0 Share Market Nifty Future Daily News Letter

Nifty: The Nifty is likely to open positive on the back of positive global cues. It is likely to trade in the range of 5410-5480. we will follow this trading strategy i.e. Create long positions if the Nifty takes support in the range of 5410-5419 for targets of 5450 and 5470. On the other hand, will create short positions if it resists at around 5480 levels.

Bank Nifty: The Bank Nifty is likely to trade in the range of 10450-10700.

STOCKS WITH BULLISH BIAS
BANKBARODA, CAIRN, COALINDIA, HINDPETRO & INDIACEM

STOCKS WITH BEARISH BIAS
GMDC, HDIL, OFSS, PUNJLLOYD, RECLTD & TATAGLOBAL

Previous day Futures and Options analysis - 
  • Nifty future opened negative and became volatile in latter half of session, to finally close almost flat.
  • Nifty Aug futures made a high of 5454.75, low of 5405.65 and finally closed at 5431.10.
  • Nifty spot closed at 5412.85 down by 8.15 points. 
  • Bank Nifty closed at 10472.20 up by 2.70 points.
  • CNX IT closed at 6099.10 up by 13.80 points.
  • Nifty Aug future closed with 18.25 point’s premium.
  • Nifty heavyweight stocks BHARTIARTL witnessed short build-up.
  • Volatility India index VIX closed at 16.00 down by 1.84%.
  • PCR (Volume) is at 1.20.
  • Nifty Aug 5400-5500 put strikes witnessed OI build-up.
  • Nifty Aug 5200 put strikes witnessed writing.
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 677
DECLINE – 814

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