Latest news with #DhupeshDhameja
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Business Standard
5 days ago
- Business
- Business Standard
FIIs increase short bets in Nifty, index futures; should you be worried?
Since the start of the June futures & options (F&O) series, foreign institutional investors (FIIs) have increased short positions in index futures, shows the National Stock Exchange (NSE) F&O data. FIIs open interest in index futures in the last four trading sessions has increased by 21.8 per cent since the start of the June series. Among the key future indices - FIIs bets in Nifty futures rose by 26.2 per cent and in Bank Nifty by 32.5 per cent. The NSE F&O data shows, FIIs net sold 17,589 contracts of Nifty futures during this period, and 1,775 contracts of Bank Nifty futures. Overall, FIIs were net sellers of 24,972 contracts of index futures in the last four trading sessions, starting from May 30, 2025 onwards. In the process, FIIs long-short ratio - number of open positions on the buy-side versus sell-side of trade - has dropped to a two month low at 0.21. This ratio now implies that FIIs hold nearly 5 sell-side open positions in index futures for every single long (buy-side) trade. ALSO READ | Nifty chart shows Golden Cross formation; will its 6-year history hold? Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities in a note highlights that Foreign Portfolio Investors (FPIs) have been consistently increasing short positions in the index futures, with the long-short ratio slipping to its lowest reading in over two months — a sign of growing bearish sentiment. Should you be worried with FIIs short bets? The NSE data shows, that FIIs command a sizeable 25 per cent share of the index futures as of June 04, 2025. In comparison with domestic institutional investors (DIIs) who hold little more than 18 per cent bets - purely as hedge. Whereas, analysts opine that FIIs other than hedge positions, also tend to take a directional call on the market via F&O bets. Among other participants, retail investors command over 48 per cent share and proprietary traders the balance 8 per cent. Hence, FIIs are said to be a relatively significant player in the F&O segment. Where is the Nifty headed? Today will be the first weekly expiry for Nifty futures in the June series. As long as the Nifty sustains above 24,475, there remains scope for minor pullbacks, but a decisive close below this level could open the doors toward 24,300. On the upside, a breakout above 24,850 may trigger short covering and potentially push the Nifty toward the psychological barrier of 25,000, the note from SAMCO Securities read. Options data continues to signal caution. Significant call writing has been observed at near-the-money strikes, while put writers are shifting lower, implying reduced confidence on the bullish side. The 25,000 strike remains the largest open interest on the call side with 1.40 crore contracts, establishing a solid ceiling. On the Put front, the 24,500 level has seen strong additions of 94.34 lakh contracts, reinforcing it as a critical support floor, said Dhupesh Dhameja in the note. Meanwhile, Max Pain is currently positioned at 24,600, suggesting market participants expect expiry to settle around this level, the note stated.
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty held its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance to Nifty 50 index, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, 'We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these five intraday stocks for today under ₹ 100: Belrise Industries, IOB, Shriram Properties, SJVN, and Jain Irrigation Systems. 1] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 2] Belrise Industries: Buy at ₹ 97, Target ₹ 105, Stop Loss ₹ 95. 3] Shriram Properties: Buy at ₹ 93 to ₹ 94.30, Targets ₹ 96, ₹ 98, ₹ 102, ₹ 105, Stop Loss ₹ 90.80. 4] SJVN: Buy at ₹ 98.30, Target ₹ 101.50, Stop Loss ₹ 96.80. 5] Jain Irrigation Systems: Buy at ₹ 61.50, Target ₹ 68, Stop Loss ₹ 58.
Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122.
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty held its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance to Nifty 50 index, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, 'We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these five intraday stocks for today under ₹ 100: Belrise Industries, IOB, Shriram Properties, SJVN, and Jain Irrigation Systems. 1] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 2] Belrise Industries: Buy at ₹ 97, Target ₹ 105, Stop Loss ₹ 95. 3] Shriram Properties: Buy at ₹ 93 to ₹ 94.30, Targets ₹ 96, ₹ 98, ₹ 102, ₹ 105, Stop Loss ₹ 90.80. 4] SJVN: Buy at ₹ 98.30, Target ₹ 101.50, Stop Loss ₹ 96.80. 5] Jain Irrigation Systems: Buy at ₹ 61.50, Target ₹ 68, Stop Loss ₹ 58. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
