Hot Stocks: PI Industries & Tata Chemicals could give over 10% return in short term; here’s why

Episode 3327,   Apr 09, 2021, 12:30 AM

The Nifty50 on the weekly time frame charts has been in a consolidation mode for the past 4 weeks and has managed to hold above the 20-week SMA on a closing basis.

On the daily time frame, we can see the prices hovering around the 20-Day SMA. On the options open interest front (15th April 2021 expiry), huge participation and open interest addition is seen in the 15200 calls.