Latest news with #OshoKrishan
Time of India
3 days ago
- Business
- Time of India
Stock exchange derivative activity slips by a third since Jane Street trading ban
Trading in India's weekly equity index options has slumped by a third since the country's market regulator banned U.S. high-frequency trading giant Jane Street in the local market earlier this month, exchange data showed on Thursday. National Stock Exchange of India - the world's largest derivatives exchange by number of contracts traded - saw a nearly 36% drop over two weeks in index options premium turnover, a key measure of real capital deployed and risk appetite. Explore courses from Top Institutes in Select a Course Category Data Science Project Management Healthcare Cybersecurity Data Science Finance Management Public Policy Degree Operations Management Product Management Data Analytics Technology Artificial Intelligence CXO Design Thinking others healthcare MCA PGDM MBA Others Digital Marketing Leadership Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details The options premium turnover stood at 396.26 billion rupees ($4.6 billion) on Thursday, which is the day of weekly options expiry on NSE. The Securities and Exchange Board of India barred Jane Street on July 4, saying an investigation found it manipulated stock indexes through positions taken in derivatives. NSE's rival exchange BSE also saw its options premium turnover drop 36.4% below the July 3 levels. BSE index options expire on Tuesdays. Live Events Emails to NSE and BSE were not immediately answered. Out of the 10 sessions since the ban, turnover has declined in six on a week-on-week basis across both the exchanges. "The notable decline in options premium turnover can be attributed to the abrupt withdrawal or reduction of activity by Jane Street, which serves as a primary liquidity provider within the options market," said Osho Krishan, senior analyst of technical and derivatives research at brokerage Angel One. Unless new market-makers step in or volatility rises materially, turnover is unlikely to bounce back soon, Krishan said. Traders also point to a broader lull in volatility dragging volumes. "This isn't just a Jane Street story," said Mayank Bansal, a portfolio manager in India's options market. "It's mostly about volatility - once that comes back, so will the volumes." The Nifty volatility index has fallen in nine of the 13 sessions in July so far, and was hovering near a more than one-year low. ($1 = 86.0410 Indian rupees)
Mint
4 days ago
- Business
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying LIC Housing, Tata Power shares today
Stock market today: Indian stock indices remained largely unchanged at the start of trading on Thursday, reflecting the cautious mood in Asian markets, as ambiguity surrounding the future of Federal Reserve Chair Jerome Powell created unease among investors. Investors maintained their attention on the current first quarter earnings season, which is still the main influence on market sentiment. At 9:15 IST, the Nifty 50 was up 0.07% at 25,230.75 points, while the BSE Sensex rose 0.14% to 82,753.53. Osho Krishan of Angel One, believes Nifty 50 is poised to have a breakthrough above the level of 25,250 (20-DEMA). Krishan recommends two stocks to buy today. Here's what he says about the overall market. Technically, there have been insignificant developments in the benchmark index as it settled on a muted note. The 20 DEMA withholds significant resistance for the consecutive sessions, putting a restriction on the bulls. In order to establish upward momentum in the index, it is crucial to achieve a sustained breakthrough above the level of 25,250 (20-DEMA). Successfully surpassing this threshold is anticipated to create positive momentum, thereby leading the index towards the next significant resistance zone at 25,320-25,350, which corresponds to a Bearish Gap. On the downside, it is projected that the level of 25,100-25,080 will serve as a support mechanism, providing a buffer against any forthcoming declines, followed by the pivotal support level positioned at the 25,000 mark, recognized for its importance in maintaining overall market stability. Looking ahead, with the weekly settlement in mind, some volatility is likely to persist, necessitating the implementation of appropriate risk management strategies. Additionally, reiterating our previous perspective on emphasizing thematic movers remains prudent, given the widespread activity in our markets. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - LIC Housing Finance Ltd, and Tata Power Company Ltd. LIC Housing share price has witnessed a strong consolidation breakout in the last trading session, backed by robust volumes. The recent surge led to key technical developments of multiple positive crossovers among EMAs and 200 DSMA. Furthermore, the momentum indicators show a strong alignment with this upward trend, suggesting that the momentum is likely to persist in the forthcoming period. Hence, we recommend to BUY LIC Housing shares around ₹ 630, keeping a stop loss of ₹ 600 for a potential upside Target of ₹ 678. Tata Power share price has exhibited a pronounced increase in both price and trading volume following a period of robust consolidation near the 20-DEMA and the 200-SMA. This recent upward movement has led to a favorable crossover between the 50-day EMA and the 200-day SMA, which reinforces the overall bullish sentiment. Furthermore, the MACD signal line presents a positive configuration near the zero line, thereby strengthening the bullish outlook. Hence, we recommend to BUY Tata Power shares around ₹ 410, keeping a stop loss of ₹ 395 for a potential upside Target of ₹ 435. 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.
