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Rupak De, Senior Technical analyst at LKP Securities expects bearish trend to continue in the markets going ahead till the time Nifty stays below 19,500, with initial support likely around 19,330. A fall below this level could take the Nifty towards 19,250-19,200, he opines.

The market correction had nothing to do with the monetary policy, and was rather a reflection of the weak global sentiment.

Market veteran Vijay Kedia advises against trading and actively trading in the options market for new investors. He emphasizes the importance of curbing expenses and saving money to generate seed capital for investing. Kedia also shares his personal experience of living frugally in his early years to survive in the stock market. He believes that wealth is about achieving the unachievable and constantly challenging oneself. Kedia encourages his children to make mistakes in life, as long as they are affordable and can be learned from.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

"Private sector banks are preferred over public sector banks due to factors such as valuation multiples, earnings rebound, and better deposit gathering ability. In terms of HDFC Bank, their Q2 provisional update showed positive numbers, particularly in deposit and loan growth. Axis Bank, on the other hand, is facing weakness along with other banks due to global factors. PSU banks have seen a reversal of favor from institutional investors, as pressure on margins becomes evident. "

V-Mart Retail Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.

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%.

APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 45336.65 Crore) operating in Metals - Ferrous sector.