Latest Stock Market News

A total of 1,519 shares changed hands on the counter till 11:01AM (IST).

However, two stocks on the technical charts have formed a strong setup giving a good risk-to-reward ratio. These stocks can be considered for swing trading with a view of four to six weeks.

The Australian and kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week.

Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95% on Friday.

Trading is expected to be thin during Asian trading hours due to holidays in China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia.

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A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.