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After a gap up opening, the Nifty traded in a narrow range for the rest of the session. It closed with the gains of 1.28% FIIs were net buyers in the cash segment to the tune of 556 crore. They also created longs in index futures and stock futures to the tune of 381 crore and 615 crore, respectively India VIX went up marginally from 16.12 to 16.22 In the options space, on the Call side, 5400 Call added 1 million shares followed by 5600 Call, which added 0.9 million shares. On the Put side, 5300 Put added 1.36 million shares.

Nifty: The Nifty is likely to open flat on the back of flat global cues. It is likely to trade in the range of 5260-5350. The trading strategy would be to create long positions if the Nifty takes support at around 5273 levels for targets of 5310 and 5330. On the other hand, one can also create short positions if it resists at around 5340 levels.
Bank Nifty: The Bank Nifty is likely to trade in the range of 10300-10600
Stock Analysis


Previous Day Futures n Options Analysis -
  • Nifty Aug futures made a high of 5309.90, low of 5278.10 and finally closed at 5296.85.
  • Nifty spot closed at 5282.55 up by 66.85 points. 
  • Bank Nifty closed at 10462.40 up by 146.80 points.
  • CNX IT closed at 5699.10 up by 1.95 points.
  • Nifty Aug future closed with 14.30 point’s premium.
  • Nifty heavyweight stock RELIANCE and AXISBANK witnessed long build-up.
  • Volatility India index VIX closed at 16.22 up by 0.62%.
  • PCR (Volume) is at 0.97.
  • Nifty Aug 5300 put strike witnessed short build-up.
  • Nifty Aug 5400 call strikes witnessed long build-up.

STOCKS WITH BULLISH BIAS
BHARATFORG, BHUSANSTL, GESHIP, PETRONET & ROLTA
STOCKS WITH BEARISH BIAS
HAVELLS, IOC, LICHSGFIN & MPHASIS
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 926
DECLINE – 563

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