Stock market highlights on February 15, 2024: Energy and oil & gas sector largecaps NTPC, Power Grid, BPCL and ONGC were among the top frontline gainers, closing 3-5 per cent up
Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, Indicating strength in the stock, as per Nandish Shah
Oscillators like RSI and MFI are in rising mode and placed above 60 on the weekly chart, indicating strength in Lupin's share, said Nandish Shah
Nandish Shah of HDFC Securities recommends to Buy Vedanta 280 CALL and simultaneously sell 290 CALL of the January series.
Long build up was seen in Exide Futures on Thursday where Open Interest rose by 9 per cent (Prov) and the stock gained 3.20 per cent
BSE revised the transaction charges in equity derivatives segment, across slabs, with effect from November 1, 2023.
The exchange had chosen Friday as the expiry day for its relaunched Sensex and Bankex futures and options contracts to differentiate from market leader NSE
Buy ICICI Bank 960 Put option and simultaneously Sell 940 Put of the September series, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Buy Persistent 5100 Call option and simultaneously Sell 5300 Call of the August, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Short-term trend of the Siemens turned weak as the stock price is trading below its 5,11 and 20-day EMA
Short build up seen in Indusind bank Futures on Thursday, with a 2 per cent addition in Open Interest (Prov) and price falling 1.21 per cent: HDFC Securities
Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.
Buy SBI Rs 610 Call option and simultaneously Sell Rs 630 Call of the July series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
Meanwhile, the Bank Nifty is likely to counter resistance around 44,300 in today's trade.
The stock price of Biocon has broken out on the daily chart with higher volumes where it closed at highest level since June 7, 2023
Meanwhile, the Bank Nifty may face resistance around 44,300 - 44,350 zone today.
Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities, recommends to Buy Bank Nifty 43,800 Call option and simultaneously Sell 44,300 Call of the May series.
BSE on Monday relaunched Sensex and Bankex derivative contracts in its bid to boost derivative trading at the country's premier bourse. The relaunch of derivative contracts comes with a reduced lot size of futures and options and a new expiry cycle of Friday from Thursday earlier, BSE said. The relaunch evoked a good response from market participants. Nearly 100 members participated in trading with a total turnover of Rs 53.12 crores with an open interest of 252 lots, the BSE said in a statement. Derivatives are considered to be high-risk-reward financial instruments aimed at hedging risk in the equity market. BSE had launched Sensex-30 derivatives (options and futures) for the first time in 2000. The Sensex-30 derivatives are made up of 30 of the largest and most actively traded companies on BSE. "We are relaunching two contracts Sensex and Bankex. Sensex is a well known benchmark and a barometer of India's economy. It has good performance and a good volatility profile, BSE Manag
The trading volumes in the derivatives section have been declining since Sebi began tightening margin norms for investors
The MCX Gold June futures could dip to Rs 58,300 or lower, in case the support at Rs 59,750 gets violated; Pivot point for Silver is Rs 74,850.