Trade Spotlight | What should you do with Finolex Cables, Polycab India, KPIT Technologies on Muhurat Trading?
Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes.
Stock has already broken out and has decent support around 2435-2440 levels, retest of these levels means BO Retest. I don't find anything worrisome for Bulls. Hold!
These 3 stocks can give up to 15% return in short-term
The weekly expiry could keep the markets volatile as we have witnessed steady rise in open interest in 18,000 CE strike in the past few days while on the downside 17,800 PE strike has the highest open interest of more than 2,20,000 contracts which could act as immediate support from current levels.
Top 10 trading ideas by experts for next 3-4 weeks as bulls strengthen hold on Dalal Street
Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.