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ETMarkets Evening Podcast: Market flat; should you sell now?

ETMarkets.com|
Jan 24, 2018, 06.37 PM IST
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Dear Readers! You are here with ETMarkets Evening Podcast .

This is Swati Verma and I will get you today's market wrap with all the cues and tips from the top guns for future trading sessions.

The long rally stalled today. It's time to catch breath for the stock benchmarks. The indices settled steady, but hit a fresh record on the eve of the futures and options (F&O) derivatives contract expiry for January.

Both 36,162 and 11,086 came up as new closing peaks for the Sensex and the Nifty, respectively.

SBI maintained its lead in the Sensex lot, but Bharti Airtel lost the plot with a loss of more than 6 per cent.

On the Nifty chart, 28 scrips rose and 22 fell.

HCL Tech, Bharat Forge, ABB India, Adani Enterprises and Biocon are among a few stocks that climbed their fresh 52-week highs on the NSE.

Here's G Chokkalingam of Equinomics Research and Advisor who speaks on fundamentals in this exclusive chat with ETMarkets.com

Byte 1: G Chokkalingam

Shares of Mahindra & Mahindra Financial Services witnessed the highest spike in open interest contracts at 44.72 per cent. OFSS (24.31 per cent) and Hexaware (20.38 per cent) came in next.

We have with us Vijay Singhania of Trade Smart Online giving insights on futures and options.

Byte 2: Vijay Singhania

The Nifty went up for the sixth consecutive session and formed a small bullish candle on the daily chart. The 11,100-11125 range on the index coincides with the 161 per cent price extension of the rally seen during 2008-10 and requires attention, analysts said.

Vaishali Parekh of Prabhudas Lilladher has more on the technical side.

Byte 3: Vaishali Parekh

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