After being in an uptrend since Budget 2021, market saw immense selling pressure on February 26. Experts now advise momentum traders to avoid aggressive or leveraged longs for a while. Here are some names to look at for March series
Nifty50 jumped over 6 percent in April 2018, followed by 4.3 percent in April 2013 and over 1.48 percent in April 2016 — three of the biggest gains in April in the last 10 years.
If Nifty can come above 10,000 levels if the situations in front of COVID-19 improves from here because valuations are very attractive at current levels.
The down move was supported by fresh short positions, but most of them are now out of the system as the open interest has declined by 23.88% on the expiry-to-expiry basis.
The important April series gets underway today. The March series was volatile and turbulent. The flows have been good given how poor India has performed. The market has got nearly Rs 10,000 crore in the March series despite so much damage, which has happened on individual names.
In an interview to CNBC-TV18, Amit Gupta, Head-Derivatives at ICICI Direct shared his views on the future and options market and various stocks.
Amit Trivedi, director, Fin Stream Financial Advisors says that he does not expect markets to dip substantially lower.
The F&O expiry of the March series takes place today and it has definitely been a long drawn out series. Weak global and domestic macro cues continued to dominate market momentum, says CNBC-TV18's managing editor Udayan Mukherjee.
Financial year 2012 comes to a close this week. After last week's volatility, it can be an action packed week primarily as traders roll over their March contracts to April series.
We are through to the World Cup and CNBC-TV18’s managing editor Udayan Mukherjee is all smiles this morning. Now if 5,800-6,000 can happen, he says, we are through.