DSIJ Mindshare

Bank Nifty may open positive. After an hour, if it trades above 33,840, it’s a positive sign that may test 34,340.

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.  

 Highest put option open interest contract was added at a strike price of 14500 for expiry on June 30.

In this journey of little more than 43 years, Sensex has witnessed many business cycles and has become a sort of proxy for the Indian economy and the pulse of domestic equity market.

Although the stock of Adani Enterprises has not been performing well lately, its long-term investors have received fantastic profits. The share price of Adani Enterprises has increased 221 times in the last 20 years i.e. from Rs 9.41 to Rs 2,082.10 levels. This indicates that during the past 20 years, this multi-bagger stock has given its owners, a return of over 22,000 per cent.