0 Stock Market Tips - 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 5310-5390. The trading strategy would be to create short positions if the Nifty resists at around 5375 levels for targets of 5340 and 5320. On the other hand, one can also create long positions if it takes support at
around 5310 levels

Bank Nifty: The Bank Nifty is likely to trade in the range of 10350-10600

Pivot levels (Aug) S3 S2 S1      Piv R1 R2 R3
Nifty future 5251 5303 5327 5355 5379 5407 5459

Previous day Futures n Options analysis -
  • Nifty future opened positive but lost all its gains as the day proceeded and finally closed almost flat. 
  • Nifty Aug futures made a high of 5384, low of 5332 and finally closed at 5350.05.
  • Nifty spot closed at 5322.95 down by 15.05 points. 
  • Bank Nifty closed at 10445.90 down by 83.35 points.
  • CNX IT closed at 5827.60 down by 0.70 points.
  • Nifty Aug future closed with 27.10 point’s premium.
  • Nifty heavyweight stock BHARTIARTL and SBIN witnessed short build-up.
  • Nifty heavyweight stock ITC witnessed long build-up.
  • Volatility India index VIX closed at 16.33 down by 0.04%.
  • PCR (Volume) is at 1.01.
  • Nifty Aug 5400 call strike witnessed OI build-up.
  • Nifty Aug 5700 call strike witnessed writing.
STOCKS WITH BULLISH BIAS
APOLLOTYRE, CENTURYTEX, LT, ONMOBILE & OPTOCIRCUI
STOCKS WITH BEARISH BIAS
AIL, IDBI, ORIENTBANK, SCI, UNIPHOS, WIPRO & YESBANK
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 492
DECLINE – 982

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