Due to the continued resilience shown by the banking index, the futures open interest has been relatively lower in Bank Nifty, and fresh shorts were not seen during the week. However, stock-specific significant Call writing positions are visible among PSU and private sector heavyweights. Hence, we may see limited upsides in this pack.
Negative Breakout: These 9 stocks cross below their 200 DMAs
In the Nifty500 pack, nine stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 21, according to technical scan data from StockEdge.