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Indian market is slated to trade higher driven by global cues. S&P BSE Sensex rose over 200 points, while Nifty50 closed above 18300. India VIX was up by 2.20% from 12.30 to 12.57 levels. Options data indicates a broader trading range between 18000 to 18500 zones, with an immediate trading range between 18150 to 18450 zones. Traders with a short-term horizon can buy JSW Steel, HCL Technologies, and DLF. While L&T, Bharat Electronics, HCL Technologies, and Bajaj Consumer are recommended by another expert.

Three stocks have been banned for trade under Future & Options on Tuesday, May 23, due to crossing the 95% open interest on these stocks. The three stocks include Indiabulls Housing Finance, Manappuram Finance and L&T Finance Holdings (L&TFH). 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%.

Deven Choksey, the MD of KRChoksey Holdings Pvt. Ltd, prefers National Stock Exchange (NSE) over CSK, as NSE has a large balance sheet and holds a significant amount of cash. He believes that the stock exchange business has relatively higher predictability of revenue in the future. NSE has the potential to grow as its market capitalization could increase four-five times in the next 10-15 years.

Adani Enterprises was the top gainer in Nifty as it rallied another 10% to Rs 2,558.70. Adani Ports added another 7% as all the 10 Adani stocks were in demand.

​Aggressive New Short means the average traded quantity for 5 days along with cumulative Open Interest for the stock has increased whereas the price has decreased. Here are 4 stocks displaying such a trend:​

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​Hammer Pattern is a one-day candlestick pattern wherein there is a small green real body and lower shadow extending from the body and is formed at the bottom of a downtrend. ​

With just weeks to go before the country runs out of cash, the standoff has become the key topic on trading floors on fears that a US failure to pay its bills will send shockwaves through markets and the global economy.

Currently the largest steelmaker in India with a production capacity of 27 million tonnes, JSW Steel is in the process of adding another 10 MT of production capacity by the end of FY25, which includes brownfield expansion at the Vijayanagar facility and Bhushan Power.

Refining major BPCL Ltd posted 168% growth in its consolidated net profit at Rs 6,780 crore for the three months ended March. Revenue from operations during the reporting quarter rose 8% to Rs 1.33 lakh crore.