Page 31 - Technical Analyst News Today

Stock market today: Nifty Call Put option data shows major Call open interest at 22200 and 22300 strikes and major Put open interest at 22000 and 21800 strikes. Bank Nifty Call Put option data indicates significant Call open interest at 47000 and 47500 strikes

The market may go sideways after a sharp rise and that may be considered as healthy from the long run perspective, suggest experts.

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Stocks that were in focus included names like Campus Activewear, which rose 3.24%, Devyani International, which increased 1.24%, and Hindalco, whose shares closed flat on Wednesday.

Stock market today: Nifty bounced back into positive territory and made yet another new high above 22200 zone.

Sensex gained 2,195 points in seven sessions, from 71,072 on February 12 to an intraday high of 73,267 in the current session.

Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

SBI and HDFC Bank shares offer upside potential for investors as per experts. SBIs stable credit costs and balanced loan portfolio, along with HDFC Banks expected margin improvement, make them favorable for long-term portfolio addition

Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months, suggest experts.

Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.