Derivatives market update for Sept 18: Foreign investors continue to hold bullish bets in Nifty, Bank Nifty; while retail investors have increased short positions. Here's what experts have to say.
Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.
Technical charts suggest that the bias for Gold is likely to remain positive as long as Rs 73,100 holds; while in case of Silver the bullish pivot stands at Rs 89,000.
The BSE Sensex, NSE Nifty can gain another 2% from present levels; while the Nifty IT index could see a sharp 6% rally; suggests technical charts.
Derivatives market update for Sept 16: Bank Nifty Sept futures traded at a discount to spot for the 2nd straight day on Friday. Among stocks, Muthoot Fin, Can Fin Homes, Bharat Forge saw long buildup.
Derivatives market update for Sept 13: Data shows FIIs added fresh longs in Nifty futures, while covering some shorts in Bank Nifty; Retail, DIIs up short bets. Analysts upbeat on near-term outlook.
Derivatives market update for Sept 12: Among individual stocks, Page Industries saw long buildup, while Aarti Industries and Tata Motors saw positions added on the short side of trade.
Derivatives market update for Sept 11: Bank Nifty weekly options PCR stands at 0.9:1; key trigger point at 51,550. Premium in Bank Nifty futures down to 99 pts from 255 pts in just 3 trading sessions.
The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
August was an action-packed month, initially marked by sharp declines as prices corrected from 25,000 to 24,000 in just three days
The Nifty Midcap Select Index has recently approached its resistance level at 13,200. This level is likely to act as a barrier to further upward movement, causing the index to halt its rally
Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.
Market outlook for the week Aug 26 - 30: The Nifty needs to clear resistance at 24,971, and Sensex at 81,750 for further gains. Here are the key support levels to watch out the NSE, BSE benchmarks.
In such a scenario, traders might look to enter long positions, anticipating further upward momentum as the index pushes through these resistance levels
Vijaya Diagnostic has broken out from symmetrical triangle on the daily chart. Price rise was accompanied by healthy volumes
Both the Nifty Financial Services Index and the Nifty PSU Banks Index exhibit positive trends and are supported by strong technical indicators
The bulls are back, as recent sessions have established a base around the key support of the 50-Day EMA, and last Friday's strong momentum suggests that prices are forming a structural bottom
All you need to know before the market opens on Monday: GIFT Nifty hints at 100 pts gap-up; Experts see Nifty rising to 24,700-25,000 levels. FIIs index long-short ratio at 1:1; 17 stocks in F&O ban.
The Nifty Bank Index is currently exhibiting a bearish trend on the charts. Given this downtrend, the recommended trading strategy for the near term is to sell on any upward movement in the index