GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday's session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of expectations. Last week, the sectors that ended in the green were realty, auto and consumer durables. In contrast, the media and financial services sectors ended the week in the red. In the derivatives market, the highest call open interest in Nifty was seen at strikes 24,000 and 23,900 while notable put open interest was seen at strikes 23,500 and 23,400. For Bank Nifty, the prominent call open interest was seen at the 52,000 and 51,500 strikes, whereas notable put open interest at the 51,000. Implied volatility (IV) on Nifty call options was 14.97% and on put options was 16.09%. India VIX, ...

[hfe_template id='11223'] [ad_1] Indian indices rebounded from the day's lows aided by private banks to end the session in the green as they broke their three-sessions losing streak. The 30-share BSE Sensex rose 218 points, or 0.27%, to settle at 81,224, while the broader Nifty climbed 104 points, or 0.42%, to close at 24,854. Commenting on the day's action, expert Rupak De of LKP Securities said that Nifty moved up sharply after pressing a panic bottom around 24,570 when it slipped below 24,700 level. "On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750," De said. Here are 2 stock recommendations for Monday: Buy Paradeep Phosphates at Rs 95.05 Target Price: Rs 105 Stop Loss...