News18
7 days ago
- Business
- News18
PC Jeweller Shares Fall 4%, Mcap Dips Below Rs 11,000 Cr: Should You Hold Or Exit?
In its latest filing, the company confirmed compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. It submitted certificates certified by KFin Technologies Ltd., its Registrar and Transfer Agent, detailing dematerialisation and rematerialisation activities for the quarter ended June 30, 2025. Despite the recent decline, PC Jeweller's stock has rallied nearly 35% over the past month, reflecting renewed investor interest and strong trading sentiment. Analyst opinions remain divided. Ravi Singh, Senior Vice-President, Retail Research at Religare Broking, believes the stock appears technically weak and may fall further towards Rs 15. He identifies immediate resistance at ₹20 and suggests that investors consider exiting at current levels. On the other hand, Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, highlighted the stock's breakout to a 52-week high on strong volumes. He noted that a sustained move above Rs 20 could open the door to further upside. Krishan advises investors to trail profits with a strict stop loss, identifying Rs 17.50–16.50 as near-term support and Rs 14.30 as a stronger base. Technical Analysis: Bullish Signals Persist Despite Short-Term Price Correction On the technical side, PC Jeweller's 14-day Relative Strength Index (RSI) currently stands at 68.7. Typically, an RSI below 30 indicates an oversold condition, while a reading above 70 suggests the stock may be overbought.
Mint
10-07-2025
- Business
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Concor, Waaree Energies shares today
Stock market today: Indian equity indices started on a subdued note on Thursday as declines in IT shares countered broader gains, with investors remaining cautious ahead of a possible trade agreement with the US and the upcoming June-quarter earnings season. Sensex declined 76.99 points to 83,461.90 in early trade; Nifty 50 dipped 23.15 points to 25,452.95. Asian markets edged up at the opening, reflecting the overnight increases on Wall Street following US President Donald Trump's final tariff announcements impacting seven minor trading partners. Earlier this week, the president also suggested that an agreement with India was close. Osho Krishan from Angel One believes that the Nifty 50 is set for a breakout over the important resistance mark at 25,600, which could revitalize bullish momentum and push towards a target level of 26,000. Krishan recommends two stocks to buy on Thursday. Here's what he says about the overall market. On the daily chart, the time-wise correction that began last week has now clearly defined a well-established range between 25,300 and 25,600. A meaningful move is likely to occur only once this range is decisively broken on either side. Given the prevailing upward trend in the market, a decisive breakout above the key resistance level at 25,600 could reenergize bullish momentum and lead to significant advances toward the target level of 26,000. This movement may also set the stage for a potential challenge of the historical peak located near 26,277. On the other hand, if increased market volatility triggers a decline below the lower boundary of the established trading range at 25,300, which notably coincides with the 20-day exponential moving average, it could signal a potential downturn, directing prices toward the support zone between 25,200 and 25,100. The markets currently appear to be in a wait-and-see mode, as participants seek clarity regarding developments related to US trade tariffs and the forthcoming corporate earnings season, particularly from prominent companies. These events are expected to serve as significant directional indicators. In the interim, traders are advised to remain vigilant and closely monitor the established trading range. It is prudent to utilize the aforementioned levels to strategically plan trades with a disciplined approach. