"Since July 2020, Nifty50 has always managed to find support at its 20-week moving average on corrections. Analysts suggested that traders should remain cautious going ahead and avoid taking aggressive bets.In the derivatives segment, traders aggressively bought out-of-money put options of the Nifty50 index indicating that they see more selling ahead. Higher activity on a counter in value terms can help identify the counters with the highest trading turnovers in the day.Vodafone Idea (Shares traded: 33.9 crore), Indiabulls Housing (Shares traded: 11.1 crore), Tata Power (Shares traded: 8.0 crore), YES Bank (Shares traded: 7.4 crore), Trident (Shares traded: 6.5 crore), NALCO (Shares traded: 5.9 crore), SAIL (Shares traded: 5.6 crore), PNB (Shares traded: 5.6 crore), and Tata Motors (Shares traded: 5.2 crore) were among the most traded stocks in the session.Tata Tele, Brightcom Group, Trident, Escorts, BEML and SCI witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signaling bullish sentiment.Shyam Metallics, Bombay Burmah, and JM Financial witnessed strong selling pressure and hit their 52-week lows, signaling bearish sentiment on these counters.Overall, the market breadth remained in favour of the bears. Nifty Pharma was the only sectoral index that ended in the green as India VIX shot up by as much as 40 per cent last week. Is it a good time to buy the dip once again or should one sell on the rise?

Source: Economic Times November 28, 2021 17:17 UTC