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Granules, GCPL, RECL among 4 F&O stocks with bearish bets; more pain likely

Business Standard LogoBusiness Standard5h ago

Granules, GCPL, RECL among 4 F&O stocks with bearish bets; more pain likely - Business Standard

Quick Summary:

F&O Cues: Granules India has shed 20.8% on the back of 78% increase in OI in the last four days; here's a trading guide for stocks with short buildup in the September series.

On charts, the stock is seen testing support around its 50-DMA at Rs 1,453; with a likelihood of a dip towards the 100-DMA which stands at Rs 1,394.

On the flip side, break and trade below the same can trigger a slide towards Rs 490 levels with interim support seen around its 100-DMA (Daily Moving Average) at Rs 533.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 11:03:36 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 945 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22559457

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 277 posts per day

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News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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