“For buy-call, I have a recommendation on CanFin Homes. The overall structure is looking very positive. A move above Rs 760 can move it towards the level of 785-790 also. Second recommendation would be a sell on JSW Steel. It is a clear case of a failed breakout. One can sell JSW Steel for target price of Rs 705. ”
Stock Market Live Updates: Nifty above 19000, Sensex gains 550 pts, NTPC, Coal India, SBI, HUL in action thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Market-wide futures open interest at the start of November series stands at Rs 2.71 lakh crore as compared to Rs 2.86 lakh crore at the start of October series with rollovers at 92%, higher than the three-month average of 91%.
The double whammy of shorts rollover and FIIs’ falling long positions amidst a slew of key events including the Reserve Bank of India s monetary policy meeting, the MSCI rejig and July-September earnings paints the picture of a volatile October for Nifty.
Stock Market Live Updates: Asian stocks slide on Fed's signal of prolonged higher interest rates thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.