{
  "id": 4142233,
  "title": "F&O Talk: Traders should maintain caution amid CAS volatility, says Sudeep Shah; picks 6 stocks for next week",
  "url": "https://urgent.news/2026/08/29/f-o-talk-traders-should-maintain-caution-amid-cas-volatility-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T07:02:04.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/expert-view/fo-talk-traders-should-maintain-caution-amid-cas-volatility-says-sudeep-shah-picks-6-stocks-for-next-week/articleshow/133606328.cms"
  },
  "original_language": "en",
  "account": "The Indian stock market concluded on a positive note on Friday following an intense surge in major IT stocks, pushing the market indices to record new highs after a two-day downturn. Both the Sensex and Nifty 50 saw significant gains, with the Sensex closing at 77,264 and the Nifty 50 at approximately 24,176. India VIX, a marker of market volatility, decreased more than 4%. Analyst Sudeep Shah, Head of Technical & Derivatives Research at SBI Securities, discussed the outlook for HDFC Bank, options data, and a weekly index strategy with ETMarkets. Below are the key points from the interview:\n\n1. Nifty and Sensex divergence: Traders should practice caution and refrain from taking risky directional bets until the market stabilizes. The significant divergence and increased volatility suggest uncertainty, making stock-specific opportunities more appealing than broad index exposure. Nifty is currently consolidating near a critical support zone around 24,000, while resistance is expected around 24,250-24,300. A decisive move either way will determine the next trend. Until then, maintaining a cautious stance, adhering to strict stop losses, reducing leveraged positions, and focusing on stocks exhibiting relative strength is recommended.\n\n2. Nifty and Sensex for the upcoming week: It is anticipated that Nifty will continue to consolidate in the narrow range of 24,379–24,077 over the next seven trading sessions. The index failed to maintain above its 200-day EMA and faced a correction, ultimately closing near the 24,200 mark, marking its third weekly decline. With the index trapped in a consolidation phase, the primary concern lies in determining whether bulls or bears will steer the market's next move. Momentum indicators and oscillators indicate continued consolidation, with the daily RSI remaining in a neutral zone for 13 consecutive sessions. The crucial support zone for the index is the 24,000–23,950 range, with a potential further decline to 23,700 if it breaks below 23,950. An upside target is the 20-day EMA region of 24,250–24,300. The Sensex also showed consolidation within a narrow range of 1,053 points over the past week, closing lower for the third consecutive week and forming a bearish weekly candle. The next crucial support for the index is placed around the 76,600-76,500 range, with 77,500-77,600 serving as a significant resistance level. A decisive move beyond these levels could establish the next trend.",
  "summary": "The Indian stock market ended higher on Friday, but heightened volatility and sharp index divergences amid the Closing Auction Session (CAS) have kept traders cautious. Technical analyst Sudeep Shah expects Nifty and Sensex to remain range-bound, while highlighting key support and resistance levels and identifying six stocks that could outperform in the coming week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}