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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] Brokerage firms have shared their insights and recommendations on three prominent companies, highlighting potential investment opportunities for the next year. Nirmal Bang remains optimistic about Data Patterns, citing strong leadership and robust R&D capabilities, with an 18% upside potential. Jefferies has expressed confidence in PI Industries, despite a target price revision, emphasizing growth prospects driven by new product launches and stable margins, with a 21% upside. Additionally, Jefferies sees significant growth potential in Max Financial Services, supported by rebranding efforts and attractive valuations, projecting a substantial 48% upside. Below is a list of recommendations from top brokerage firms, sourced from ETNow and other platforms: Nirmal Bang on Data Patterns: Maintain Buy, Target Price at Rs 2,997 | LTP Rs 2,541 | Upside 18% Nirmal Bang has maintained a "Buy" rating on Data Patterns, setting a target p...

[hfe_template id='11223'] [ad_1] The Indian market is expected to consolidate on Monday, influenced by mixed global cues. The Nifty futures closed positively with a gain of 0.53%, ending at 25,398 levels on Friday. India VIX decreased by 2.86%, falling from 13.79 to 13.39 levels. On the options front, the maximum Call open interest (OI) is positioned at the 26,000 and 26,500 strikes, while the maximum Put OI is at the 25,000 and 24,000 strikes. Call writing is observed at the 25,800 and 25,500 strikes, whereas Put writing is seen at the 25,200 strike. “Options data suggests a broader trading range in between 24,800 to 25,700 zones, while an immediate range between 25,000 to 25,600 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty has given a decisive breakout on a weekly basis with a strong Bullish candle and closed near its higher band with higher highs - higher lows sequence from the last three weeks,” he said.“Now, ...