"Both call and put writers played out aggressively at 19,800 strikes, with the bulls leading the battle by a fair margin ahead of the weekly expiry tomorrow (Thursday). The support for Nifty now shifts to 19,700 from 19,600. The max pain, which is the strike with most open option contracts, is placed at 19,800 in Nifty," said Ashwin Ramani of SAMCO Securities.

The difference between today's closing price of RIL and the price derived during the special session will be treated as the "constant price" for JFSL. For example, if RIL shares open at Rs 2,500 tomorrow (at the end of the special session) after ending at Rs 2,840 today, then JFSL's value would be treated at Rs 340.

Wednesday, July 19, witnessed a day of triumph for the S&P BSE 150 Midcap stocks as 11 companies soared to reach their 52-week highs. Out of this remarkable feat, ETMarkets has handpicked five stocks for a closer look, offering potential investors valuable insights to inform their investment decisions

Closing Bell: Sensex rallies 302 pts, ends above 67K for first time; Nifty tops 19,800; Patanjali jumps 5%, Indian Hotels 4%

Investors have poured money into them not just directly but passively through mutual funds. As a matter of fact, these stocks have still not run out of steam and one can invest in them by being selective, observe experts.

From the Sensex pack, NTPC gained the most at nearly 3%, followed by Bajaj Finance and IndusInd Bank, whose shares rose over 2% each.

RSI or Relative Strength Index computes the ratio of the recent upward price movement of the security to the absolute price movement. The metric ranges from 0-100 and the time period considered here by Stockedge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in technical analysis of stocks and helps to determine the overvalued or undervalued state of the security.

Four esteemed stocks reached their 52-week highs at S&P BSE 100 on July 19 including ICICI Lombard General Insurance, IndusInd Bank, Reliance Industries, and Tata Motor DVR. Potential investors can leverage these significant milestones to make informed decisions. Reaching new highs often indicates strong momentum and growth potential

Reliance Industries shareholders have a chance to earn one Jio Financial Services (JFSL) share, for every stock held, subject to a 'buy one, get one' offer, which ends today. The offer follows the decision to demerge RIL's financial services into a separate subsidiary.

StockEdge’s technical scan, based on the previous day’s data, shows 5 largecap stocks whose MACD line has crossed from below to above the signal line. This gives a bullish signal, suggesting the price of the stock can tick higher. Let’s first understand MACD and other metrics of importance here. Note the data is as of July 18. (Source: StockEdge)

Bikaji Foods International acquired a 49% stake in the upcoming firm, Bhujialalj, which deals with ethnic snacks. Bikaji’s shares rose up to 7% intraday while the company traded at Rs. 445, up over 4% from previous closing. Economic growth, changing lifestyle, and growing income have driven significant growth in the Indian snacks industry.

The Golden Crossover is a key technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. The most commonly used moving averages in this context are the 50-day simple moving average (SMA) and the 200-day SMA. When the 50-day SMA crosses above the 200-day SMA, it forms the Golden Crossover. This pattern is considered bullish as it suggests a potential upward trend in the stock's price.

Reliance Industries shareholders have a chance to earn one Jio Financial Services (JFSL) share, for every stock held, subject to a 'buy one, get one' offer, which ends today. The offer follows the decision to demerge RIL's financial services into a separate subsidiary.

StockEdge identified 29 overbought stocks with a bearish RSI trend, out of which 10 were handpicked by ETMarkets. RSI values above 70 are deemed overbought and below 30 oversold. The Relative Strength Indicator assesses momentum and potential overbought or oversold conditions based on the calculation of average gains and losses

European shares saw gains as Kering shares rose on management changes and London stocks increased on faster-than-anticipated British inflation slowdown. French luxury goods firm Kering climbed 5.9% after Jean-Francois Palus was named Gucci's new CEO;a move that caused shares in Europe’s real estate to rise by 3.1%.

Japan's Nikkei share average rose 1.24% to a two-week peak at 32,896.03, supported by solid bank earnings and optimism about the economy, boosted by a rally in the Wall Street. Kawasaki Kisen and Nissan were among the top Nikkei gainers, surging 6.27% and 7.68% respectively.

The RSI is a widely-used technical oscillator that measures the magnitude and velocity of recent price movements in a stock. RSI values range between 0 and 100, with readings above 70 considered overbought and readings below 30 considered oversold. RSI is calculated using the average gains and losses over a specified period, typically 14 days. This calculation provides insights into a stock's potential price strength or weakness.

In Wednesday's analysis of mutual funds, ETMarkets has identified the stocks that saw a significant increase in the number of shares held by mutual funds in June compared to May. Around 22 stocks experienced a notable increase, with a net addition of over 1 crore shares in June. To further narrow down the list, only stocks that achieved a double-digit price return since the start of June were taken into account, resulting in 11 stocks making it to the list. Interestingly, some well-known names such as Zomato, HDFC AMC, Nykaa, M&M Financial Services, and others are included in this refined list. (Data Source: ACE MF | ACE Equity)

Utkarsh Small Finance Bank's share allotment will be finalised today, with investors receiving shares on a lottery basis. They can check their allotment status through the BSE or registrar's website. Shares are expected to list on the exchanges on July 24 at a strong premium of nearly 60%, and the company's

Financial data and analytics provider, StockEdge, reported 15 stocks with trending up Relative Strength Index (RSI) values. ETMarkets handpicked the top 10 from the pack. RSI is a technical oscillator that gauges the magnitude and velocity of recent changes in a stock's price movements.

