0 Daily News Letter

Nifty: The Nifty is likely to open gap up on strong global cues. It is likely to trade
in the range of 5035-5125. The trading strategy would be to create long
positions if the Nifty takes support at around 5043 levels for targets of 5085 and
5115. On the other hand, one can also create short positions if it resists at
around 5125 levels.
Bank Nifty: The Bank Nifty is likely to trade in the range of 10150-10550

Previous Day Futures n Options analysis -

  • Nifty future opened almost flat and gained negative momentum in last hour of trade to finally close down by 1.08%.
  • Nifty Aug futures made a high of 5148, low of 5070.10 and finally closed at 5081.30.
  • Nifty spot closed at 5043 down by 66.60 points.
  • Bank Nifty closed at 10083.80 down by 184.05 points.
  • CNX IT closed at 5489.60 down by 99.05 points.
  • Nifty Aug future closed with 38.30 point’s premium.
  • Nifty heavyweight stock HDFCBANK, ONGC and ITC witnessed short build-up.
  • Volatility India index VIX closed at 16.37 down by 2.27%.
  • PCR (Volume) is at 1.02. Nifty Aug 5000 put strikes witnessed long build-up.
  • Nifty Aug 5200 call strikes witnessed short build-up.

STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
COALINDIA, DABUR, GAIL, GRASIM & SRTRANFIN
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
BATAINDIA, BHUSANSTL, CUMMINSIND, HDFCBANK & TCS

ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 312
DECLINE – 1159

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