Derivatives market update for Sept 03: The Nifty September futures premium tumbled from Rs 141 on Friday to Rs 61 on Monday. DIIs added fresh longs in Nifty futures, while FIIs sold.
SJVN, NHPC and RailTel Corp can potentially rally up to 14% from present levels, suggests technical charts. Watch out for these key support and resistance levels going ahead.
Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.
Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.
Market outlook for Sept 02 - 07, 2024: The Nifty seems favourably placed on the short-term chart; but formation of 'Hanging Man' pattern on the monthly chart may be a reason to worry going ahead.
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
Here are 5 stock ideas for September 2024 based on the 'Buy' signal on the technical momentum indicator - the MACD (Moving Average Convergence-Divergence).
Technical Outlook: RECL, PFC can potentially rally up to 17 per cent from here on; while Birlasoft and LTIMindtree may witness a sharp fall, suggests technical charts.
Derivative market update for Fri, Aug 30: FIIs long-short ratio in index futures (mainly Nifty) rose to 2.3:1, implying nearly 5 long bets for every 2 shorts. Retail traders hold 3 shorts for 2 longs.
Buy Nifty (September 5 Expiry) 25,200 Call at Rs 140 & simultaneously sell 25,500 Call at Rs 30.
Technical ALERT: A 'Death Cross' pattern is seen on the Ashapura Minechem and DCB Bank charts today, August 29.
Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.
Derivative market update for Thursday, August 29: The 10-day Nifty rally is under threat amid weak global cues; Monthly F&O expiry and RIL AGM may add to the market volatility.
Technical Outlook on RIL ahead of Thursday's AGM: Reliance stock can potentially surge to Rs 3,405 on the upside, suggests chart. Key support for the stock stands at Rs 2,975.
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.
SBI Card stock is seen trading above its 200-DMA after one month. Technical chart shows, the stock can potentially rally up 15% from present level; read details here
Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70
Derivative market update for Tuesday, August 27: The Nifty September futures traded at 150-odd points premium, while Bank Nifty at 330 points. Last 3 days for India Cements in F&O segment.
Penny stocks under Rs 10: Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks, you would have become a millionaire by now