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"For India, IT services is a real bread and butter business, which means that it cuts across industries. So it is something which is more like akin to utilities in some way. It is a very critical function but it is nothing related to pure high tech. It is spread across every industry. So they tend to be more generic or slower in terms of growth rates. So perhaps that is not the right way to play even something like an AI."

Positive setup was seen in Oberoi Realty, MFSL, Ashok Leyland, SBI Life, Aurobindo Pharma, Astral, HDFC Life, Alkem, Lupin, JSW Steel, Titan, RIL, Exide Industries, etc. among others.

The Future & Options 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%.

“There is an exponential growth potential in Reliance. While both retail and telecom are well established, green energy is a new business where things are improving and looking up. It deserves a much better valuation. I will definitely go and buy Reliance Industries if I am given a blank cheque.”

“Deploy 60% of your capital in a passive fund. And with the remaining 40%, you can build a portfolio through a couple of mutual funds or you can also take a multi-cap approach in a mutual fund which has a slightly higher tilt towards largecaps. I do not do a largecap per se, per se. I just do a multicap and flexicap in my portfolio because that allows me to build a portfolio which has largecap, mid and small.”

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside.

Monday, the day after the election, was a public holiday in Argentina, delaying the market reaction. But immediately Tuesday, the stock market opened up 20 percent, before easing off to gains of about 14 percent.

Indexes stayed lower after minutes from the latest Federal Reserve meeting showed officials agreed to take a cautious approach to raising U.S. interest rates going forward.

Brent crude futures rose 11 cents, or 0.1%, to $82.56 a barrel by 0004 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $77.91.