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Container Corporation of India Ltd (Concor), and Waaree Energies Ltd. CONCOR share price has demonstrated a notable recovery from the convergence of its EMAs on the daily chart, signaling a positive shift in market sentiment. This upward movement has coincided with a breakout from a period of consolidation, characterized by an increase in trading volumes that adds credibility to the bullish trend. In terms of technical indicators, several key parameters are reinforcing this optimistic outlook. The 14-day RSI has exhibited a positive crossover, suggesting that momentum is building in favor of the buyers. Hence, we recommend to BUY CONCOR share price around ₹ 610-600, keeping a stop loss at ₹ 580 for a potential Target of ₹ 650-660. Waaree Energies share price has been on a positive trend, hovering above all its short term EMAs on the daily time frame chart. The counter is in a cycle of higher highs - higher lows, accompanied by positive technical parameters. Additionally, the risk-reward is quite favorable at the current juncture, making it a lucrative option to accumulate from a short to medium term perspective. Hence, we recommend to BUY Waaree Energies share price around ₹ 3,100, keeping a stop loss at ₹ 2,900 for a potential Target of ₹ 3,360-3,400. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
03-07-2025
- Business
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Latent View, Dhanuka Agritech shares today
Stock market today: The Indian stock markets started with upward momentum on Thursday, but investors remained wary due to concerns over the approaching US tariff deadline. The Nifty 50 index commenced the day at 25,505.10, increasing by 51.70 points or 0.20%. In a similar fashion, the BSE Sensex opened at 83,540.74, reflecting a slight rise of 131.05 points or 0.16%. Market analysts pointed out that although domestic elements are bolstering the market, global fluctuations, particularly uncertainties surrounding the US-India trade agreement, are making traders cautious. On the technical front, Osho Krishan of Angel One believes the 25,300 level is anticipated to provide strong support for the Nifty 50. Krishan recommends two stocks to buy for today. Here's what he says about the overall market. The Indian equity markets started the trading day with decent gains but struggled to sustain the gains and soon after underwent a gradual decline throughout the session. As the day drew to a close, a modest recovery in the benchmark index transpired during the penultimate hour, which mitigated some of the losses incurred earlier. Consequently, the Nifty 50 index concluded the trading day near the 24,450 zone, reflecting a 0.35% decrease. The recent developments in key indices suggest a degree of uncertainty among market bulls, particularly in the wake of the recent breakout. The past few trading sessions have exhibited a notable lack of activity. Nevertheless, from a technical perspective, such occurrences can be regarded as beneficial, as they help to mitigate overheated technical conditions and create opportunities for new market entries. On the levels front, 25,300 is anticipated to act as a strong support, aligning with the 78.60% Fibonacci retracement, followed by the breakout zone of 25,250-25,200 in the coming period. On the flip side, 25,600 appears to act as an intermediate hurdle, followed by the sturdy wall of bearish gap around 25670-25740 in the comparable period. Going forward, an increase in volatility is anticipated due to the weekly expiration of contracts, making robust risk management imperative. Furthermore, sectoral rotation is likely in play, keeping the trader fraternity occupied, and hence, a stock-centric approach is required to upbeat market performance. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Latent View Analytics Ltd, and Dhanuka Agritech Ltd. Latent View Analytics share price has observed a consolidation breakout, underpinned by substantial trading volumes at a critical support level marked by its clustered EMAs on the daily time frame chart. From a technical analysis standpoint, the ADX indicator is demonstrating an increase from the lower range, accompanied by a positive crossover in the 14-day RSI, indicating potential continued momentum. Consequently, from a risk-reward perspective, the stock appears to present a favourable investment opportunity for accumulation at the current levels. Hence, we recommend to BUY Latent View Analytics share price around ₹ 420-415, keeping a stop loss of ₹ 395 for a potential Target of ₹ 460-470. Dhanuka Agritech share price has been consolidating above its 20-day exponential moving average (DEMA) for the past few trading weeks, subsequent to a pronounced rally. Recently, the stock has begun to regain momentum, having surpassed its previous consolidation range, which indicates a fresh influx of buying interest. Moreover, most technical indicators are aligned positively with this trend, suggesting that the momentum is likely to persist in the forthcoming period. Hence, we recommend to BUY Dhanuka Agritech share price around ₹ 1,700, keeping a stop loss of ₹ 1,640 for a potential Target of ₹ 1,800-1,820. 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.
