0 Nifty Futures and Options - Daily News Letter


In yesterdays’s session, index kept trading in a narrow range of 5255-5382 levels for most part of the day and ended marginally in red. Accordingly, market breadth also slipped on declining side with slightly higher volume in cash segment indicating profit taking. On sectorial front, pivots traded with mixed bias but majority ended on negative note. As we kept on mentioning in our previous newsletters, sustainability above 5400 is
required for fresh upward momentum and currently it’s hovering around the same so one should be cautious but avoid going short.

Previous day Futures n Options analysis - 
Nifty future opened flat and traded in a narrow range of 34 points correcting by 0.3% to close in the end.
Nifty Aug futures made a high of 5410, low of 5376.20 and finally closed at 5382.
Nifty spot closed at 5362.95 down by 17.45 points. 
Bank Nifty closed at 10426.75 down by 92 points.
CNX IT closed at 5936.35 down by 20 points.
Nifty Aug future closed with 19 point’s premium.
Nifty heavyweight stock RELIANCE , LT witnessed long build-up.
Nifty heavyweight stock SBI CICIBANK , TATAMOTORS and DLF witnessed short build-up.
Volatility India index VIX closed at 15.69 up by 0.31%.
PCR (Volume) is at 1.03.
Nifty Aug 5300-5400 put strikes witnessed short build-up.
Nifty Aug 5500 call strikes witnessed long build-up.

STOCKS WITH BULLISH BIAS
BIOCON, CESC, IRB, MAX & MCLEODRUSS

STOCKS WITH BEARISH BIAS
ACC, BGRENERGY, TITAN, UNIPHOS & WIPRO

At the National Stock Exchange the advances were 666 and declines were 825 whereas at the Bombay Stock Exchange advances were 1306 and declines were 1521.
On Thursday, Bank Nifty lost 0.88% to close at 10426.75; CNX-IT lost 0.34% to close at 5915.90.

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Thanks for giving your valuable inputs, TRENDGURUS

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