0 Share Market 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 5250-5330. The trading strategy would be to create long positions if the Nifty takes support at around 5258 for targets of 5290 and 5315. On the other hand, one can also create short positions if it resists at around 5324 levels
Bank Nifty: The Bank Nifty is likely to trade volatile in the range of 10000-10250

STOCKS WITH BULLISH BIAS
BAJAJ-AUTO, BATAINDIA, BHEL, BIOCON, FINANTECH & COLPAL
STOCKS WITH BEARISH BIAS
PIRHEALTH, RECLTD, RELCAP, SYNDIBANK, ULTRACEMCO & WIPRO


Previous day Futures and Options analysis - 

  • Nifty future opened negative and continued its negative trend for the whole day to close at 5291.65
  • Nifty Sep futures made a high of 5328, low of 5268.95 and finally closed at 5291.65.
  • Nifty spot closed at 5258.50 down by 56.55 points. 
  • Bank Nifty closed at 9990.50 down by 94.70 points.
  • CNX IT closed at 6072.35 down by 72.15 points.
  • Nifty futures closed with 33.05 point’s premium.
  • Nifty heavyweight stocks ITC, RELIANCE, HINDUNILVR and TCS witnessed short build-up.
  • Volatility India index VIX closed at 17.30 up by 3.80%.
  • PCR (Volume) is at 0.88.
  • Nifty Sep 5400 and 5500 calls strike have maximum OI build-up.


ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 634
DECLINE – 833

Disclosure/Disclaimer and FAQ

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

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