SBI Securities

F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

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F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more

F&O Talk | Bank Nifty may eye 57,000 mark in medium term, overall market view bullish: Sudeep Shah of SBI Securities

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F&O Talk | Bank Nifty may eye 57,000 mark in medium term, overall market view bullish: Sudeep Shah of SBI Securities

On Friday, the domestic equities rallied for the second straight day, driven by positive global cues and a drop in U.S. jobless claims. The Nifty surged 375 points (+1.5%) to hit record highs, with most sectors, except PSU Banks, ending in the green. Realty, metals, FMCG, private banks and financial services led gains. Analysts believe … Read more

Kross IPO subscribed 2.56 times on Day 2. Check GMP, other details

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Kross IPO subscribed 2.56 times on Day 2. Check GMP, other details

The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 2.56 times on Tuesday, the second day of the bidding process. The highest demand was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The … Read more

F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

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F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve’s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more

F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities

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F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities

Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more

nifty bank: F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities

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nifty bank: F&O Talk| Nifty Bank may witness pullback rally if it stays above 50,400: Sudeep Shah of SBI Securities

Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Nifty50 index started on a flattish note this week considering global cues however there was a … Read more

F&O Talk| Nifty charts don’t indicate weakness, prefer Bull Call Spread: Sudeep Shah of SBI Securities

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F&O Talk| Nifty charts don’t indicate weakness, prefer Bull Call Spread: Sudeep Shah of SBI Securities

Bulls are in full control of the market at the current juncture as Nifty ended its sixth consecutive week with gains. However, the week did witness some profit booking for Bank Nifty on the upper levels. The week broadly witnessed a range bound movement for both the indices but the prices are comfortably placed above … Read more

F&O Talk | Deploy bull spread in Nifty as FIIs highly net long: Sudeep Shah of SBI Securities

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F&O Talk | Deploy bull spread in Nifty as FIIs highly net long: Sudeep Shah of SBI Securities

After a streak of 4 green candles on the charts this week, Nifty ended Friday’s session in red at 24,010. Since Tuesday’s session, the prices made new peaks each day, the all-time high of the index currently being 24,174. Nifty is sustaining nearly 300 points above its 10 day exponential moving average while Bank Nifty … Read more

F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities

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F&O Talk| Expect consolidation breakout in Nifty above 23,500, buy on dips: Sudeep Shah of SBI Securities

Nifty ended the week with a closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002. The post-election rally has taken everyone by surprise and both … Read more

stock market news: F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities

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stock market news: F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities

Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4. Nifty50 closed 2.05% or 468.75 points higher on Friday at 23,290 while the 30-component BSE … Read more