0 Daily News Letter

Nifty: The Nifty is likely to open gap up on the back of strong global cues. It is likely to trade in the range of 5220-5310. The trading strategy would be to create long positions if the Nifty takes support at around 5236 levels for targets of 5275 and 5300.

On the other hand, one can also create short positions if it resists at around 5310 levels.
Bank Nifty: The Bank Nifty is likely to trade in the range of 10400-10600

Previous Day Futures n Options analysis - 
  • Nifty future opened negative and traded with volatility throughout the day. 
  • Nifty Aug futures made a high of 5246.75, low of 5100 and finally closed at 5241.05
  • Nifty spot closed at 5215.70 down by 12.05 points. 
  • Bank Nifty closed at 10315.60 down by 64 points.
  • CNX IT closed at 5697.15 up by 26.75 points.
  • Nifty Aug future closed with 25.35 point’s premium.
  • Nifty heavyweight stock ICICIBANK and TATASTEEL witnessed short build-up.
  • Volatility India index VIX closed at 16.12 down by 3.88%.
  • PCR (Volume) is at 1.04.
  • Nifty Aug 5000 put strike witnessed writing.
  • Nifty Aug 5300 call strikes witnessed OI build up.
STOCKS WITH BULLISH BIAS
BATAINDIA, COLPAL, GAIL, HDFCBANK, INDIACEM & PNB
STOCKS WITH BEARISH BIAS
FEDERALBNK, HEXAWARE, HINDZINC, JINDALSTEL & KTKBANK

ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 599 
DECLINE – 869 

0 comments:

Post a Comment

Thanks for giving your valuable inputs, TRENDGURUS

OUR EXPERTISE

We provide expert in our field. Over 5+ years of experience we will ensure that you are always getting good guidance from the top people in the industry.

Thought of the day

"The man who has minted money with both hands in the Indian stock market says wealth is important but is not the source of all happiness.", Rakesh Jhunjhuwala

SUBSCRIBE US

Latest News

1) PM Modi fires back at the opposition, forcefully defend demonetisation 2) Nirav Modi to Stay in Jail for at least 28 more days.

By Using this website\Blog, you agree to the Disclaimer provided at Disclaimer -|- Designed by Tritan Solutions Pvt. Ltd -|- Copyright © 2019 -|- All rights reserved

ERP MLM Ecommerce Algo Software Development Company in Delhi | Digital Marketing | Algorithmic Trading | Ecommerce website