0 Share Market Daily News Letter


Nifty: The Nifty is likely to open flat to negative on the back of weak global cues. It is likely to trade in the range of 5260-5350. The trading strategy would be to create short positions if the Nifty resists at around 5337 levels for targets of 5305 and 5285. On the other hand, one can also create long positions if it takes support at around 5260 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 9900-10200

STOCKS WITH BULLISH BIAS
BATAINDIA, COALINDIA, CENTURYTEX, HEXAWARE, IDBI, M&M & VOLTAS
STOCKS WITH BEARISH BIAS
GAIL, ORCHIDCHEM, PETRONET, SREIINFRA & TATACHEM

Previous Day Futures and Options analysis- 

  • Nifty future opened negative and became volatile in last hour of trade, to close at 5330 levels.
  • Nifty Sep futures made a high of 5336.90, low of 5289.75 and finally closed at 5330.15.
  • Nifty spot closed at 5315.05 up by 27.25 points. 
  • Bank Nifty closed at 10085.20 up by 73.30 points.
  • CNX IT closed at 6144.55 up by 45.40 points.
  • Nifty Sep future closed with 15.10 point’s premium.
  • Nifty heavyweight stocks HINDUNILVR and TATAMOTORS witnessed long build-up.
  • Volatility India index VIX closed at 16.67 down by 0.42%.
  • PCR (Volume) is at 0.85.
  • Among puts, Nifty Sep 5200 put strike have maximum OI build-up.

ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 740
DECLINE – 726

Disclosure/Disclaimer and FAQ

*If you have any questions, queries or need more explanation, leave comments below.

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