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ETMarkets Evening Podcast: Stocks back in black; should you stay put?

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Hello! From ETMarkets.com, this is Swati Verma with Your Evening Briefing. As always, it's pleasure to have you with us.

It was a fear that didn't come true. In the end, market overcame its nervousness that stemmed from the no-confidence motion brought by the Opposition against the Modi government.

Though benchmark indices Sensex and Nifty signed off the day with a smile, it turned out to be a loss for the whole week.

BSE Midcap and Smallcap indices went higher too.

Sun Pharma, Infosys and RIL were the Sensex winners. Bajaj Auto, Vedanta and Hero MotoCorp gave a poor account of themselves.

Two-wheeler maker Bajaj Auto tanked 8.73 per cent as its Q1 earnings missed Street estimate.

Rahul Shah of Motilal Oswal will give us the big picture on market fundamentals. Yes, Rahul?

Byte 1: Rahul Shah

There was Call writing at 11,000 followed by 11,300 while Put writing was seen at 10,900 followed by 11,000 levels.

Ruchit Jain of Angel Broking has more on technicals. Let's listen to Ruchit.

Byte 2: Ruchit Jain

The index made a small bullish candle on the daily chart, but a 'Doji' formation on the weekly charts. This suggests indecisiveness among traders.

F&O has a story to tell. Let's bring in Vijay Singhania from Trade Smart Online. Vijay, please go ahead.

Byte 3: Vijay Singhania

Meaningful Put writing was seen at 10,900 followed by 11,000 whereas Call unwinding was seen at all the immediate strike prices.

Ruchit Jain has some market predictions to make. What is your outlook for next week and advice for small traders, Ruchit?

Byte 4: Ruchit Jain

Thats all for now, folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast. Have a wonderful evening.

Original Article

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