Any sustainable move above 15,850 levels may cause momentum towards 15,900-16,000 levels,” said Rajesh Palviya, VP – Technical and Derivative Research at Axis Securities.
“On the downside, any violation of an intraday support zone of 15,750 levels may cause profit booking towards 15,700-15,600 levels.
According to pivot charts, the key support levels for the Nifty are placed at 15,671.2, followed by 15,530.6.
The important pivot level, which will act as crucial support for the index, is placed at 34,551.63, followed by 34,152.66.
An increase in open interest, along with an increase in price, mostly indicates a build-up of long positions.
A decline in open interest, along with a decrease in price, mostly indicates a long unwinding.
An increase in open interest, along with a decrease in price, mostly indicates a build-up of short positions.
Adani Group stocks witnessed short build up on Monday especially after reports of the National Securities Depository Ltd freezing three Foreign Portfolio Investors’ accounts that own shares in four of the listed Adani firms emerged.
A decrease in open interest, along with an increase in price, mostly indicates a short-covering.
Zensar Technologies-Depo: Marina Holdco sold 2,57,50,000 equity shares in the company at Rs 295.16 per share on the NSE.
Five stocks – Canara Bank, Indiabulls Housing Finance, NALCO, Punjab National Bank, and Sun TV Network – are under the F&O ban for June 15.