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F&O Radar | Deploy Debit Spread in Ipca Labs to play potential upward rally
Ipca Laboratories' stock price traded within a range around the Rs 1,360 level during April and May. However, it subsequently trended downward on the daily chart, forming lower highs and lower lows. The stock found support at Rs 1,075 and rebounded. A double bottom-like formation on the daily chart suggests a possible trend reversal.
Nifty Bank hits record highs but pares gains to close flat above 53,000
The bank index saw a modest gain of 14 points, closing at 53,103, after hitting an intraday record high of 53,357. The Nifty50 also rose by 16 points, closing at 24,302. There was notable buying interest in Bank of Baroda, Kotak Bank, AU Small Finance Bank, and ICICI Bank. Conversely, selling pressure was observed in SBI, IndusInd Bank, Bandhan Bank, and HDFC Bank.
F&O stocks to buy today: Dixon, BEL among top 10 trading ideas for 4 July 2024
Exciting market movements anticipated as Nifty future and India VIX show positive trends. Options data indicating a wide trading range. Nifty forms a bullish candle, supported by Chandan Taparia's analysis. Expert insights from Technical & Derivative Research suggest positive market sentiment. Focus on F&O basket with recommendations from Kunal Bothra and Nooresh Merani. Diverse stock picks offer trading opportunities. Insights on cash market from Axis Securities complemented by analysis from ETNow. Expert opinions provide valuable guidance for traders. Daily frame analysis by Rajesh Palviya and Market Expert recommendations offer strategic trading insights for investors.
Nifty Bank hits fresh record high, climbs above Mt 53K; use dips to buy: Experts
HDFC Bank, Kotak Bank, Federal Bank and Bandhan Bank saw heavy buying while AU Small Finance Bank saw selling pressure. The bank index breached its crucial resistance level of 53,000, triggering a short covering move in the index. Traders are advised to use dip to go long in the index.
F&O stocks to buy today: L&T, IGL among top 9 trading ideas for July 3, 2024
The Indian market is expected to open higher on Wednesday, following positive global cues. On Tuesday, the Nifty futures closed marginally higher, gaining 0.02% to reach 24,210 levels. The India VIX decreased by 1.14% from 13.83 to 13.67 levels.
F&O Radar: Deploy Bull Call Spread in Nifty to play potential up-move
The Nifty50 formed higher lows for six sessions, pausing after a 900-point surge. It hit a new high of 24,236 but showed a small bearish candle on the daily chart. On the options front, the maximum Call Open Interest (OI) is at the 24,500 and 24,200 strikes, while the maximum Put OI is at the 24,000 and 24,100 strikes.
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F&O Ban List: India Cements and Indus Towers under trade ban on Wednesday
Stocks India Cements and Indus Towers under F&O ban. India Cements OI at 115.7%, down 1.9%, while Indus Towers at 80.2%, down 5.4%. Both trading above SMAs and facing ban reversal if OI drops. Market sees minor decline on Tuesday across sectors like banks and auto.
Nifty Bank sees profit taking at higher levels; support seen around 51,700-52,000: Experts
The index fell over 400 points to close at 52,168. The index continues to linger in a sell-on-rise mode with the next immediate support at the 52,000-51,800 zone. Failing to stay put within this support can increase Nifty Bank’s selling pressure towards the 51,400-51,300 level.
F&O stocks to buy today: RIL, ONGC among top 10 trading ideas for 2 July 2024
Experts provide stock picks like ACC, Deepak Nitrite, HCL Tech, REC, RIL, Bajaj Finance, ONGC, Quess Corp, Usha Martin with targets and stop losses. Market poised for higher open, Nifty bullish trend observed with broader trading range.
F&O radar | Deploy Bull Call Spread in Tata Motors to benefit from potential up-move
Tata Motors stock shows strong bullish momentum supported by technical indicators, suggesting potential upside movements with a Bull Call Spread options strategy for traders anticipating a moderate rise in price.
Nifty Bank reclaims 52,500; next resistance is placed at 53,000: Experts
The banking index closed above its crucial resistance level of 52,500, The next big resistance is placed at 53,000, suggested experts. AU Small Finance Bank, ICICI Bank, Bandhan Bank, and HDFC Bank saw buying action, while PNB, SBI, Bank of Baroda and IDFC First Bank saw selling pressure.
F&O stocks to buy today: Apollo Tyre, ONGC among top 9 trading ideas for July 1, 2024
The Nifty future ended positive with gains of 0.15% at 24,131 levels last week. The India VIX was down by 2.47% from 14.15 to 13.80 levels. On the options front, the maximum Call OI is placed at 24,200 and then towards 24,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 23,800 strikes.
F&O Radar| Deploy Short Strangle in Nifty to trade range-bound oscillation
Jain expects Nifty to be ranged between 24,300 and 23,800 and for the coming week expiry with 24,000 being the anchor point.
Retail traders are getting bigger than ever in US stock options
Retail traders were responsible for 18.3% of the total options activity in June, a record, the bank’s strategists led by Bram Kaplan wrote Friday in a note to clients on Friday. More than 60% of their orders were for contracts expiring a week out or less, with technology options being of the highest demand among single-stock trades.
Jio Financial and Zomato could join derivatives segment, Nifty50
"If we assume Jio Financial and Zomato make it to the F&O segment before the third week of August, then there is a very high chance of them making it to the Nifty50 in the September review," Nuvama analysts Abhilash Pagaria and Abhishek Shetye wrote in their latest note.
Nifty Bank sees profit-booking; 52,000 likely to act as support: Experts
Nifty Bank slides to 52,342, experts predict 52,000 support level amid consolidation. PSU banks gain, while private banks face selling pressure. Nifty50 holds 24K mark despite 33 point dip.
