Short Covering

Only a few stocks have participated in the 2-day market rally

The sharp move on Friday and a big gap opening on Monday followed by renewed buying was on account of a short squeeze.

Trade Setup for Monday: Top 15 things to know before Opening Bell

For a decisive breakout to occur, experts say the Nifty has to close above 10,930. On the downside, 10,600 is a crucial support, a breach of which could extend the selling pressure

Nifty may hit 9400 in April series; 5 stocks which can give up to 17% return in short term

On the technical front, 9,020-9,050 is strong support zone for the Nifty and current trend is likely to continue towards 9,400. Here are top five stocks, which can give up to 7-17 percent in the short term based on technical parameters.

Trade Setup for Friday: Top 10 things you should know before Opening Bell

The Nifty on expected lines bounced back from its crucial support level of 13-days moving average to make a dash at 9100 level. Traders who are holding long positions should continue to hold them as long as Nifty trade above the gap support area of 9,060-8,975.

Short covering or trend reversal; views differ on today's rally

Although extremely positive on medium and long term, BSE & NSE Member Dipan Mehta feels the short term trend could be choppy and advises staying on the sidelines till Fed monetary policy and Brexit issues are out of the way.

Hold on to long positions, Nifty on its way beyond 8K: Experts

Experts believe the 7980 hurdle for the Nifty could soon be broken and a rally leading the index all the way to around 8250-level cannot be ruled out.

Mkt rally due to short covering, better to stay cautious: Pros

Independent market expert Ambareesh Baliga says, this is the kind of market where one can always expect the unexpected. It is better to have a strategy in place and keep switching between equity and debt to stay safe, he advises.

Look past today's rally, bear market not yet over: Experts

The stock market may have witnessed a spectacular bounceback today, following the carnage that has been witnessed recently, but some experts believe that this is no more than a short-term bounce that is unlikely to last.

Oil extends slide to below USD 30 as oversupply worries return

Meanwhile, Iraq may raise output further this year, reaching levels as high as 4 million barrels per day (bpd) from the country's south, a senior Iraqi oil official said. Current production has been around 3.7-3.8 million bpd

High temperature! Sensex up 506 pts, Nifty ends above 8150

Banks, auto and capital goods fueled the fire with some strong support. Tata Motors (up 5 percent) remained top gainer of the day as the auto major raised Rs 9040 crore through rights issue that was oversubscribed by 1.21 times.

Is the worse over?

We had a powerful short covering bounce yesterday on December 18, 2014 and a bit of buying from the domestic insurance companies/LIC because FIIs sold about Rs 800 crore, DIIs were on the net buying side but this market will now enter the business zone 8,200 to 8,250. Anuj Singhal of CNBC-TV18 has more details.

Book profit in CIL, see no near-term trigger: Edelweiss

Yogesh Radke, Head of Quantitative Research at Edelweiss Securities advises booking profit in Coal India because the dividend expectation trigger is done with and does not see any more short-term triggers.

See prospects of default; short covering: Nick Parsons

Even after the shutdown, politicians on either side in the US are not showing any spirit of conciliation, reconciliation or negotiation and against this backdrop it will be very difficult to come to an agreement.

See investment demand in gold; to touch Rs 35k: Commtrendz

So far, there was short covering in gold because the entire market was betting on lower prices and suddenly they discover some safe haven buying coming in. Now, investment demand will also add onto it and will play catch up as the safe haven asset just like the dollar

Don't exit in panic; see 5500-5525 as support: Experts

The markets have cracked and the rupee has fallen to 62 against dollar. Experts believe 5500-5525 to be a strong resistance point. Earlier also Nifty had taken some support at closer to 5,500-5,525 levels.

Dealers eye July series expiry between 5970-6030 range

The two most important strikes would be 6,000 Put and 6,000 Call. These will be the instruments that will be traded the most as we head into the expiry. The kind of expiry we could have would be at around 5,970 or 6,030, give or take 20 points here or there.

Positive on July series; short coverings to go on: Experts

The June Nifty series may have disappointed the street by ending down around 7 percent but experts are keeping a positive stance on July series, citing significant short covering seen towards the end of series.

Sensex holds 19000; MMTC locked at 10% lower circuit again

BSE Sensex is up 220.52 points at 19047.68, and the Nifty is up 69.50 points at 5768.60. Nearly 3 shares advanced for every share declining on the National Stock Exchange.

Good start to week, strong buying lifted Nifty: Udayan

In contrast to the previous week, Monday's trading session was a good start to the week, as a combination of short covering and may be a bit of strong hand buying as well lifted the market.

52-wk high sans interest is right for higher rally: Suri

Stock-trader Atul Suri explains to CNBC-TV18 that the market reaching a 52-week high on short-covering and without domestic participation is the perfect cocktail to send the market to even higher levels.

Rise in crude on EU promise doesn't change picture: O'Neill

Bill O'Neill, founder, Logic Advisers offers his perspectives on CNBC-TV18 as oil surged on Friday in heavy trading to the fourth biggest daily gain on record, on a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude's price-collapse over the last quarter.