Markets

ETMarkets Evening Podcast: Will bears take back control now?

Hi There! You are listening to ETMarkets Evening Podcast

This is Abhinav Kaul and I will take you through the motions of today's session on Dalal Street and bring you cues and trading tips from market veterans for the upcoming trading sessions.

It was a lacklustre session for the benchmark indices, where the NSE barometer hardly moved in a 50-point range.

BSE Sensex lost 21 points to settle at 33,756. The Nifty50 closed the session down 14 points at 10,429.

However, it was a day of surge in midcap and smallcap stocks.

Smallcaps such as IVRCL, 3I Infotech, DB Realty, IFCI and Alembic Pharma gained up to 20 per cent. The BSE smallcap index added 206.51 points to 18,881.

On the other hand, the BSE Midcap index added 135 points to 17,554.

Stocks such as Wockhardt, Reliance Infra, GMR Infra, Muthoot Finance, Vakrangee and Reliance Communications rallied up to 12 per cent.

We have with us Omkar Tanksale of GEPL Capital who will sum up the day's market proceeding for you in this exclusive chat with ETMarkets.com.

Byte 1: OMKAR

On the technical front, the Nifty formed a bearish candle forming lower high-low compared to the previous session.

Among F&O cues, maximum Put open interest is at 10,000 strike followed by 10,400 strike, while maximum Call OI is at 10,500 followed by 10,600 strike.

We have with us Sacchitanand Uttekar of Tradebulls Securities to give us some insights on the Nifty50 behavior on the charts

Byte 2: Sacchitanand Uttekar

That's all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast on Friday. Have a great evening ahead.

Original Article

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