Page 61 - Technical Analyst News Today

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Mondays opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, ...

Based on the OI percentage, a short build-up was seen in 90 stocks including Dr Lal PathLabs, Hindustan Aeronautics, Ramco Cements, MCX India, and Mahanagar Gas.

BSE Large-cap, Mid-cap and Small-cap index lost 1 percent each.

Five stocks, including Punjab National Bank, RBL Bank, L&T Finance Holdings, Bharat Heavy Electricals and Hindustan Copper, will be under F&O trade ban on June 23 except in the cash market. RBL Bank is the latest addition to the ban list. A stock enters the ban period once the open interest on it reaches 95% of the market-wide positions limits and the ban is lifted only after the open interest falls below 80%. The Sensex and Nifty50 indexes ended Thursday higher, with the Nifty Bank down...

The BSE midcap and smallcap indices shed over a percent each.

Six stocks, including Punjab National Bank, Delta Corp, L&T Finance Holdings, Bharat Heavy Electricals, Hindustan Copper and Hindustan Aeronautics Limited, are under the futures and options ban for trading on June 22, 2023. However, the stocks will be available for trading in the cash market. F&O contracts enter the ban period when open interest exceeds 95% of market-wide position limits and are only reversed if open interest falls below 80%. S&P BSE Sensex and Nifty50 ended positive...

Based on the OI percentage, 94 stocks including Oracle Financial, JK Cement, Rain Industries, Exide Industries and Punjab National Bank saw a long unwinding.

Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.

The IT sector is preparing for a next phase of up move and will relatively outperform the broader markets over the coming weeks.

Nifty formed a Doji-type candle on Wednesday, indicating indecisiveness and volatility at highs, according to Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities. A close below the Doji candle low may prompt profit booking while a close above the Doji candle high could lead to new longs. Bank Nifty, meanwhile, has consolidated around the 20-Day Exponential Moving Average for five consecutive days, indicating that a decisive move in either direction could signal future directio...