0 Daily News Letter - Share Market


Nifty (5610.00 +32.35)

With the gap up opening, Nifty tested crucial mark of 5650 zone and traded range bound till the end. It finally closed with gain of half percent and market breadth was inclined strongly on the advancing side. Importantly, we have witnessed extraordinary rise in volume on cash front today indicating bullish bias intensely in control. On sectorial front, pivots traded mixed while the majority were inclined on positive side: Realty, Capital goods, Bankex and Power were the top gainers while FMCG, IT, Teck and Healthcare remained under pressure. As we have mentioned in our yesterday’s newsletter, the zone of 5630-5660 level would act as strong hurdle and today’s opening tick has penetrated in that resistance zone though it failed to surpass above the same in the end. Accordingly, it may consolidate around current levels before the next directional move in the near future but stock specific move will continue.

Previous day Futures and Options analysis - 

  • Nifty future opened positive by almost 1% and traded sideways in range of 60 points during the session. 
  • Nifty Sep futures made a high of 5670.10, low of 5593.50 and finally closed at 5616.70. 
  • Nifty spot closed at 5610 up by 32.35 points. 
  • Bank Nifty closed at 10981.65 up by 338.75 points. 
  • CNX IT closed at 6398.20 down by 201.20 points. 
  • Nifty futures closed with 6.70 point’s premium. 
  • Nifty heavyweight stocks ICICIBANK, TATAMOTORS and SBIN witnessed long build-up. 
  • Volatility India index VIX closed at 17.78 up by 15.60%. 
  • PCR (Volume) is at 0.94. 
  • Nifty Sep 5700 – 5800 call strikes has witnessed OI build-up. 

STOCKS WITH BULLISH BIAS
ABAN, CROMPGREAV, CUMMINSIND, HINDOILEXP, INDHOTEL, JISLJALEQS, JUBLFOOD & TATACOMM
STOCKS WITH BEARISH BIAS
BPCL, CENTURYTEX, DRREDDY, OIL, ONMOBILE & WIPRO
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 896
DECLINE – 617


Disclosure/Disclaimer and FAQ

*If you have any questions, queries or need more explanation, leave comments below also please don't forget to LIKE my page. Our commitment to you: we want to make money with you, not from you. We execute all trades that we share with members at our personal account. If you lose we lose too. If you profit, we profit too. Contact us at [email protected] if you have any questions.
 
people like this. be the first of your friends.

FREE SUBSCRIPTION

0 comments:

Post a Comment

Thanks for giving your valuable inputs, TRENDGURUS

OUR EXPERTISE

We provide expert in our field. Over 5+ years of experience we will ensure that you are always getting good guidance from the top people in the industry.

Thought of the day

"The man who has minted money with both hands in the Indian stock market says wealth is important but is not the source of all happiness.", Rakesh Jhunjhuwala

SUBSCRIBE US

Latest News

1) PM Modi fires back at the opposition, forcefully defend demonetisation 2) Nirav Modi to Stay in Jail for at least 28 more days.

By Using this website\Blog, you agree to the Disclaimer provided at Disclaimer -|- Designed by Tritan Solutions Pvt. Ltd -|- Copyright © 2019 -|- All rights reserved

ERP MLM Ecommerce Algo Software Development Company in Delhi | Digital Marketing | Algorithmic Trading | Ecommerce website