0 Daily News Letter

Nifty: The Nifty is likely to open flattish on the back of mixed global cues. It is
likely to trade in the range of 5200-5290. The trading strategy would be to create
short positions if the Nifty resists at around 5273 levels for targets of 5235 and
5215. On the other hand, one can also create long positions if it takes support at
around 5200 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10350-10550

Previous Day Futures n Options analysis - 
  • Nifty future opened almost flat and traded in a narrow range of 35 points throughout the day. 
  • Nifty Aug futures made a high of 5266.80, low of 5229 and finally closed at 5256.30.
  • Nifty spot closed at 5240.50 up by 11.50 points. 
  • Bank Nifty closed at 10419.90 up by 35.80 points.
  • CNX IT closed at 5670.70 down by 24.55 points.
  • Nifty Aug future closed with 15.80 point’s premium.
  • Nifty heavyweight stock ICICIBANK and TATAMOTORS witnessed OI build-up.
  • Volatility India index VIX closed at 16.45 up by 2.75%.
  • PCR (Volume) is at 1.07.
  • Nifty Aug 5200 put strike witnessed short build-up.
  • Nifty Aug 5500 call strikes witnessed writing.

STOCKS WITH BULLISH BIAS
BGRENERGY, CROMPGREAV & LT

STOCKS WITH BEARISH BIAS
INDIANB, PETRONET, TATASTEEL & TCS

ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 966
DECLINE – 507

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