Nifty has been trading sideways between 25,200 and 25,800, closing below 25K on Friday. Shrey Jain of SAS Online highlights downside support at 24,800 and an oversold put-call ratio, suggesting a range-bound movement. He recommends deploying a long calendar put strategy, expecting the Nifty to consolidate within an optimal range of 24,750 to 25,450 during the upcoming expiry.
Posts in category Economic Times
Ashoka Buildcon shares in focus after winning projects worth Rs 2,310 crore (14-10-2024)
Ashoka Buildcon shares are expected to attract attention on Monday following the receipt of Letters of Acceptance for two projects from the Maharashtra State Road Development Corporation. The first project, valued at Rs 310 crore, involves EPC work for a major bridge across Bankot Creek on the Revas Reddi Coastal Highway No. 5 in Ratnagiri District, to be completed within 36 months, including monsoon periods.
Hot Stocks: Brokerage views on Avenue Supermarts, L&T and Just Dial (14-10-2024)
Brokerage firms have varying ratings for DMart, with JPMorgan and Nuvama at Neutral and Hold, respectively, while Citi rates Just Dial as Sell. JPMorgan has initiated coverage on L&T with an Overweight rating. Key factors include LFL moderation for Avenue Supermarts, challenges from online competition, and L&T’s strong positioning in the capex cycle, indicating growth potential.
Is ‘Buy China, Sell India’ trade tactical or long-term? Amar Ambani explains (14-10-2024)
While arguing that the China trade is a tactical one and not a long term one, India with its high growth trajectory has attracted its fair share of global capital, amid China’s buoyancy.
ETMarkets Smart Talk | Defence, telecom, and tier 2 companies: Key investment bets from green portfolio (14-10-2024)
It was about time we witnessed a material correction. The last one we witnessed was when Japan raised interest rates, and the yen carry trade was presumed to be under threat.
How to trade RIL on results day and 3 stock ideas of the week from Rupak De of LKP Securities (14-10-2024)
The craze for Bank Nifty weekly options might be dampened once the NSE discontinues weekly contracts for Bank Nifty, Nifty Midcap, and Nifty Financial Services indices.
HAL shares in focus on receiving ‘Maharatna’ status (14-10-2024)
Hindustan Aeronautics Limited (HAL) has been upgraded to Maharatna status by Finance Minister Nirmala Sitharaman. This designation allows HAL greater operational and financial autonomy, enabling investments of up to 15% of its net worth and Rs 5,000 crore in foreign ventures without government approval, enhancing its strategic capabilities.