The RSI is a technical indicator widely used by traders and investors to gauge the momentum of a stock. It oscillates between 0 to 100 and measures the speed and change of price movements.

With the revised ESM framework, investors are set to benefit from increased trading opportunities. Previously, stocks under ESM Stage-II were restricted to trading once a week, posing challenges for investors seeking continuous engagement.

Jefferies’ stance triggered strong buying action in the stock with nearly 30 lakh shares changing hands on the NSE at 10:50 am. The traded value of the shares stood at Rs 2,278.18 crore around this time. Today’s rally was the second successive session of gains in the stock.

In this blog, we'll unravel the hidden psychology behind investing, exposing the quirks and biases that can turn even the most logical investors into emotional rollercoasters. So fasten your seatbelts and get ready for a thrilling ride through the world of behavioural biases!

The company also declared an interim dividend of Rs 6 per share (600%) on the fully paid-up equity shares of face value of Re 1 each. The firm has fixed July 27 as the record date for the payment of the interim dividend, which will be paid on or before August 18, 2023.

After witnessing a strong re-rating for 5 years, companies with strong brands in different sectors, still coming under the umbrella of consumer space have witnessed a consolidation. Even in the current bull run they have not performed as well as they used to do in the past as they were leading the bull run. Is the period of consolidation over ?

The stock fell more than 30% from its listing day high. LIC listed on bourses on 17th May 2022 and made a high of Rs 920. The stock closed at Rs 622 on 18th July 2023 which translates into a fall of nearly 33%.

As per the contract, construction of the greenfield EV manufacturing facility will be completed within 12 months from the date of approval of the shareholders (July 19, 2023).

At the end of a special pre-open call auction session on stock exchanges on Thursday, the market price of Jio Financial Services (JFSL) shares came out to be at Rs 261.85 per share on NSE.

"Strong loan growth coming from HDFC merger synergy and new branches set up. We have an ADD rating on the stock with a target price of Rs.2,000. The next phase of growth to drive a rerating of HDFC Bank," Pramod Amthe, Head of Equity Research at InCred Capital, said.

The hair oil market in India is not declining. The brokerage firm expects Bajaj's volumes to recover. The margins should also see a jump given refined mustard oil (RMO) is down sharply. Given the backdrop, it expects the stock to re-rate hereon.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

​​Taking into account the demerger, the share price of Reliance Industries (RIL) fell to Rs 2,580.

Sensex falls 100 points, Nifty above 19,800; Newgen Tech gains 4%, ICICI Pru drops 2%

Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July.

From the Sensex pack, Infosys, HCL Tech, UltraTech Cement, Nestle, TCS, and Tech Mahindra opened with cuts, while Power Grid, IndusInd Bank, ICICI Bank, Sun Pharma and Tata Steel opened with gains.

Despite feeling some heat in the afternoon, Nifty remains on a strong wicket.

Coforge’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 4800 and 5000. Let’s plan a trade around this.

Gains picked up after Asia’s biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today.

In the Nifty500 pack, we have collated a list of eight stocks that witnessed a 5-year swing high at the close on July 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

India VIX was down by 0.94% from 11.71 to 11.60 levels in the previous trading session. Volatility cooled off slightly and gave comfort to the bulls to cheer the indices at lifetime high zones. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19900 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.

Reliance's stock had closed at 2,841.85 rupees on Wednesday.

The Futures Long Position Scan performed on Wednesday revealed Aggressive New Long positions on Nifty 50 largecap counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

In the Nifty500 pack, five stocks crossed above their 200 DMA (Daily Moving Averages) on July 19, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 major mid and small cap stocks that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of the previous trading session i.e. July 19. (Source: StockEdge)

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move up from a downward zone. Here's a list of 4 stocks with m-cap over Rs 10,000 crore that have established a Bullish Harami pattern and hint at bullish reversal in the future. (Source: StockEdge)

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Canara Bank and Union Bank while Nooresh Merani has a buy/sell recommendation on SBI and BHEL for today's trading session. Check out the targets and stoploss.

