Page 48 - Technical Analyst 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.

Stocks that were in focus included names like ZEE, which rose 0.06%, SBI Card, which declined 5.05%, and IDFC First Bank, whose shares dropped 3.08% on Monday.

Canara Bank share price has been in the green since October 26, up about 34 per cent in the last one year against a 5 per cent gain in Sensex.

Stocks that were in focus included names like Mahindra Logistics, which fell 1.94%, NDTV, which declined 2.38%, and Vodafone Idea, whose shares declined 0.91% on Wednesday.

The Nifty October series rollover currently stands at 62.96% while the open interest-wise put-call ratio (PCR) stands at 0.56 for the October monthly series, which indicates a flat-to-bearish bias for the monthly expiry.

At 1:39 pm on October 26, Hindustan Petroleum was down 2.36 percent to Rs 240.25 while Exide Industries were trading at Rs 245.15, down 2 percent

Stocks that were in focus included names like Kotak Mahindra Bank, which rose 1.85%, Laurus Labs, which gained 9.47%, and Vedanta, whose shares declined 3.37% on Monday.

The NSE-lised stock rose 13.23 per cent to hit high of Rs 1,798. With this, the scrip has rallied 274 per cent in the last six months.

Adani Group stocks trading weak in overall market; Adani Enterprises and Adani Ports top laggards. Adani Enterprises stock consolidating around crucial support; Adani Ports short term momentum weak.

Volatility has been moving in a narrow range around 11 zones and thus not creating any major panic in the market with a capped upside.