0 Daily News Letter - Share Market


Nifty: The Nifty is likely to open negative on the back of negative global cues. It is likely to trade in the range of 5250-5330. The trading strategy would be to create long positions if the Nifty takes support at around 5261 levels for targets of 5295 and 5315. On the other hand, one can also create short positions if it resists at around 5330 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 9900-10150

STOCKS WITH BULLISH BIAS
BFUTILITIE, HDIL, ICICIBANK, IDEA, LT, PTC & TATAMTRDVR
STOCKS WITH BEARISH BIAS
BEL, BHARATFORG, GESHIP, INDUSINDBK, JETAIRWAYS & WIRPO

Previous Day Futures and Options analysis -

  • Nifty future opened slightly negative and gained positive momentum in second half of the session.
  • Nifty Sep futures made a high of 5304.80, low of 5258.65 and finally closed at 5299.40.
  • Nifty spot closed at 5274 up by 20.25 points.
  • Bank Nifty closed at 10020.65 up by 57.65 points.
  • CNX IT closed at 6084.05 up by 0.85 points.
  • Nifty futures closed with 25.40 point’s premium.
  • Nifty heavyweight stocks BHARTIARTL witnessed long build-up.
  • Volatility India index VIX closed at 16.56 down by 3.99%.
  • PCR (Volume) is at 0.79.
  • Nifty Sep 5400-5600 calls strikes have witnessed long build-up.

ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 846
DECLINE – 604

Disclosure/Disclaimer and FAQ

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

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