writing at 20000 strike
At 11 AM, the Sensex was up 25.40 points or 0.04 percent at 67,492.39, and the Nifty was up 24.40 points or 0.12 percent at 20,094.40. About 2184 shares advanced, 781 shares declined, and 94 shares unchanged.
BUSINESS
Analyst Tracker: ONGC beats crude price volatility as top oil and gas pick for brokerages
Brokerages see a 24 percent upside in the stock on higher realisations and volumes, ambitious growth plans and lower costs.
BUSINESS
F&O Manual | Nifty trades flat as call and put writers tussle at 20,000 strike
A tussle between call and put writers is witnessed at 20000 open interest level. According to Prabhudas Lilladher," The Nifty index would have the near-term support zone at around 19820-19840 levels with the sentiment maintained with a cautious approach. The support for the day is seen at 19850 levels while the resistance is seen at 20150 levels.
BUSINESS
Zomato's profitability surge earns investor confidence; Bernstein gives 'outperform' rating
Zomato's proactive efforts to enhance profitability and its ability to consistently outperform expectations have garnered significant attention from investors. The Bernstein report highlights these achievements as Zomato shifts its focus towards a profitability-driven approach, setting a positive tone for the company's future growth and valuation in the competitive food delivery industry.
BUSINESS
As Nifty scales 20k, derivatives outlook show index marching on to higher peaks
The NSE Nifty 50 has reached new heights, driven by investments from FIIs, DIIs, and Indian retail investors, surpassing the psychological 20,000-mark on September 11. Despite the market achieving new all-time highs, analysts believe that valuations remain reasonable, with the next target for the Nifty at 21,500 level.
BUSINESS
F&O Manual | Experts predict strong positive momentum as Nifty marches towards 20,000
Options data suggests that put writers are dominant for the day with heavy put writing at 19900 and 19800 levels. Technically, Nifty eyes the 20,000 milestone now, and with the ongoing momentum, it would be barely a task for the bulls to attain the mark as per experts.
BUSINESS
F&O Manual |Nifty trades in thin range with key straddle position at 19,600 strike
The benchmark index Nifty50 continues to witness a slender range-bound movement. Nifty weekly contract has highest open interest at 19600 for Calls and Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts.
BUSINESS
September F&O outlook: Spotlight on stocks after August rollover and derivative strategies
August series witnessed a breather after the rally of the last four series. The August series saw a 20.4 percent decline in open interest along with a 2.1 percent drop in prices on an expiry-to-expiry basis.
BUSINESS
F&O Manual | Market sees tepid trading, Nifty stays flat with resistance at 19,550
Indices fail to hold on to the early gain amid volatility, trading flat. All sectoral indices are trading in the green with metal index up nearly 3 percent and realty index up 1 percent. The options data suggests call writers were dominant, with heavy call writing at 19,450, 19,550 and 19700 strike. Analysts said despite a positive initial start, prices are struggling to maintain the upward trajectory and are expected to return within the recent trading range and continue with the choppy phase.
BUSINESS
F&O Manual | Nifty trades positive, crucial support at 19,250
A breach 19,170–19,200 can lead to further weakness and the Nifty can slide to 19,050–19,000 in the near term. The 'sell-on- rise' strategy is expected to favour traders until the Nifty surpasses 19,500, analysts have said
BUSINESS
F&O Manual |Nifty trades lower amid expiry volatility, resistance at 19,400
A day of choppy trade is expected, with support for the Nifty at 19,250. IT, auto and metal indices were up, while selling was seen in bank, pharma, FMCG and oil & gas names
BUSINESS
How Power Grid is capitalising on India’s energy revolution with robust expansion plans
The state-owned power transmission company is poised to command a higher 50-plus percent share of the transmission market going forward as compared to its long-term average of 40 percent
BUSINESS
F&O Manual | Indices ride on positive global cues; Nifty finds strong support at 19,400
At 11 AM, the Sensex was up 362.28 points or 0.56 percent at 65,438.10, and the Nifty was up 100.30 points or 0.52 percent at 19,443. About 2137 shares advanced, 843 shares declined, and 109 shares unchanged. As per options data put writers are dominant for the day with strong support at 19400 strike.
BUSINESS
Shares of Piramal Enterprise fall 4%; take a look at brokerage views
Piramal Enterprise Ltd's shares saw a 4 percent dip on August 28. During its Investor Day, the company aimed to double FY23 loan AUM to Rs 1.2-1.3 trillion by FY28 and achieve 3 percent consolidated RoA. Emphasis was on a robust retail NBFC and technology adoption. Brokerages offer mixed views, with Jefferies expressing caution and Emkay Global endorsing growth prospects
BUSINESS
F&O Manual | Sideways momentum continues, Nifty faces crucial resistance at 19,350
Nifty is witnessing sideways momentum with call writers dominant for the day. A decent pullback near previous day low around 19230 is expected by experts. Critical resistance area lies at 19300-19400 levels and closed above a decisive move past the 19400 levels would once again strengthen the trend and carry on the momentum to the upside.
BUSINESS
Banking sector derivative pair strategy: Options outlook for Bank nifty ahead of expiry this week
On the daily chart, the Bank Nifty formed a morning star pattern and closed marginally above the 50-DEMA at 44,494, a rise of 262 points. As per analysts, Bank Nifty index demonstrates a strong bullish sentiment at the lower end of the range, with sustained buying interest
BUSINESS
Mphasis shares slide as brokerages downgrade stock on growth uncertainty
Mphasis Ltd's shares dipped as brokerages downgraded ratings due to weak large accounts and demand uncertainty. While aiming for growth through vertical-geo-capability expansion, the company maintains BFS as its core. Brokerages like Kotak and ICICI express caution amid valuation concerns and growth outlook challenges, respectively.
BUSINESS
F&O Manual | Nifty hints at sideways-to-positive momentum, critical support at 19,250
The options data suggests a sideways to positive momentum. Put options written were almost twice the open interest level of call options at the 19300 strike. Analysts believe that a decisive breach below the 19250-19270 zone would weaken the overall bias and could trigger a further slide, with the next major support zone visible near 18800-18900 levels and 19000 serving as the psychological landmark in-between. Support for the day is observed at 19200 levels, while resistance is identified at 19450 levels.
BUSINESS
F&O Manual| Nifty slips below 19,300 mark as sectoral pressure persists
As per options data call writers are dominant for the day with calls written over twice of put written at 19300 levels. Key resistance for the day can be seen at 19400 strike followed by 19500 and 19600. According to ICICI Securities, if Nifty sustains below 19300 levels than the current profit booking might extend towards 19150.
BUSINESS
F&O Manual | Indices trade flat, Nifty faces resistance at 19,550
The Nifty is inching toward the crucial resistance zone of 19,480-19,500 and if there is no significant global aberration, it can move towards 19,650-19,680, analysts said
BUSINESS
Timken India stock to benefit as private capital spending recovers: Analysts
Timken is poised for better growth, driven by investments in domestic manufacturing of spherical and cylindrical roller bearings, currently imported and traded in India
