0 Daily Nifty Future News Letter

Nifty: The Nifty is likely to open flat on the back of flattish global cues. It is likely to trade in the range of 5330-5410. The trading strategy would be to create short positions if the Nifty resists at around 5394 levels for targets of 5360 and 5340. On the other hand, one can also create long positions if it takes support at around 5330 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10100-10350

STOCKS WITH BULLISH BIAS
AIL, JINDALSAW, JUBLFOOD, NMDC, ONGC, SIEMENS & SUNPHARMA
STOCKS WITH BEARISH BIAS
DCB, FINANTECH, HDFCBANK, IGL & WIPRO

Previous Day Futures and Options analysis - 
  • Nifty future opened flat and traded with negative momentum throughout the day to finally close down by 0.75%.
  • Nifty Aug futures made a high of 5406.45, low of 5358.10 and finally closed at 5362.15.
  • Nifty spot closed at 5350.25 down by 36.45 points. 
  • Bank Nifty closed at 10150.40 down by 182.45 points.
  • CNX IT closed at 6112.95 down by 57.75 points.
  • Nifty Aug future closed with 12 point’s premium.
  • Nifty heavyweight stocks AXISBANK and SBIN witnessed short build-up.
  • Volatility India index VIX closed at 16.47 up by 1.92%.
  • PCR (Volume) is at 1.05.
  • Nifty Aug 5500 call strike have maximum OI build-up, among calls.
  • Nifty Aug 5300 put strike have maximum OI build-up, among puts.
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 445
DECLINE – 1037


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