Budget 2024: Positive announcements could push Nifty beyond 21,850, and that the index could aim for all-time high levels around 22,100. A break below 21,400 and 21,200 may trigger selloff.
Shares of Polycab India surged nearly 7% intraday on Monday as traders covered short positions taken in the futures and options segment of the cable-maker over the last few sessions, where it crashed by nearly a third amid reports of tax evasion.
More than half of the survey participants of traders surveyed claimed they buy more to average out their losses in trades, said Sharekhan, terming the findings of its ‘Serious About The Markets pan-India study a ‘worrying trend.
F&O traders betting on stocks with earnings visibility in May series
ET takes a look at stocks which are top trading bets in the May series and their near-term outlook.
Synopsis
PSU companies are also on the radar of traders, while some private banks are attracting bearish bets on account of lower than-expected earnings.
Traders are betting on stocks with high earnings visibility in the May F&O series. This is particularly evident in metal stocks as they are attracting a lot of interest amid rising global steel prices. PSU companies are also on the radar of traders, while some private banks are attracting bearish bets on account of lower than-expected earnings. ET takes a look at stocks which are top trading bets in the May series and their near-term outlook.