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Hot stocks to lookout for today: Infosys, YES Bank, Coal India Market news : Nifty Current: 11,440 (11,461) Target: NA Stop long positions at 11,375. Stop short positions at 11,530. Big moves could go till 11,600, 11,300. A long Oct 3, 11,400p (75), short 11,300p (58) could gain 15-20 If the reaction continues through settlement. Bank Nifty Current: 29,586 (29,616) Target: NA Stop long positions at 29,425. Stop short positions at 29,800. Big moves could go till 30,000, 29,200. Trend may stay negative... read more

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor Market news : Markets ends lower after witnessing major profit booking on weaker global cues: Closes below 11,500 Markets witnessed profit booking on Wednesday after Nifty rallied more than 10 per cent in the last three trading sessions after government’s big relaxation on slashing corporate tax. The index, however, failed to hold the 11,500 level and closed at 11,440.20, shedding 148 points. Apart from IT, all the indices closed in the red. Nifty Bank closed at 29,586.05 i.e., 503.62 points lower from the previous day’s closing. As per option data for the next week, 11,500 level will remain critical as highest put and call OI stands here. Put unwinding is evident on strikes ranging from 11,500 to 11,600 which shows weakening of support at 11,500. Call writing at 11,500 shows Nifty to face stiff resistance. Traders should continue keeping a positive bias for markets as...

Nifty outlook and top trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity) Market news : NIFTY Profit booking and stock rotation within the key sectors ahead of Futures and Optiond (F&O) contract expiry added some pressure to the index as it slipped below its key swing support zone near 11,460. On the daily scale, the index almost filled the gap area which it left on its way up while galloping towards 11,694. The gap area around 11,400-11,380 is expected to act as a support for the coming session. Options data also indicates sizeable PE OI concentrations at 11,500 and 11,400 strikes while on the upside 11,600 built up looks difficult to negotiate which could act as an immediate resistance going forward. The decline from the recent high around 11,694 could be a good opportunity to add quality names as the expectation of the existing trend to continue towards 11,780 in the next few weeks remains valid until the index quotes above 11,200 (200 DEMA). Hence a buy o...

Markets are expected to remain volatile today as investors adjust their positions for the Sept series of Futures and Options contracts, which expire today Market news : Markets are expected to remain volatile today as investors adjust their positions for the Sept series of Futures and Options contracts, which expire today. As per technical evidence, a 'bearish belt hold' pattern was formed on the daily charts yesterday, suggesting indecisive move ahead. Market participants could also react to Sebi's notification easing the process for on-boarding of overseas investors. The notification simplified KYC requirements for FPis and permits them to carry out off-market transfer of securities On the global front, investors could react to US President Donald Trump's statement that a deal with China could happen sooner than... read more

The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased. Market news : The rupee on Thursday opened seven paise higher at 70.97 against the US dollar. The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased. Forex traders said a weak trend in domestic equities, political unrest in the US and unabated foreign fund outflows also weighed on the local unit. “Indian rupee is flat as there are no major triggers in the market. The political unrest in the US, middle-east tensions and no update over US China trade deal has been keeping rupee... read more