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Rex Cano

Rex Cano

Rex Cano

Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.

Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.

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FIIs add short bets in Bank Nifty amid Tuesday fall; check details here

FIIs were net sellers in index futures for the fourth straight day yesterday. Open positions in Bank Nifty rose by nearly 12% amid the market fall. Here's what experts have to say.

FIIs add short bets in Bank Nifty amid Tuesday fall; check details here
Updated On : 12 Feb 2025 | 9:32 AM IST

Gold at $2,900: Should you buy or sell Muthoot, Manappuram Finance shares?

Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.

Gold at $2,900: Should you buy or sell Muthoot, Manappuram Finance shares?
Updated On : 11 Feb 2025 | 10:59 AM IST

FIIs up short bets in Nifty futures; analysts expect support at this level

Foreign institutional investors open interest in Nifty futures has increased by 4.8% since the start of February series, while the total OI in Nifty Feb futures dipped by 1.1%; shows NSE F&O data.

FIIs up short bets in Nifty futures; analysts expect support at this level
Updated On : 11 Feb 2025 | 9:08 AM IST

Breakout stock: Telecom major MTNL can gain 86% to Rs 100; check levels

Technical chart shows key resistance for the stock at Rs 61.70; break and sustained trade above the same can trigger a sharp rally at the MTNL counter.

Breakout stock: Telecom major MTNL can gain 86% to Rs 100; check levels
Updated On : 10 Feb 2025 | 1:44 PM IST

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes
Updated On : 10 Feb 2025 | 11:54 AM IST

Nifty, Bank Nifty may see limited downside, believe analysts; here's why

Solar Industries, NCC, Phoenix Mills, Page Industries and Trent stock futures witnessed short build-up in recent days, shows NSE derivative data. Manappuram Finance in F&O ban on Monday.

Nifty, Bank Nifty may see limited downside, believe analysts; here's why
Updated On : 10 Feb 2025 | 9:33 AM IST

Sensex, Nifty may consolidate as recovery pauses; key levels this week

The key support for the BSE Sensex stands at 76,300; whereas, the NSE Nifty 50 index could test 23,300 or dip to 23,150 levels; suggests technical chart.

Sensex, Nifty may consolidate as recovery pauses; key levels this week
Updated On : 10 Feb 2025 | 9:15 AM IST

Breakdown stock: SBI can tank 16% if this level is broken. Details here

SBI is testing the weekly super trend line support after 81 weeks and the 20-month moving average support after 4 years. Chart suggests that the overall bias is likely to remain tepid below Rs 800.

Breakdown stock: SBI can tank 16% if this level is broken. Details here
Updated On : 07 Feb 2025 | 2:30 PM IST

Buzzing Stocks: Trading strategies for Bharti Airtel, NCC, Sonata Software

Technical chart shows that NCC and Sonata Software shares were seen testing multi-year supports; break of the same can trigger a deeper fall at these counters. Check key levels for these 5 stocks here

Buzzing Stocks: Trading strategies for Bharti Airtel, NCC, Sonata Software
Updated On : 07 Feb 2025 | 1:37 PM IST

Can RBI Policy trigger a breakout? Near support for Bank Nifty at 50,000

The Bank Nifty is expected to consolidate in the 50,000-50,600 range; a breakout in either direction will further set the next move for the index, says Hrishikesh Yedve of Asit C. Mehta.

Can RBI Policy trigger a breakout? Near support for Bank Nifty at 50,000
Updated On : 07 Feb 2025 | 9:08 AM IST

How to trade Bank Nifty, Fin Nifty ahead of RBI Policy? Key levels to track

On Thursday thus far, Nifty Bank, Nifty PSU Bank and Nifty Financial Services quoted with losses up to 0.8% in a slippery market; technical charts hint up to 8% potential upside on these indices.

How to trade Bank Nifty, Fin Nifty ahead of RBI Policy? Key levels to track
Updated On : 06 Feb 2025 | 1:30 PM IST

Thermax, Timken crack 44% from high; trade at multi-yr supports; what next?

Thermax was seen testing the super trend line support on the monthly scale for the first time since January 2021, while Timken India after September 2019; for trading guide check key levels here.

Thermax, Timken crack 44% from high; trade at multi-yr supports; what next?
Updated On : 06 Feb 2025 | 12:11 PM IST

Infosys, ICICI Bank: 5 largecap stock ideas to trade amid market pullback

Technical charts show that shares of Infosys, ICICI Bank, Dr. Reddy's, Eicher Motors and Shriram Finance can potentially rally up to 15% from here on as Nifty attempts a pullback towards its 100-DMA.

Infosys, ICICI Bank: 5 largecap stock ideas to trade amid market pullback
Updated On : 06 Feb 2025 | 10:42 AM IST

Bajaj Finance, UPL, IndusInd among overbought stocks as Nifty bounces back

Technically, a RSI reading above 70 is considered overbought for the stock, which could mean the stock may consolidate or correct in the near-term; but not necessarily fall.

Bajaj Finance, UPL, IndusInd among overbought stocks as Nifty bounces back
Updated On : 05 Feb 2025 | 12:47 PM IST

Jubilant Food, Devyani: Will Budget-led consumption boost pop their stocks?

Shares of Restaurant Brands Asia, Westlife Foodworld, Sapphire Foods India, Jubilant Foodworks and Devyani International can rally up to 15% from present levels, suggest technical charts.

Jubilant Food, Devyani: Will Budget-led consumption boost pop their stocks?
Updated On : 05 Feb 2025 | 11:36 AM IST

FIIs cut short bets in Nifty futures to 5:1; net buy Rs 5,353 cr in F&O

DIIs, retail and proprietary traders continue to hold bullish bets in index futures, shows NSE derivative data. Technically, Nifty near support rises to 23,630.

FIIs cut short bets in Nifty futures to 5:1; net buy Rs 5,353 cr in F&O
Updated On : 05 Feb 2025 | 9:14 AM IST

Nifty seen clearing first roadblock; next stop at 23,800? Key levels here

The NSE Nifty is on the verge of a positive breakout after a gap of nearly 1.5 month; technical chart suggests the index could rally all the way to 24,250 levels.

Nifty seen clearing first roadblock; next stop at 23,800? Key levels here
Updated On : 04 Feb 2025 | 1:49 PM IST

Chennai Petro, HEG, Nuvama among top MF buys in Dec quarter; tech view here

Technical charts suggest that HEG stock is likely to witness another 25 per cent fall from present levels; while Nuvama Wealth could witness a relief rally towards Rs 6,125.

Chennai Petro, HEG, Nuvama among top MF buys in Dec quarter; tech view here
Updated On : 04 Feb 2025 | 12:34 PM IST

DLF, Lodha: 5 real-estate shares that can gain upto 16% ahead of RBI Policy

The Nifty Realty index has surged 14% in the last 7 trading days, with select stocks rising up to 27% in anticipation of a rate cut in the upcoming RBI Policy. Here's technical view on realty stocks.

DLF, Lodha: 5 real-estate shares that can gain upto 16% ahead of RBI Policy
Updated On : 04 Feb 2025 | 11:30 AM IST

F&O trends: Buying seen in ITC, UBL; Shorts added in L&T, HUDCO, 8 others

The NSE derivatives data show that FIIs continue to hold a bearish bias, with 8.5 short positions in index futures for every long bet.

F&O trends: Buying seen in ITC, UBL; Shorts added in L&T, HUDCO, 8 others
Updated On : 04 Feb 2025 | 9:13 AM IST