Page 72 - Trading Strategies
NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
 "NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them")
Nandish Shah recommends Bear Spread on Dabur for the March expiry
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.
 "Nandish Shah recommends Bear Spread on Dabur for the March expiry")
Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
 "Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise")
Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?
Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.
 "Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?")
Is it time to move away from equities and focus on debt? What analysts say
US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated
 "Is it time to move away from equities and focus on debt? What analysts say")
MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224
The anticipated trading band for the MCX Crude Oil futures has got narrower to Rs 6,180 - Rs 6,660. Broader trend for Natural Gas remains weak as the commodity trades below 200-WMA.
 "MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224")
Market rebound: Short-covering, or is the worst behind us now?
The weekly F&O data also highlights significant build-up in open interest at the 17,700 Put, suggesting likely support at this level.
MCX Gold, Silver futures likely to exhibit range-bound trade
The MCX Gold futures may test near term-resistance around Rs 56,170 - Rs 56,250; whereas, Silver futures may test Rs 64,930 - Rs 65,300.
 "MCX Gold, Silver futures likely to exhibit range-bound trade")
Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?
if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,
 "Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?")
Nifty IT, Realty indices look bullish on chart: Ravi Nathani
The technical analyst also expects a pullback in the Nifty Pharma index.
 "Nifty IT, Realty indices look bullish on chart: Ravi Nathani")
MCX Crude Oil range narrows; Natural Gas up 39% from lows; what next?
The Bollinger Bands suggest a likely trading range of Rs 6,070 - Rs 6,650 for the MCX Crude Oil futures; whereas, Natural Gas futures need to sustain above Rs 231 for the pullback to continue.
DLF, Hindustan Aeronautics can bounce back, says Mehul Kothari; check why
According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.
 "DLF, Hindustan Aeronautics can bounce back, says Mehul Kothari; check why")
Retail investors are nervous; expect time-wise correction: Prakarsh Gagdani
Commenting on the extended trade timing for interest rate PRAKARSH GAGDANI, chief executive officer of 5paisa says that the fatigue of longer trading hours for regular traders will soon weigh in.
 "Retail investors are nervous; expect time-wise correction: Prakarsh Gagdani")
MCX Gold likely to test Rs 54,000-level; Silver can dip to Rs 61,200
In case of a pullback, the immediate resistances for Gold and Silver futures are placed at Rs 56,050 and Rs 64,580, respectively.
 "MCX Gold likely to test Rs 54,000-level; Silver can dip to Rs 61,200")
Nandish Shah recommends a Bull Spread on Glenmark Pharma for March expiry
The derivative analyst from HDFC Securities recommends to Buy Glenmark 460 Call and simultaneously Sell 480 Call of the March series.
Trading strategies for Bata India and Alembic Pharma by Mehul Kothari
BATA INDIA has been correcting from 1,950 without any meaningful bounce
 "Trading strategies for Bata India and Alembic Pharma by Mehul Kothari")
Nifty can tumble over 15% from here on if it breaks 17,300, charts suggest
In the interim, the 200-WMA at 16,975 could be another key level to watch out for, as the Nifty had bounced back from there during the correction in the first half of 2022.
 "Nifty can tumble over 15% from here on if it breaks 17,300, charts suggest")
Ravi Nathani recommends to focus on realty, pharma shares on dips
The technical analyst also advices to avoid media stocks for now, as the Nifty Media index could side to 1,631 level.
MCX Crude Oil remains range-bound; bias can turn positive above Rs 6,465
On the flip side, in case, Crude Oil futures break the support at the lower-end the commodity could dip below the Rs 6,000 mark.
Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400
The weekly chart suggests, sustained break and trade below Rs 55,900, can trigger a fall in Gold futures towards the Rs 54,000 level.
 "Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400")