If the uptrend in the broad market were to resume, private banks stand the most to gain, with the Nifty private bank index having closed above 20-day SMA for the first time since 16th January.
"We believe regulated utilities are in a good position to expand their incremental market shares given benign competition," said Morgan Stanley s analysts Girish Achhipalia, Amit Bhinde and Pranjal Jain in a client note.
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Day trading stocks: Market experts have recommended nine stocks to buy today Axis Bank, IRFC, MRPL, HDFC Life, SJVN, HUDCO, Century Text, Sasken Technologies, and SAIL