If one looks at the survivor of the NBFC aftermath of 2018, it is very clear that it was a strong parentage which was the common binding factor in all the NBFC and financial services companies which not only survived but after a point of time also thrived. Now with a strong new player like Jio financial entering this space, what opinion analysts holds for other companies in this space with strong industrial backing.

While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors.

As all existing F&O contracts in RIL expire today, the only strategy possible in RIL is to take long positions in the cash market. Investors can be rewarded with JFSL if one is able to buy today and hold it at least for a day. Stock exchanges NSE and BSE will conduct a special pre-open session for price discovery in RIL shares from 9 am to 10 am following the demerger.

The RSI is a popular momentum oscillator used by traders and investors to measure the speed and change of price movements in a stock. RSI oscillates between 0 and 100 and is considered overbought when it moves above 70 and oversold when it falls below 30. RSI is calculated using the average gain and average loss over a specified period, typically 14 days. The formula is a complex one, but in essence, it quantifies the magnitude of recent price changes, providing insights into a stock's overbought or oversold conditions.

The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said.

The smallcap stock has a market capitalisation of Rs 1,560.37 crore. Around 2 lakh shares of the company were trading on the NSE at 10:50 am with the traded value of shares standing at Rs 6.30 crore.

The list also contains a count of analysts evaluating each banking stock for the next 12 months. For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 29 and upside potential is up to 29%.

As Nifty forms a new high, more small cap stocks join the party. Making to the list is a company from the pharmaceutical space which is making a comeback after a long time. Also is auto ancillary company which has literally monopoly in its segment. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The recent rally pushed the stock to a fresh 52-week high of Rs 445 recorded on 17th July 2023. It has rallied more than 10% in a week, and over 60% in the last 3 months. The stock also gave a breakout from a Flag pattern on the weekly charts which has opened room for the stock to head towards 500 levels, suggest experts.

Should you buy Reliance shares for windfall gains before the record date? To be eligible for the value unlocking by billionaire Mukesh Ambani, you must be a Reliance shareholder before the record date of 20 July, which means that the last day to buy the stock is July 19. Watch the video.

The strong earnings show was led by a phenomenal performance by its OTT platform- JioCinema during IPL cricket league, a PTI report said. The company had posted a net profit of Rs 60.02 crore in the April-June period of the preceding fiscal, TV18 Broadcast said in a regulatory filing.

Momentum indicators RSI and MFI showed that the stock was trading in the mid-range of 50 and 67, respectively. A number above 70 indicates that the stock has entered the overbought zone.

While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.

A dozen years and some 14,800% later, Koney isn’t satisfied. He still sees lots of room for additional gains as the company releases a “tsunami” of new cars in the coming years. At the same time, he expects the auto industry to undergo a massive consolidation as it makes the challenging shift away from combustion engines.

Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard.

The Nifty slipped a little but managed to get its poise back and stay ahead.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Shareholders of RIL will get 1 share of the demerged entity for every 1 share held by them in the conglomerate.

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 Aurobindo Pharma and Bharat Forge while Nooresh Merani has a buy/sell recommendation on Hero Moto and Bosch for today's trading session. Check out the targets and stoploss.

Can Fin Homes’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 750 and 800. Let’s plan a trade around this.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.

Buying was broad-based across market segments and sectors with IT and bank stocks leading the show. Among Nifty stocks, NTPC rallied over 3% after Goldman Sachs initiated coverage on the PSU counter with a buy rating.

The base of the index is shifting higher. It is forming a higher high formation from the last four sessions. “Now, Nifty has to hold above 19,650 zones to extend the move towards 19,850 then 20,000 zones while on the downside support is intact at 19,650 and 19,515 zones,” recommended Taparia.

Fresh highs on D-St! Sensex jumps 250 points, tops 67K; Nifty above 19,800; IndusInd gains 3%, NTPC 2%; Vodafone Idea, IndusInd Bank, Infy are some of the gainers in the morning trade.

IndusInd Bank on Tuesday reported a 32.5% year-on-year (YoY) rise in the net profit for the quarter ended June to Rs 2,124 crore. An ET Now poll estimated the profit at Rs 2,100 crore. Net interest income, the difference between interest earned and interest expended, rose 18% YoY to Rs 4,867 crore. The bank’s operating profit, before provisions and contingencies, grew 13% YoY to Rs 3,830 crore.

"Tesla, Amazon, Apple, Microsoft, Google, Facebook and Nvidia were the top stocks traded on our platform, which saw trading volumes grow by 37% in H1 2023 compared to H2 2022, while buy transactions went up by 41%," said Viram Shah, CEO and cofounder, Vested Finance, an online investment platform that deals with US stocks.

In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on July 18, 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 or longer.

GIFT Nifty on the NSE IX traded 6 points, or 0.03 per cent, lower at 19,797.50, signaling that Dalal Street was headed for muted start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

The survey also found, however, that more investors are expecting a "soft landing" for the economy, with 68% anticipating that scenario while expectations for a "hard landing" faded.

Seven stocks with a market cap of over Rs 1000 crore crossed above their 200 DMA (Daily Moving Averages) on July 18, 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.