Future Open Interest News Today

The Nifty50 index managed to reclaim 19000 levels on Tuesday amid short covering of existing short positions in the Index futures, suggest experts.

Given the bearish sentiment prevailed in the market, the bears may push the Nifty50 towards 19,220, the low of the August month if it decisively breaks 19,500 on closing basis

One critical factor in this recovery is the reduction in attrition rates reported by IT companies during Q1FY24, signifying improved knowledge retention and cost savings from reduced employee turnover.

Strong put writer additions were observed at 19,500, which is where maximum open interest on the put side is placed. The level of 19,500 will act as a strong support and the option activity at this strike will provide important cues about Niftys intraday direction, Samco Securities said.

As an investor in Indian equity markets, you must not fret over the US downgrade by Fitch and focus on stocks that you own in your portfolio over anything else. Make sure that they are fundamentally sound and hold them with patience.

Success rate refers to the percentage of profitable trades a trader has out of the total number of trades taken over a specific period of time. For instance, in cricket, the batsmans aim is to score runs on each and every ball he faces. If he scores 75 runs in 100 balls, we say he has a strike rate of 75%. Similarly, in the stock market, the traders aim is to make as many profitable trades as possible.

Non-Banking Financial Companies (NBFCs) have seen increased optimism in their stocks due to expectations of interest rate cuts and peaking government bond yields. NBFCs, which rely on bank borrowings and non-convertible debentures (NCDs), benefit from a changing rate environment, especially those with a higher share of floating rates. The recent decline in government bond yields indicates market expectations of a dovish stance by the RBI. Additionally, the competition in the wholesale borrowing ...

The Nifty has reached a fresh lifetime high above the 19,000 level, forming a long bull candle on the daily chart. The positive chart pattern indicates a higher top formation, but the higher top reversal has not been confirmed. The support levels are at 18,888 and 18,777, while resistance levels are at 19,200 and 19,250. Volatility is holding below 11, supporting bullish sentiment. Option data suggests a trading range between 18,600 and 19,300. Traders are advised to stay upbeat and focus on bea...

Market Wrap: Domestic benchmark indices finish higher led by gains in HDFC twins, SBI, and Bharti Airtel. Banking, financial services, real estate, and IT stocks traded higher, while FMCG, auto, and oil & gas stocks traded lower. Asian markets were mixed.