“The first buy recommendation is on Metropolis. This stock has provided a breakout from multiples showing resistance. It has formed a good rectangular or a good consolidation base formation at the lower end after falling quite a lot. NMDC is the other candidate which is seeing short covering in this sideways or downtrend market. ”
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier.
The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index.
The first Friday expiry will be on July 14, 2023.
NSE dominates the derivatives segment.
The market analysts, active in the segment, have given the move thumbs up saying that it will increase the trading opportunities and volumes in the index.
For volumes, BSE is engaging with the largest institution and hoping for things to get better. It is also trying to iron out the rough edges to get business from FIIs.