Derivatives market update Oct 17: FIIs long-short ratio in index futures dropped to 0.5 its lowest point since June 07. Among stocks, ICICI General Insurance and CoForge saw short build-up yesterday.
The PCR (Put Call Ratio) of these 3 stocks is above 1, implying presence of higher open positions in Puts as against Calls, shows the NSE options data.
The Nifty Bank Index is currently trading in a defined range of 51,825 to 50,200. A breakout above or below this range will provide a clear direction for traders
The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.
As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.
These 5 smallcap stocks have given a breakout on the hourly time-frame hence are expected to trade with a positive bias in the near-term, suggests the technical charts.
The Nifty 50 Index is expected to trade within a well-defined range between 25,235 and 24,700
Hero MotoCorp stock so far on 5 occasions has successfully managed to hold the 100-DMA support, since the breakout in May 2023. Will it be sixth-time lucky too? Check upside, downside potential here.
Tech charts show that RVNL, IRCTC, IRFC, RailTel and Texmaco Rail were trading below long-term moving averages on the daily scale; however, select stocks were seen seeking support on the weekly scale.
The Nifty Pharma Index is currently trading within a well-defined range between 23,800 and 22,700. A breakout above or below these levels will likely trigger a directional move
TRF, Automotive Stampings, Orient Hotels and NELCO can surged up to 24% from present levels, suggest technical charts. The trend, however, looks weak for Tejas Networks.
Derivatives market update Oct 10: FIIs open positions in Bank Nifty up over 200% since the start of Oct; overall long-short ratio in index futures now at lowest level since June.
There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.
The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts
Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
The Nifty 50 Index is experiencing a downward trend in the near term. However, the index is approaching a strong support zone at 24,800
Reliance Industries stock traded below the 200-DMA in Navratri 2023, and has now once again slipped below the key long-term moving average after almost a year. Check key support levels for RIL here.
ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.
Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
BDL, Siemens and Colgate Palmolive among 5 stocks that look favourably placed on the technical charts for short-term gains; check key support, resistance levels here.