Page 35 - Technical Analyst News Today

Heres what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.

Investors seemed hesitant to make significant decisions ahead of several key events this week including the interim budget and Fed rate decision, say analysts

The Nifty Relative Strength Index (RSI) has cooled from the overbought territory, which may assist the index to minimise its slide

Since it is the beginning of the new series, options data is scattered at various far-strike prices. On the weekly front, the maximum Call OI is placed at 21500 and then towards 22000 strikes.

Last week, the BSE benchmark fell by 982.56 points or 1.37 per cent, and the Nifty declined 269.8 points or 1.24 per cent.

Indian headline indices opened in the green on gains in bank stocks and tracking positive cues from global markets. The top gainers were ONGC, Adani Enterprises, SBI Life, HDFC Bank, and Sun Pharmaceuticals. The top losers were Cipla, Dr Reddys Laboratories, Bajaj Auto, ITC, and Divis Laboratories. HDFC Bank stock rose nearly 2% after the banking regulator allowed LIC to up its ownership. Most major Asian indices were trading positive after the China regulators took new steps to support the mark...

Adani Green Energy, Bajaj Finance will announce quarterly earnings this week

Interim Budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers Index) data for the manufacturing sector is scheduled to be announced on Thursday.

Yes Bank Q3 results 2024: Expectations are high for Yes Banks Q3 results, with analysts projecting a significant increase in net profit and steady growth in core revenue-generating activities

Yes Bank Q3 results 2024: Net profit at ₹231 crore, NII up 2.3%