Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.

The stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum.

Kotak Mahindra Bank, India's fourth-largest bank in terms of market capitalisation, could be the biggest beneficiary of the FTSE change. The stock is expected to see an inflow of $61 million from foreign portfolio investors (FPIs), according to data compiled by IIFL Alternative Research.

Talking about overall mood in market, Vidnyan Sawant of GEPL Capital said the current trend in Nifty is rangebound between 15,930 and 15,367 but is negative-biased

Shares of IIFL Wealth Management and Advani Hotels & Resorts will go ex-dividend today. While IIFL Wealth had announced an interim dividend of Rs 20 per share, Advani Hotels had announced an interim dividend of Rs 1.4 per share.

Prime Minister Narendra Modi on Friday held a detailed dialogue with British PM Boris Johnson in New Delhi. During the talks, Modi invited the UK to join India's National Hydrogen Mission, reported ANI.

With Friday's high, Polyplex Corporation has registered an all-time high which signals bullish sentiments. The major trend remains very strong across all timeframes as the stock continues to form higher tops and bottoms.

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Moloy Banerjee, head of Linde South Asia, said that while the government is targeting 15,000 tonnes of medical oxygen per day, Linde and other manufacturers were hoping to hit production of at least 13,500 tonnes per day ahead of the third wave.

While the surge in shares of oxygen suppliers like Refex Industries and Linde India may not indicate that a third wave is coming soon, the move is related to the preparation towards that eventuality.