Based on the open interest future percentage, here are the 155 stocks including Nifty Financial, Zydus Life, GNFC, PFC, and Tata Communications, in which short-covering was seen.
Stocks that were in focus included Praj Industries which rose over 4 percent, SpiceJet rallied more than 9 percent, and BHEL gained 11 percent on Tuesday.
JSW Energy, a subsidiary of JSW Group, was able to report 14 percent year-on-year growth in net profits during December quarter of the fiscal year 2021. Its balance sheet has got the backing of low debt and surplus cash. With new projects in the pipeline, does JSW Energy have enough steam to power ahead? Watch the video to find out.
Biocon, IndusInd Bank and HUL among the stocks that experts are betting on for short term
Robust Q2 performance, improving macros and de-listing plans seem to provide a strong tailwind for Allcargo Logistics. Cost containment efforts, acquisition synergies, and recovery in demand and scale-up of new business verticals could also translate into much better performance in the second half of this FY. In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses investors strategy on this multimodal logistics company.
The Nifty50 has to continue to hold above 12,950 zones to witness an up move towards 13,250, while on the downside, major support exists at 12,800, experts say.
Stocks like Amber Enterprises which rose nearly 13 percent, Federal Bank gained more than 7 percent, and Spencer Retail closed with gains of over 3 percent were some of the stocks in focus on Monday.
Indian markets will also react to the results of RIL on Friday. The Nifty can fall to 10,950 or 10,850 if it breaks 11,030. On the higher side, resistance exists at 11,150 and 11,200 levels.
Tune in to The Market Podcast with Kshitij Anand to find out what transpired in the markets this week.
Trends on SGX Nifty indicate a negative opening for the index in India. The Nifty futures were trading lower by 107 points, or 0.98%, at 10,406 on the Singaporean Exchange around 08:00 hours IST.
Investors will watch out the outcome of Delhi polls result and CPI inflation data for January as well as IIP data for December.
Mayuresh Joshi post Budget picks include Escorts to play the rural theme. From the consumer discretionary space, Joshi like Bata India, and pharma will again come back to focus.
A decisive move above 12300 levels in the Nifty (SPOT) should once again trigger a fresh round of short-covering by call writers which could take markets towards new record highs in the coming week.
Markets face intense selling with Sensex losing by 450 points while Nifty tumbling by a huge 135 points and close below the 10250 mark on the expiry day of F&O segment. The support for the day is seen at 10170 while resistance is seen at 10270.