1 Indian Stock Market - Daily News Letter


Nifty: The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 5300-5380. The trading strategy would be to create short positions if the Nifty resists at around 5365 levels for targets of 5335 and 5315. On the other hand, one can also create long positions if it takes support at around 5300 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10350-10650

Previous day Futures n Options analysis - 
  • Nifty future opened flat on Friday and traded in a narrow range of 40 points throughout the day and closed flat. 
  • Nifty Aug futures made a high of 5359.90, low of 5320.10 and finally closed at 5345.10.
  • Nifty spot closed at 5320.40 down by 2.55 points. 
  • Bank Nifty closed at 10358.95 down by 86.95 points.
  • CNX IT closed at 5905.15 up by 77.55 points.
  • Nifty Aug future closed with 24.70 point’s premium.
  • Nifty heavyweight stock TATASTEEL and SBIN witnessed short build-up.
  • Nifty heavyweight stock TCS and INFY witnessed long build-up.
  • Volatility India index VIX closed at 16.07 down by 1.59%.
  • PCR (Volume) is at 1.02.
  • Nifty Aug 5200 put strikes witnessed OI build-up.


STOCKS WITH BULLISH BIAS
BATAINDIA, HINDALCO, JINDALSAW, JUBLFOOD, WELCORP.
STOCKS WITH BEARISH BIAS
BAJAJAUTO, GODREJIND, TATASTEEL & TITAN
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 580 
DECLINE – 898 

1 comments:

  1. As expected nifty opened flat and trading in our range.

    ReplyDelete

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