All you need to know before the Indian stock market opens for trade on Wednesday: Global markets signal positive cues; FIIs turn net sellers in cash and index futures.
All you need to know before the market opens on Thursday, June 27: The Nifty is likely to swing to F&O expiry cues. FIIs net index long-short ratio crosses 2-mark; retail investors up short positions.
Trade set-up for Wednesday, June 26: Analysts believe that trading activity at 23,700 Nifty Strike shall set the market trend; support seen at 23,670 and 23,600. FIIs continue to add long positions
At 02:04 pm; Nifty Private Bank index was up 1.7 per cent, as compared to 0.65 per cent rise in the Nifty 50 and 0.20 per cent gain in Nifty PSU Bank index.
Trade set-up on the Nifty, Bank Nifty for Tuesday, June 25: Experts recommend Nifty likely trade with positive bias as long as support at 23,300 is held; Bank Nifty range-bound between 51,000-52,000
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 7 per cent(Prov) with Nifty rising by 0.75 per cent
All you need to know before the stock market opens on Thursday June 20: FIIs net bought stocks up to Rs 8,000 crore yesterday; and also turned net long in index futures for the first time since May 28
Bank Nifty May F&O expiry strategy: Buy BANK NIFTY (29-May Expiry) 48,900 CALL at Rs 376 & simultaneously sell 49,400 CALL at Rs 174
All you need to know before the market opens on Wednesday, May 15: How to trade Bank Nifty ahead of the weekly expiry today; track these key levels on the Nifty. Bharti Airtel, Cipla will be in focus;
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 47,500 Put at Rs 546 and simultaneously sell 47,000 put at Rs 360 for May 22 Expiry
Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index is expected to face stiff resistance in the 48,500 - 48,900 range.
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 47,000 PUT and simultaneously Sell 46,600 PUT for the April expiry.
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index can slide to 47,000 - 46,200 levels; while the Financial Services Index can dip to 20,800 - 20,600 levels.
The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.
Nifty likely to see a directional move on breakout from the 22,100 - 22,325 trading range, says Ravi Nathani, an independent technical analyst.
Stock market highlights on February 20, 2024: The Nifty50 index hit record high of 22,216 in intraday trade
According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is 'sell on rise'.
Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 45000 PUT and simultaneously sell 44500 PUT of the 14-Feb expiry.