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 major mid and small cap stocks that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of the previous trading session i.e. July 19. (Source: StockEdge)

The stock witnessed a 10-year breakout at 182 and made a high of 197 in the first week of July 2023. It witnessed a minor decline to retest near the breakout levels which acted as strong support and gained by 3% to close higher in yesterday's trade.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.53% higher, on course to snap its three day losing streak. Japan's Nikkei slid 0.93%.

Nifty futures traded 7 points, or 0.04 per cent, higher at 19,848, signaling that Dalal Street was headed for a muted start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

Goldman Sachs rose 0.97% after reporting a 3-year low in profit but CEO David Solomon made upbeat comments about signs of a recovery in investment banking. That echoed comments from other big banks on Tuesday.

Tata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June. Revenue from operations, however, jumped 11% to Rs 4,771 crore.

The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that easily topped predictions.

"Tata Steel stock has been forming a higher base for the last one year and witnessed a reversal of the trend with a breakout of a declining trend line on the weekly chart. We thus recommend creating fresh longs," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.

ICICI Prudential settled at ₹559 on the NSE on Wednesday, down 2.74% from the previous close. More than 49 lakh ICICI Prudential shares exchanged hands on the BSE and NSE, twice the combined daily average volume for the last one month.

Such closure would be imposed in relation to such securities to which such UPSI relates. Designated persons and their immediate relatives can't trade in securities when the trading window is closed.

US equities are now expected to show an annualized total return of 4% over the next decade, much lower than the 12% seen in the previous 10 years, strategists Sarah McCarthy and Mark Diver wrote in a note.

The market cap of Patanjali Foods stood at ₹48,245 crore. At current valuation, GQG Partners' shareholding in Patanjali Foods is worth nearly ₹2,900 crore.

IndusInd shares settled at ₹1,420.70 on the NSE, up 2.19% from the previous close. Over 95 lakh IndusInd Bank shares exchanged hands on the BSE and NSE, nearly three times the combined daily average volume for the last month.

India’s largest private sector lender HDFC Bank will `nip in the bud' the transgressions of managers and will build an `inclusive' organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The private lender which has faced a lot of flak over alleged misdemeanour by its managers said that they were cognizant that the experience of working with HDFC Bank can be better on several counts.

The Sensex topped 67,171 on Wednesday, surpassing Tuesday's all-time high of 67,007. The index closed at 67,097, up 302.30 points or 0.45% from the previous closing high of 66,795.

The stock had formed a strong base around 100 levels in March from where it started to pick up momentum. Rise in Tata Steel is largely in line with the interest seen in the metal index. The Nifty Metal index rose 4% in a month, compared to the near 2% rise seen in Tata Steel in the same period.

Citizens Financial and M&T Bank beat Wall Street estimates for second-quarter profit, benefiting from the U.S. Federal Reserve's rapid rate hikes

Bhanoo is currently serving as the Additional Zonal Manager of LIC in Bhopal.

Sectorally, buying was seen in utilities, public sector, and telecom stocks on Wednesday

Last week, the Delhi bench of the National Company Law Tribunal had admitted an insolvency petition against the government-owned logistics company by an operational creditor Roadwings International Pvt Ltd

Bulls have tightened their grip on the Indian market as equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets. Buying in index majors Reliance Industries and ITC also helped the markets maintain their winning momentum.Nifty ended at 19,833, up 84 points, while Sensex added 300 odd points and ended above 67,100 levels. Market mood further ahead shall be dictated by the earnings outcome of heavyweight stocks, including the likes of Infosys and RIL.“Domestic market has been hitting record highs daily over the last few sessions driven by sustained foreign inflow, surplus monsoon, and a good start to the earning season. We expect this momentum to continue in the near term, given buoyant domestic cues and receding global concerns. Tomorrow, markets would react to the weekly option expiry and results of index heavyweight Infosys and HUL,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial ServicesHere are the stock recommendations for Thursday:

Companies will lay down a framework for developing a system to restrict the trading by designated persons by freezing the permanent account numbers in the depository system and the stock exchanges. The market regulator will implement this in phases, it said in a circular. This requirement currently applies to companies that are part of the Nifty 50 and Sensex

The International Monetary Fund's annual External Sector Report shows the impact of last year's US dollar rise on emerging markets and smaller advanced economies, revealing emerging markets suffered capital outflows, higher import prices, and tighter financial conditions.