Posts

Showing posts with the label openinterest

Ahead of Market: 10 things that will decide D-Street action on Thursday

Image
[hfe_template id='11223'] [ad_1] Indian benchmark equity indices closed flat in a volatile session on Wednesday as a rise in high-weightage private banks offset a drop in state-owned firms and energy stocks after a recent rally. The NSE Nifty 50 shed 0.18% to 23,516, while the S&P BSE Sensex added 0.05% to 77,337. Both the indexes rose about 0.3% each to hit all-time highs at the open before surrendering gains. Here's how analysts the market pulse: "Nifty remained range-bound, staying broadly within 23,450 and 23,650. Sentiment continues to favour short-term bullish trades as the index sustained above the 55 exponential moving average (EMA) on the hourly chart. The short-term trend remains strong, and any dips towards the 55-hour EMA, which is currently pegged at 23,340, might get bought into. On the higher end, in the short term, the index might move towards 23,800 and beyond," said Rupak De of LKP Securities. Aditya Gaggar, Director of Progressive Sha...

F&O stocks: Shriram Finance, IRCTC among 5 stocks with long buildup

Image
[hfe_template id='11223'] [ad_1] Shriram Finance, REC, IRCTC were among five stocks that witnessed a buildup of fresh long positions on Thursday. The buildup of fresh long positions can be seen when the stock prices move up and open interest on the counter also moves upward. The signal is considered more reliable if the volume on the counter has also seen an increase. Open interest indicates that bulls are likely to dominate the following counters. REC's stock price jumped 7.16%, and open interest saw a rise of 0.38%. Hindustan Aeronautics surged by 6.23%, and open interest saw an increase of 4.24%. IRCTC rose 5.86%, and the open interest saw an increase of 0.25%.PFC stock rose 5.77%, and the open interest saw an increase of 0.58%.Shriram Finance's stock price gained 4.77%, and open interest saw an increase of 3.05%. Also Read: Exide Industries, BHEL among 5 stocks with long buildup Some additional checks would help traders in taking better trading decisions as t...