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On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19400 strikes. Minor Call writing is seen at 19450 and then towards 19500 strikes while the Put writing is seen at 19300 and then towards 19250 strikes.

Yes, indeed. Eicher had a very clear product with no real competition in terms of the price points so much higher with Harley now coming in along with Hero. The costs have come down.

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

The US inflation rate for June came in lower than expected at 3%, the smallest year-over-year increase in two years. Meanwhile, retail inflation in India for June rose to 4.81%, after easing for four months in a row, as food prices surged, according to official data released post-market hours on Wednesday.

Shriram Finance, incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 68112.07 Crore) operating in NBFC sector.

Brent crude futures rose 6 cents to $80.17 per barrel by 0004 GMT and U.S. West Texas Intermediate crude futures were up 4 cents, or $75.79.U.S. data on Wednesday showed consumer prices rose modestly in June, registering the smallest annual increase in more than two years. Markets expect one more interest rate rise, but oil traders hope that may be it because higher rates can slow economic growth and reduce oil demand.

"All weekly contracts shall expire on Wednesday of every week excluding the expiry week of the monthly contract. If Wednesday is a trading holiday, then the expiry day is the previous trading day," NSE said in a circular. For monthly and quarterly contracts of the widely-tracked banking index, there is no change and will continue to expire on the last Thursday of the expiry month.

Gold is used as a safe investment during times of political and financial uncertainty, but higher interest rates increase the opportunity cost of holding non-yielding bullion.

​This is a bearish indicator that shows that the futures OI has increased while price has decreased. (​

The momentum indicator MACD is also showing positive signs. The volume during green days is higher than the red days, which also confirms the upper hand of the bulls. We recommend buying the stock at current levels for 3350 and 3450 with immediate support around 3230 and 3195.