Business Standard

Rex Cano

Rex Cano

Rex Cano

Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.

Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.

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Page 4 - Rex Cano

Analysts expect short-covering in Nifty; FIIs trim Bank Nifty bearish bets

F&O cues for Oct 25: The PCR data suggests 'max pain' for Nifty at 24,450 and for Bank Nifty at 51,700, said Dhupesh Dhameja of SAMCO Securities.

Analysts expect short-covering in Nifty; FIIs trim Bank Nifty bearish bets
Updated On : 25 Oct 2024 | 9:25 AM IST

Market crash? Nifty can fall another 1,000 points from here, charts suggest

If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.

Market crash? Nifty can fall another 1,000 points from here, charts suggest
Updated On : 24 Oct 2024 | 11:16 AM IST

F&O Cues: FIIs continue to hold bearish bets, while retail remain long

F&O cues for Oct 24: The 24,378 level is a crucial short-term support; in case the Nifty holds above this, it might pull back towards the 24,600 - 24,700, said Hrishikesh Yedve in a note.

F&O Cues: FIIs continue to hold bearish bets, while retail remain long
Updated On : 24 Oct 2024 | 11:12 AM IST

ALERT: Here's why 24,400 is an important support for Nifty bulls

A weekly close below 24,400 shall indicate a significant change in the medium-term trend to bearish, with a risk of sustained fall to near about 23,000 levels on the Nifty 50 index; suggest chart.

ALERT: Here's why 24,400 is an important support for Nifty bulls
Updated On : 23 Oct 2024 | 1:10 PM IST

HPCL, Siemens, Petronet among 5 stocks with up to 22% downside risk

Technical chart shows that the key momentum oscillators for these 5 NSE stocks have turned negative; In case of a pullback, here are the key resistance levels for these 5 stocks.

HPCL, Siemens, Petronet among 5 stocks with up to 22% downside risk
Updated On : 23 Oct 2024 | 12:36 PM IST

Nifty futures down 7% thus far in Oct; FIIs remain short, retail bullish

F&O cues for Oct 23: FIIs have been net short in index futures since Oct 10; at present they hold 2 short bets for every long trade; Retail investors' long-short ratio stands at 1.75.

Nifty futures down 7% thus far in Oct; FIIs remain short, retail bullish
Updated On : 23 Oct 2024 | 9:34 AM IST

RIL stock sees 'Death Cross' on charts just days ahead of bonus record date

Reliance could seek support around its 100-WMA in the run-up to the bonus record date; Whereas, PNC Infratech too has witnessed a 'Death Cross' and could slide another 21% from here on.

RIL stock sees 'Death Cross' on charts just days ahead of bonus record date
Updated On : 22 Oct 2024 | 1:40 PM IST

Cement shares in focus as Ambuja to buy Orient; trading strategy here

Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.

Cement shares in focus as Ambuja to buy Orient; trading strategy here
Updated On : 22 Oct 2024 | 11:51 AM IST

Nifty futures premium erodes; options hints at more pain below 24,700

F&O cues for Oct 22: Breakout from 24,700-25,250 range to trigger the next directional move, said Sahaj Agarwal of Kotak Securities. IndiaMart InterMesh and RBL Bank among 16 stocks in F&O ban today.

Nifty futures premium erodes; options hints at more pain below 24,700
Updated On : 22 Oct 2024 | 9:23 AM IST

MicroCap stocks shine amid volatility; 1 in every 10 zoom over 10% this Oct

Stocks like IIFL Securities, IFB Industries and Dhani Services soared over 25% so far this month; Experts attribute the outperformance to stock specific news, rather terming it as broader market trend

MicroCap stocks shine amid volatility; 1 in every 10 zoom over 10% this Oct
Updated On : 21 Oct 2024 | 10:56 PM IST

Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive

F&O cues for Oct 21: Despite Friday's recovery, Nifty options continues to reflect cautious sentiment, with call writing outweighing put writing on Friday, said Dhupesh Dhameja of SAMCO Securities.

Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive
Updated On : 21 Oct 2024 | 9:13 AM IST

Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies

Financials, IT, Energy and Auto sectors account for over 52% weightage on the Nifty 50 index; here's how the Bank Nifty, IT, Energy and Auto indices are placed on the charts, and likely trend ahead.

Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies
Updated On : 18 Oct 2024 | 12:13 PM IST

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data
Updated On : 18 Oct 2024 | 9:28 AM IST

Nifty Auto skids below 100-DMA; Bajaj Auto, Hero Moto can dip another 9%

Two-wheeler stocks bore the brunt of the selling pressure in auto on Thursday, as the Nifty Auto index plunged below its 100-DMA for the first-time in 18 months; Tech charts suggest more pain ahead.

Nifty Auto skids below 100-DMA; Bajaj Auto, Hero Moto can dip another 9%
Updated On : 17 Oct 2024 | 1:21 PM IST

Delta Corp, Nazara: Should you bet on online gaming shares ahead of Diwali?

Amid festivities, family and friends also indulge in games and fun activities. With changing lifestyle, online gaming, too, gained traction. Here's a tech check on online gaming stocks ahead of Diwali

Delta Corp, Nazara: Should you bet on online gaming shares ahead of Diwali?
Updated On : 17 Oct 2024 | 11:28 AM IST

FIIs least bullish since June; OI in Nifty futures down at 3 lakh contracts

Derivatives market update Oct 17: FIIs long-short ratio in index futures dropped to 0.5 its lowest point since June 07. Among stocks, ICICI General Insurance and CoForge saw short build-up yesterday.

FIIs least bullish since June; OI in Nifty futures down at 3 lakh contracts
Updated On : 17 Oct 2024 | 9:25 AM IST

Dixon, MCX, Divis Lab: Trading strategies in F&O stocks with high PCR

The PCR (Put Call Ratio) of these 3 stocks is above 1, implying presence of higher open positions in Puts as against Calls, shows the NSE options data.

Dixon, MCX, Divis Lab: Trading strategies in F&O stocks with high PCR
Updated On : 16 Oct 2024 | 11:44 AM IST

Nifty, Bank Nifty consolidate amid lower volumes; 14 stocks in F&O ban

Derivatives market update Oct 16: Among individual stocks, Deepak Nitrite, PVRInox and HPCL witness fresh long build-up; Cipla and Reliance futures see selling pressure.

Nifty, Bank Nifty consolidate amid lower volumes; 14 stocks in F&O ban
Updated On : 16 Oct 2024 | 9:19 AM IST

Voda Idea, Dabur, YES Bank trade in oversold zone on NSE; key levels here

The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.

Voda Idea, Dabur, YES Bank trade in oversold zone on NSE; key levels here
Updated On : 15 Oct 2024 | 2:06 PM IST

How to trade RIL stock post Q2 results? All eyes on this long-term MA

As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.

How to trade RIL stock post Q2 results? All eyes on this long-term MA
Updated On : 15 Oct 2024 | 11:10 AM IST