Trade setup for Friday: 15 things to know before opening bell
A short build-up was seen in 71 stocks, including Astral, Indraprastha Gas, Dr Lal PathLabs, Ipca Laboratories and Oracle Financial
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A short build-up was seen in 71 stocks, including Astral, Indraprastha Gas, Dr Lal PathLabs, Ipca Laboratories and Oracle Financial
Stocks such as Aarti Industries, Atul, Fine Organic Industries, Sumitomo Chemical, and Vinati Organics have fallen 10-20% so far this year compared with a 9.5% gain in the Nifty index.
Jefferies maintained a buy rating on HDFC Bank with a target price of Rs 2030. Higher liquidity buffers drag margins, but it will improve from Q4 onwards.
If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to nearly Rs 6.5 lakh, according to an analysis by ET Markets. In the last five-year period, the shares have jumped nearly 623% and about 374% in the past three years.
The options data suggests that the trading range for today's expiry is between 19,700 and 20,000. Nifty Put options OI concentration is the highest at 19,500 followed by 19,600 and 19,800 which are likely to act as support with the highest writing at 19,800 and 19,700 strikes.