DLINKINDIA.NSE D-Link (India) Ltd.

The elevated Put-call ratio and the rise in India's VIX suggest a cautious sentiment and the possibility of profit-booking at higher levels.

The index is likely to consolidate in the monthly F&O expiry week, and if the index takes support and rebounds, then 18,700-18,900 could be the resistance area, whereas 18,500-18,450 could be the next crucial support in case of correction in coming sessions

D-Link India was down nearly 4 percent to Rs 225. Ace investor Ashish Kacholia has sold further 3.69 lakh equity shares in the networking products manufacturer at an average price of Rs 227.91 per share.

Kacholia held 2.11 percent stake or 7.5 lakh shares in D-Link as of March 2023.

D-Link (India) will hold a meeting of the Board of Directors of the Company on 6 May 2023.