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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, 71 stocks including Coforge, Birlasoft, L&T Technology Services, Gujarat Gas, and Balrampur Chini Mills were on the list of long build-ups
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.