Put unwinding was seen at the strike price of 10,000, which shed 4.01 lakh contracts in open interest, followed by 10,200 which shed 3.78 lakh contracts and 10,500 which shed 2.61 lakh contracts.
Experts have advised investors to not get rattled by volatility and continue to stay invested in high-quality names with steady balance sheets and management.
In an interview with Moneycontrol's Kshitij Anand, Dharmesh Kant speaks about his view on the currency, and stocks that he thinks are good bets
Ram stands as the symbol of many virtues and his life and events surrounding Dussehra can also be used for understanding a righteous way of investing
Rajeev Srivastava of Reliance Securities expects the Indian equity market to remain choppy and volatile in October
The market is shut today on account of Dussehra, which marks the victory of good over evil. The equity market tries to fight a similar battle every day, with good quality names eventually emerging victorious
The forex and commodity futures markets too will not conduct any kind of trading
One should look at buying on dips around $1220-$1180, on the domestic front we can look at buying around Rs 31,500-31,000 and hold for at least a year
The upside remains open towards 10,650 – 10,700 but it will be too soon to take bullish call given the indicators are showing a weaker trend strength.
A look at cues from market in India and abroad to help you with your trade today.
Technically, Nifty has to continue to hold above 10,525 zones to extend its move towards 10650.
Maximum call writing was seen at the strike price of 10,600, which added 2.87 lakh contracts, followed by 10,900 which added 0.69 lakh contracts and 11,100 which added 0.60 lakh contracts.
This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of a trend reversal for the short-term.
A look at cues from the market in India and abroad to help you with your trade.
Put writing was seen at the strike price of 10,400, which added 2.51 lakh contracts in open interest, followed by 10,500 which added 1.23 lakh contracts and 10,300 strike which added 1.17 lakh contracts.
9 companies will declare their results for the September quarter which include names like Federal Bank, Hero MotoCorp, Infosys, Mahindra CIE, Shakti Pumps etc. among others.
Based on above facts, one thing is clear, till the market is not crossing 11760, markets broadly would remain in a down trend and most likely to consolidate
The breadth of the market favoured advances, with 1096 stocks advancing, 598 declining and 375 remaining unchanged. On BSE, 1421 stocks advanced, 927 declined and 148 remained unchanged.
Continue with SIPs and do not indulge into panic selling based on news, writes Rahul Jain of Edelweiss
The breadth of the market favoured advances, with 887 stocks advancing, 680 declining and 484 remaining unchanged. On BSE, 1035 stocks advanced, 717 declined and 84 remained unchanged.
Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,476-level on the Singaporean Exchange.
Investors tried to shrug off all the negativity that it has been undergoing for the past few weeks. There was some resilience to the global selloff observed during the last week.
A list of important headlines from across news agencies that could help in your trade today.
Maximum Call open interest (OI) of 47.81 lakh contracts was seen at the 11,000 strike price. This will act as a crucial resistance level for the October series.
Harami is a reversal candlestick Pattern and consists of two candlesticks. The first candle is usually long and the second candle has a small body. The second candle is generally opposite in colour to the first candle