BTST: Dealers make a big claim! BTST calls at IREDA, FIIs buying at CDSL - where can shares go now?:From rising open interest to set targets,

News Topical, Digital Desk : Dealer activity in the stock market today has brought two stocks into sharp focus. While IREDA is seeing interest from BTST advisors and HNI investors, CDSL is seeing strong buying from FIIs. From rising open interest to set targets, both stocks are clearly signaling short-term and positional movement. The question is what are dealers watching for and what levels should investors be watching.

IREDA: BTST Call, HNI Buyers
According to active dealers, IREDA is currently in a very interesting trading situation. BTST (Buy Today Sell Tomorrow) advice is being given on this stock in the market. This clearly means that dealers expect a short-term rally. The entry of HNI investors has increased confidence. Buying by HNI investors has been observed during trading. Typically, when high net worth investors are active in a stock, it is believed that they are either seeing a technical breakout or expecting a strong trigger. This is why market sentiment for a rise in IREDA remains strong. What does the surge in open interest indicate? Open interest in IREDA has increased by nearly 8%. This simply means that new positions are being created, and this indicates fresh buying, not just short covering. When OI and price both rise together, it is generally considered a bullish setup.

What are dealers' targets? Dealers believe IREDA stock could move into the range of ₹147 to ₹178 in the coming sessions. This is a broad range for short-term traders, which could create good opportunities. However, due to the BTST call, stop-loss and risk management will be crucial.

CDSL: FIIs buying, eyeing ₹1500+. On the other hand, the market is keeping an eye on CDSL. According to dealers, FIIs appeared to be buyers in CDSL today. When foreign investors increase their buying in a stock, it impacts both sentiment and trend.

Why are FIIs buying important? FIIs typically invest with a medium- to long-term perspective. Their buying indicates confidence in the company's business model, growth, and sector outlook. In CDSL's case, this confidence is reflected in the stock's movement.

What do dealers' targets indicate? Dealers are looking at a target of ₹1500 to ₹1510 for CDSL. These levels are considered important from both technical and sentiment perspectives. If the stock moves towards this range, momentum traders may become more interested.