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Nandish Shah is a technical research analyst at HDFC Securities. He has 15 years of experience in financial markets.
Nandish Shah is a technical research analyst at HDFC Securities. He has 15 years of experience in financial markets.
Long build up is seen in the Lupin Futures, where we have seen 2 per cent rise in the open interest with price rising by 1 per cent
A decisive move above 24,537 is likely to open the next upside target of 24,900 in the near term. The immediate support is placed at 24,300, as per the concept of change in polarity
Long build up is seen in the L&T Fin Futures, where we have seen 18 per cent rise in the open interest with price rising by 2.5 per cent
Short build-up is seen in the Nifty Futures on Thursday, where we have seen 4 per cent rise in the open interest with Nifty falling by 0.11 per cent
Short term trend of the Syngene remains strong as it is placed above its 5. 11 and 20 day EMA.
Short term trend of the Nifty remains weak as it is placed below its 5, 11 and 20 day EMA
Short build up is seen in the Bank Nifty Futures, where we have seen 6 per cent rise in the open interest with Bank Nifty falling by 1 per cent.
Buy BANK NIFTY (09-October Expiry) 51,800 PUT at Rs 284 & simultaneously sell 51,300 PUT at Rs 160
Short term trend of the Nifty remains bullish as it is placed above its 5, 11 and 20 day EMA.
Short covering is seen in the Bank Nifty Futures, where we have seen 9 per cent fall in the open interest with Bank Nifty rising by 1.49 per cent.
Long build up is seen in the M&M Finance futures during the September series till now where we have seen 7 per cent rise in 'Open' interest with price rising by 5 per cent
Buy Nifty (September 5 Expiry) 25,200 Call at Rs 140 & simultaneously sell 25,500 Call at Rs 30.
Short covering is seen in the Bank Nifty Futures, where we have seen 3 per cent fall in the open interest
Short build up is seen in the Nifty Futures during the August series till now, where we have seen 3 per cent rise in the open interest with Nifty falling by 1.20 per cent
Tata Power stock price has broken out on the daily chart to close at all time high with sharp rise in volumes.
F&O strategy for Indian Oil stock: IOCL share price has broken out on the daily chart to close at highest level since February 2024 with a sharp rise in volumes
Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.
Short covering is seen in the Bank Nifty Futures at lower levels, where Open Interest fell by 1 per cent (Prov) with Bank Nifty future rising more than 500 points from the intraday lows
Long build up is seen in the Tata Motors Futures where we have seen 2 per cent (Prov) rise in Open interest with price rising by 2.31 per cent
RSI Oscillator is sloping upwards and placed above 60 on the daily and weekly chart, suggesting strength in the current up move, says HDFC Securities