Page 23 - Trade Setup News Today

Based on the OI percentage, 60 stocks, including Infosys, LTIMindtree, Coforge, Persistent Systems, and Petronet LNG, saw a short buildup.

Infosys is the fourth biggest stock on the Nifty 50 index in terms of weightage, with 6.7 percent. The market will also react to results from HDFC Bank, which commands a 9.3 percent weightage on the index.

Tuesday's gains also took the Nifty 50 index to a one-month high and within touching distance of the March 6 swing high of 17,799.

Based on the OI percentage, 71 stocks were on the short-covering list. These included Kotak Mahindra Bank, DLF, Atul, State Bank of India, and HDFC.

Based on the OI percentage, 67 stocks, including Tata Motors, Godrej Properties, ONGC, City Union Bank, and Chambal Fertilizers, saw long build-ups.

For the Nifty, the near-term trend is positive. The benchmark index can see consolidation before decisively rising to 17,600-17,700. The immediate support is at 17,500, analysts said

Based on the OI percentage, 77 stocks including Balrampur Chini Mills, Bajaj Auto, ONGC, GMR Airports Infrastructure and Maruti Suzuki India saw long build-ups

The RBI holds its first policy review of FY24 during the week, which will be closely tracked by investors who will also be watching global cues for the latest on the banking sector. For the Nifty, key support is at 17,248 and initial resistance at 17,383, say analysts

Based on the OI percentage, 162 stocks were on the short-covering list. These included Deepak Nitrite, Colgate Palmolive, Mphasis, GMR Airports Infrastructure, and IndiaMART InterMESH.

Based on the OI percentage, 98 stocks, including Firstsource Solutions, Max Financial Services, Crompton Greaves Consumer Electricals, Oracle Financial, and Astral, witnessed a long unwinding.