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[hfe_template id='11223'] [ad_1] Indian markets are likely to open higher on Tuesday, tracking positive global cues. The Nifty futures closed with strong gains of 2.08% at 22,948 on Friday. Meanwhile, India VIX declined over 6% to end at 20.11 in the previous session, indicating easing volatility. On the options front, maximum Call open interest (OI) is seen at the 24,500 and 24,000 strike prices, while maximum Put OI is placed at 22,500 and 22,000 strikes. Call writing was observed at the 22,800 and 23,500 strikes, while Put writing was seen at 22,800 and 22,700 strikes.“Options data suggests a broader trading range between 22,200 and 23,300, with an immediate range between 22,500 and 23,100,” said Chandan Taparia, Analyst - Derivatives at Motilal Oswal Financial Services. Live Events “On the technical front, the Nifty gave a breakout from an inside bar pattern on the daily chart and formed a large bullish candle on the weekly chart last week—indicating a shift in momen...

[hfe_template id='11223'] [ad_1] Analysts at top brokerage firms have shared optimistic outlooks on key players across diverse sectors, highlighting significant growth opportunities and robust fundamentals for the upcoming year. Bernstein has initiated coverage on Swiggy with an "Outperform" rating, citing its leadership in India's convenience economy and its potential to capitalize on super-fast delivery models. Meanwhile, Jefferies remains bullish on InterGlobe Aviation (IndiGo) and Indian Hotels, emphasizing their strong market positions and promising growth trajectories. IndiGo's dominant share in domestic air travel and cost advantages, alongside Indian Hotels' consistent performance in a cyclical industry and benefits from industry tailwinds, further reinforce their appeal to investors. Here’s a summary of recommendations from top brokerage firms based on ETNow and other sources: Bernstein on Swiggy: Initiate Outperform, Target Price Rs 635 | ...

[hfe_template id='11223'] [ad_1] The Indian market is likely to trade lower on Thursday, tracking weak global cues. India VIX, a gauge of market volatility, dipped marginally by 0.78% to 14.37, reflecting growing apprehension among traders. The derivatives market shows a bearish undertone, with aggressive call writing leading the session. The 24,500-strike call accumulated the highest open interest at 1.14 crore contracts, underscoring it as a formidable resistance level. Conversely, the 24,000-strike put holds 85.55 lakh contracts, signifying robust support. “Heavy call writing in the 24,200–24,500 range reinforces strong resistance, while diminishing put positions at lower levels indicate waning bullish sentiment,” said Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities. “The put-call ratio (PCR) declined sharply to 0.37 from 0.48, highlighting a bearish tilt. However, the oversold PCR suggests that a temporary pullback cannot be ruled out. The 'max pain'...

[hfe_template id='11223'] [ad_1] The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The Nifty futures closed lower on Monday, with a loss of 0.45%, ending at 24,720 levels. On the options front, the maximum Call OI is placed at the 26,000 strike, followed by the 25,000 strike, while the maximum Put OI is placed at the 24,000 strike, followed by the 24,500 strike. Call writing is observed at the 24,700 and 25,000 strikes, while Put writing is observed at the 24,000 and 24,200 strikes. “Options data suggests a broader trading range between 24,200 and 25,200 zones, with an immediate range between 24,400 and 25,000 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed an inside bar on the daily chart on Monday, as it remained within the range of the previous session,” he added.“Now, the index needs to hold the 24,600 zone for the next upward move towards 24,800, then 25,000 zones. S...

[hfe_template id='11223'] [ad_1] When the Sensex fell over 1,200 points and Nifty cracked below the 24,200 level in the first half of the day before recovering all the losses later on, investors couldn't help but draw parallels with how today's dateline of Friday the 13th could have proved to be spooky for the stock market. While it's tough to find rationale in the sudden U-turn in the movement of headline indices intra-day as share prices are known to be unpredictable and non-linear just like the footsteps of a drunk man, let's look at how Friday the 13th, considered an unlucky day in Western culture, looks like on Dalal Street. Market data shows that the superstition doesn't hold true in the Indian stock market, as Dalal Street witnessed 41 trading sessions on Friday the 13th. However, Nifty ended in the negative in only 46% (19) of these sessions, according to an analysis by Samco Securities. The average gain across these 41 sessions is 0.35%, sugg...

[hfe_template id='11223'] [ad_1] A blistering rally in mid-cap stocks is on course to enter correction territory, as investors become increasingly concerned over slowing earnings growth and elevated valuations. The Nifty Midcap 100 tumbled as much as 2.9% Friday, extending its drop from recent high to more than 10% — the parameter for a so-called technical correction. Heavy selling by foreign portfolio managers this month fueled the downturn in the index, which had rallied about 30% through September 23. The rapid change in fortunes for Indian stocks came as a rally in Chinese shares gathered steam, following a central bank stimulus blitz in late September that sparked a frenzy of buying. Slowing earnings growth in India also weighed on sentiment. Bloomberg While foreign investors have soured on local shares, domestic institutions have poured in billions to absorb their selling. Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By...

[hfe_template id='11223'] [ad_1] Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%, to reach 25,107.65 around 9:48 a.m. From the Sensex stocks, JSW Steel, L&T, Tech Mahindra, HDFC Bank, Tech Mahindra, and Infosys opened with gains, while Axis Bank, Bajaj Finance, UltraTech Cement, Titan, and Bharti Airtel opened with cuts. Wipro shares jumped over 3% at the open after the company announced that its board will consider a bonus share issue in its upcoming meeting on October 17. DMart shares plunged over 9% after the company reported a 5.8% year-on-year (YoY) rise in net profit for the second quarter, falling short of analysts' expectations. On the sectoral front, the Nifty Bank, Auto, F...

[hfe_template id='11223'] [ad_1] On the options front, the maximum Call open interest (OI) is at the 26,000 strike, followed by the 25,400 strike. Meanwhile, the maximum Put OI is at the 25,000 strike, followed by the 25,400 strike. Call writing is observed at the 26,000 and 25,500 strikes, while Put writing is seen at the 25,400 and 25,300 strikes. Here’s a proofread version of your text: The Indian market is likely to edge higher on Wednesday, tracking positive global cues. The Nifty futures closed on a positive note at 25,448 levels on Tuesday. On the options front, the maximum Call open interest (OI) is at the 26,000 strike, followed by the 25,400 strike, while the maximum Put OI is at the 25,000 strike, then the 25,400 strike. Call writing is observed at the 26,000 and 25,500 strikes, while Put writing is seen at the 25,400 and 25,300 strikes.“Options data suggests a broader trading range in between 25,000 to 25,800 zones, while an immediate range between 25,200 to ...