A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally
Intra-day traders consider lower averages such as 9-DMA, 13-DMA, 20-DMA as this helps traders with swing trades wherein they want to capture profits on the day-to-day basis while mitigating risk.
Will the markets be able to hold on to higher levels going ahead or will they succumb to profit booking? Here are key levels you need to track
Till Nifty Bank defends the support range of 20,800 to 20,600 level, the rebound may see aggressive buying momentum.
Domestic fund managers seem to have spurred the sharp upmove
Last week, global rating agency Moody's downgraded the long-term local and foreign currency deposit ratings of four public sector banks
A recent gap down below 23,450 has dampened the upside bias in Nifty Bank.
As of now, the downside is limited in mid-cap banks with volumes staying subdued.
August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space
Financial stocks were trading actively on Wednesday ahead of the Reserve Bank of India's monetary policy outcome, due Thursday. RBL Bank, IndusInd Bank, SBI, ICICI Bank & Bandhan Bank gained up to 5%
The Reserve Bank of India (RBI) is set to meet for the three-day monetary policy meeting between August 4 and 6. Analysts expect the MPC to face dilemma of firmed up inflation and flattering growth
Markets started the first trading day of August 2020 lower, with the S&B BSE Sensex slipping over 400 points in intra-day deals
Short term trend has turned negative as Bank Nifty has closed below its 5 and 20-day SMA
UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE
The index has fallen 32% since January, against an 8.2% decline in Nifty50
On Monday, global rating agency Fitch revised the outlook from "stable" to "negative" on the Long-Term Issuer Default Ratings (IDR) of nine Indian banks
Pharma stocks provide a good hedge as the markets slip from recent highs. For the Sensex, 32,400 level remains key
The RBI has extended moratorium period by another three months till August 31, 2020.
Credit to MSMEs, suspension of IBC proceedings weigh on sentiment
Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary