“The Put-Call L-L-L-L-L-L-L-Ratio (PCR) rose rapidly from 0.73 to 1.08, showing a significant shift towards a boom,” said Semco Securities’s derivatives research analyst.
India VIX closed at 16.89 on Thursday. In the previous session, the benchmark indicators saw a sharp rally, with the Nifty up 50 600 points, and the BSE Sensex increased by more than 1,900 points – fueling bullish sentiment.
“The Nifty successfully cleared and closed the 25,000/82,500 mark, which is greatly positive. The united candle on the daily chart and an uptrend on the intraday charts move beyond the current levels,” said Kotak Securities’s head – equity research.
“We believe that the market view is positive, but for day traders, shopping on intraday dips and selling on rallies will be the ideal strategy.”
“On loss, 24,900/82,200 and 24,750/81,800 are key support zones, while 25,210–25,300/82,800–83,000 can act as resistance. A reduction below 24,750/81,800,” can warn Chauhan.
We have compiled stock recommendations of various specialists for traders with short -term trading horizons:
Expert: Amol Ethwale, VP – Technical Research, Kotak Securities
Trent Limited: Buy | Target: Rs. 5,750 | Stop loss: Rs. 5,490
TVS Motor Company Limited: Buy | Target: Rs. 2,870 | Stop loss: Rs. 2,740
Bata India Limited: Buy | Target: Rs. 1,270 | Stop loss: 1,215 rupees
Hindalco Limited: Buy | Aim: 680 | Stop loss: 650 rupees
Expert: Karnal Bathra, Market Expert (Now and Now)
ICICI Bank Limited: Buy | Target: Rs. 1,520 | Stop loss: Rs. 1,420
M&M Limited: Buy | Target: Rs. 3,300 | Stop loss: Rs. 3,080
NBCC LTD: Buy | Target: Rs. 113 | Stop loss: 103 rupees
(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent opinions of economic time)
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