Stocks to buy: Ajit Mishra of Religare Broking recommends buying Bank of Baroda, Coforge, and Sun Pharma; also suggests Nifty trading strategy
Long build up is seen in the Nifty Futures, where Open interest rose by 2 per cent along with price rise of 0.20 per cent
FIIs long to short ratio in the Index Futures stands at an oversold level, suggesting a higher possibility of a short covering, HDFC Securities' Nandish Shah said
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken out from the downward sloping trendline on the weekly charts
Nifty Expiry Day: A breakout above the 25,300 level could result in swift short-covering and potentially drive the Nifty towards the 25,450 - 25,500 zone, said Dhupesh Dhameja of SAMCO Securities.
Long build up was seen in Eicher Motors Futures on Thursday, where the open interest rose by 2 per cent while the share price gained 1.86 per cent
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook
F&O strategy: Short-term trend of the Midcp Nifty turned weak, while it is strong for Biocon
Nifty F&O outlook: Strong market breadth continues to support bullish momentum, with the technical setup suggesting potential for an extended move
The short term trend of the Bank Nifty is positive as it is placed above its 5,11 and 20 day EMA
Sahaj Agrawal of Kotak Securities recommends a Nifty Bull Call Spread in F&O for the upcoming May 29 expiry.
F&O market cues: FIIs hold nearly 2 short positions in index futures for every long trade; DIIs net sold over 34,000 contracts in the last 2 days, shows NSE data.
The short-term trend of the Bank Nifty index is positive as it is placed above its 5,11, and 20-day EMA
The NSE F&O data shows that domestic institutional investors offloaded over 36,000 contracts of index futures in the last 8 days, while the Nifty 50 index rose nearly 4 per cent.
Data from NSE shows that retail investors have turned net bearish in index futures for the first time in six months; while DIIs remain the most bullish among market participants.
NSE derivatives data shows that FIIs are least bearish since December 13; DIIs most bullish in more than a year, while retail investors have turned cautious.
As per the data from the NSE F&O segment, foreign institutional investors now hold 3 short positions in index futures for every long trade as against 5 bearish bets held earlier.
Key takeaways from F&O data: FIIs bearish; retail, DIIs hold bullish bets in index futures. Nifty, Bank Nifty options data indicates a bearish stance in the market.
Nifty Today: 22,500 is a critical technical support level for Nifty share price
Stock Market Today: Chambal Fertilisers share price has broken out on the daily and weekly chart to close at an all-time high level