Oberoi Realty, Max Finance, Godrej Properties, Alkem labs, and DLF are the top stocks trading at their 52-week high.

NTPC, BPCL, Britannia Industries, Coal India, and Tech Mahindra are the top laggers on NSE Nifty 50.

Adani Enterprises, SBI Life Insurance, Hindalco Industries, JSW Steel, and HDFC Life Insurance are the top gainers on NSE Nifty 50 index.

“Sideways moves persisted yesterday on anticipated lines, with 19740 putting a lid on upswings, and bargain trickling in on all turns lower. The upside bias thus intact, expect a push higher, if able to float above 19707, but expect fluctuations on either sides of 19766 initially. A directional move may take a while to mature,” said Anand James, Chief Market Strategist at Geojit Financial Services.

“Nifty weekly contract has highest open interest at 19800 for Calls and 19000 for Puts while monthly contracts have highest open interest at 20000 for Calls and 19000 for Puts. Highest new OI addition was seen at 19800 for Calls and 19000 for Puts in weekly and at 19700 for Calls and 19700 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 4.69%, decreased future index shorts by 1.38% and in index options by 2.34% in Call longs, 0.95% in Call short, 5.25% increase in Put longs and 5.18% increase in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services

Britannia Industries, BPCL, Apollo Hospital, L&T, and Tata Consumers are the top laggers on the Nifty 50 index.

“Push above 83.3 has set us on a path towards 83.4 initially, and then 83.65. Favoured view expects a dip early today though, but it would require a push below 83.25 vicinity to negate upside bias, and until then, the upside trajectory will be intact. Further supports are seen at 83.19 and 83.02,” said Anand James, Chief Market Strategist at Geojit Financial Services.

Commenting on the Technical outlook of Kunal Shah, Senior Technical & Derivative analyst at LKP Securities, said, “The Nifty index is currently trading within a broad consolidation phase, forming an inside bar candle pattern, with support observed at 19,650 and resistance at 19,800. For a decisive trending move, the index needs to break out of this range with significant volumes on either side. Despite the consolidation, the broader picture remains bullish, with major support identified in the 19,550-19,500 zone. A break above 19,850 is anticipated to open up room for the index to reach all-time high levels”

Adani Enterprises, Hindalco Industries, JSW Steel, Adani Ports and Tata Steel are the top gainers on NSE Nifty 50 index.

Commenting on the Technical outlook of Kunal Shah, Senior Technical & Derivative analyst at LKP Securities, said, “The Nifty index is currently trading within a broad consolidation phase, forming an inside bar candle pattern, with support observed at 19,650 and resistance at 19,800. For a decisive trending move, the index needs to break out of this range with significant volumes on either side. Despite the consolidation, the broader picture remains bullish, with major support identified in the 19,550-19,500 zone. A break above 19,850 is anticipated to open up room for the index to reach all-time high levels”

“The Bank Nifty index has formed a doji candle on the daily chart, suggesting indecisiveness at the current levels. The index encounters formidable resistance at 44,000, where the highest open interest is concentrated on the call side. A breakthrough above this level is anticipated to trigger sharp short-covering moves. Conversely, the lower-end support is positioned at 43,300, and a breach below this level could pave the way for further downside movement towards the 42,800 level. This data highlights a delicate balance in market sentiment, with potential for significant moves based on key resistance and support levels.” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities

The NSE Nifty 50 gains 0.39% to settle at 19,770.90, while the BSE Sensex jumps 0.31% to 65,860.46.

“The GIFT Nifty rose 67 points to 19,809, driven by dovish Federal Reserve expectations. FOMC minutes at 11:30 PM IST are eagerly awaited for signals on the rate hike cycle. Speculation grows about a Fed rate cut in H1 2024. Bulls need Nifty above 19,889 for a victory. Positive Wall Street cues may boost sentiment. Crossing 19,889 signals a festive atmosphere. Corrective declines to Nifty 19,621 may find support. Options suggest a range of 19,100-19,800. Tata Technologies IPO (Nov 22) and IREDA IPO (Nov 21) have ‘Subscribe’ ratings,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

WTI crude prices are trading at $77.77 down 0.08%, while Brent crude prices are trading at $82.03 down 0.35%, on Tuesday morning.

The NSE has added BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX, NMDC, RBL Bank, and ZEEL to its F&O ban list for November 21, 2023.

Foreign institutional investors (FII) sold shares worth net Rs 645.72 crore, while domestic institutional investors (DII) buyed shares worth net Rs 77.77 crore on November 20, 2023, according to the provisional data available on the NSE.

Shares in the Asia-Pacific region are trading in the green on Tuesday morning. The Asia Dow is trading up 0.05%, Japan’s Nikkei 225 is red, down 0.30%, Hong Kong’s Hang Seng index is trading up 1.86% and the benchmark Chinese index Shanghai Composite is up by 0.46%.

The S&P 500 and the Nasdaq managed gains on Monday while the Dow Industrial Average (.DJI) also gained on the following news that Microsoft rises as ousted OpenAI CEO set to join company, reported Reuters. The tech-heavy Nasdaq Composite surged 159 points or 1.13% at 14,284.53. The S&P 500 added 40.14 points or 0.89% at 4,554.16, while the Dow Jones Industrial Average ended up by 203.76 points or 0.58% to 35,151.76.