Ahead of the market: 12 things that determine stock behavior on Monday

Mumbai: Friday’s Nifty50 formed another bearish candle on the daily chart as the benchmark index fell in three consecutive sessions. However, analysts have confirmed support for indexes ranging from 17,400 to 17,300 points.

Here’s how analysts can read market trends:


Sharekhan’s Gaurav Ratnaparkhi said the overall structure shows that the medium-term trend remains positive. However, the index may remain in the short-term integration zone over the next few sessions.

Mazhar Mohammad of Chartviewindia.in said the Nifty 50 seems to have entered a new downturn as the breakdown of the short-term charts is clearly visible. “In a recent revision, Nifty50 found support from a 13-day simple moving average that was decisively decomposed after Friday’s price behavior,” he said.

That said, let’s take a look at some of the key indicators of Monday’s behavior.

U.S. stocks
The US Benchmark Index ended high on Friday and kickstarted in a new quarter as investors showed some willingness to bet on higher risks. The US index closed in September, with rising bond yields and concerns over slowing global growth weighed on losses.

European stocks
The Pan-European Euro STOXX600 index fell 0.4% on Friday. The index has regained most of its losses from the beginning of the session due to the surge in travel and leisure inventories. Mining stocks fell above weak Chinese data.

Tech View: Stay Neutral with Long Bets
The Nifty50 index formed a low high-low on the daily chart for three consecutive sessions, analysts said that traders remained neutral to long positions in the market and short positions when Nifty50 fell below 17,450. I think you can consider taking.

F & O: Nifty50 looks indecisive
The maximum put OI was seen at 17,500 following the 17,000 level, and the maximum call OI was 18,500 following the 18,000 level. Option data suggested a wider trading range between the 17,000 and 18,200 levels, while immediate trading ranges were found between the 17,350 and 17,850 levels.

Stocks showing bullish bias
Momentum Index Moving Average Convergence Divergence (MACD) showed bullish trading settings at counters at CESC, UCO Bank, Trent, Dishman Carbongen, Vinyl Chemical and J & K Bank.

MACD is known for notifying the trend reversal of traded securities or indexes. When the MACD crosses over the signal line, it signals a bullish signal, indicating that the price of the security may rise or vice versa.

Stocks showing weakness in the future
MACD showed signs of bearishness on counters at IDFC First Bank, Dish TV India, IndusInd Bank, Just Dial, Hindustan Oil Exploration, KPIT Tech, Hero MotoCorp, Mahindra Holidays, Tata Communication, Ceat, Ashina Housing and Force Motors. A bearish crossover at MACD on these counters showed that they were just beginning their downward journey.

The most active stock in terms of value
Tata Power (Rs 1454 Chlore), Delta Corp (Rs 1393 Chlore), Tata Steel (Rs 1170 Chlore), Zee Entertainment (Rs 1088 Chlore), RIL (Rs 1042 Chlore), Bharti Airtel (Rs 1010 Chlore), Tata Motors (Rs 1010 Chlore) Rs Rs 990 Chlore), Infosys (Rs 957 Chlore), HDFC Bank (Rs 878 Chlore) and Cummins India (Rs 832 Chlore) were one of the most active strains on Dalal Street in terms of value. Higher activity at the counter in terms of value helps identify the counter with the highest turnover for the day.

The most active stock in terms of volume
Vodafone Idea (traded stock: 37.17 chlore), YES Bank (traded stock: 19.9 chlore), GMR Infra (traded stock: 11.6 chlore), PNB (traded stock: 9.8 chlore), Tata Power ( Traded shares: 9 chlores, IDBI Bank (traded shares: 7.4 chlores), BHEL (traded shares: 7.35 chlores), Trident (traded shares: 5.7 chlores), SAIL (traded shares: 5.7 chlores) 5 Chlore), Delta Corp (traded stocks: 4.97 Chlore) were the most traded. Stocks during the session.

Stocks showing willingness to buy
IDBI Bank, Abbott India, GMR Infrastructure, Delta Corporation and All Cargo Logistics hit a 52-week high and showed bullish sentiment, witnessing strong buying motivation from market participants.

Stocks watching sales pressure
BKM Industries, Opto Circuits and Metallyst Forgings witnessed strong selling pressure, hit a 52-week low and showed bearish sentiment at these counters.

Sentiment meter supports bears
Overall, the breadth of the market remained favorable to bears. 242 stocks in the BSE500 index settled the day in green and 258 stocks settled the day in red.

Podcasts: Will your electricity and energy inventory shine this week?

Benchmark index Sensex When Nifty Disappointed investors last week, electricity and energy stocks got all the love and affection. The BSE Power Index and Nifty Energy Index each increased by about 6%. Stocks like NTPC rose over 12%, Coal India up 14%, Tatapower up 18% and JSW Energy up 10%. Today’s special podcast with independent market expert Rajiv Nagpal seeks to understand why electricity and energy inventories have skyrocketed and whether or not to attend a party.