Page 5 - High Wave News Today

The options data suggests support at 21,500-21,600 in the immediate term, while 21,800 is the resistance area

The options data shows in index may face resistance in the 21,500-21,800 range in the coming sessions, with immediate support at 21,400, and then 21,000

A short build-up was seen in 55 stocks including LTIMindtree, HDFC Bank, ICICI Prudential Life Insurance Company, Max Financial Services Company, and IndiaMART InterMESH.

The options data clearly indicated that 21,700 is expected to be an immediate hurdle for the Nifty 50, while immediate support may be at 21,600.

A long build-up was seen in 58 stocks, which included Delta Corp, HDFC Asset Management Company, Gujarat Gas, Torrent Pharmaceuticals, and Mahanagar Gas.

Foreign institutional investors (FIIs) sold shares worth Rs 855.80 crore, while domestic institutional investors (DIIs) purchased Rs 410.46 crore worth of stocks on January 1, provisional data from the NSE showed.

A long build-up was seen in 53 stocks, which included Delta Corp, Balrampur Chini Mills, Gujarat Gas, Zydus Lifesciences and Granules India

Steel Authority of Indias (SAIL) stock has given a horizontal trendline breakout on the daily scale. This breakout was accompanied by robust trading volume, signalling substantial market enthusiasm.

Foreign institutional investors (FIIs) net bought shares worth Rs 3,632.30 crore, while domestic institutional investors (DIIs) sold Rs 434.02 crore worth of stocks on December 8, provisional data from the National Stock Exchange (NSE) showed.

Based on the OI percentage, 75 stocks saw long unwinding, including Balrampur Chini Mills, National Aluminium Company, Delta Corp, SAIL, and Container Corporation of India.