0 Share Market Daily News Letter


Nifty: The Nifty is likely to open flat on the back of flattish Asian 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 5263 levels for targets of 5300 and 5320. 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 10850-10200

STOCKS WITH BULLISH BIAS
HCLTECH, POWERGRID, BATAINDIA, BIOCON, EXIDEIND, CUMMINSIND & IRB
STOCKS WITH BEARISH BIAS
GAIL, ONGC, TATAPOWER, INDHOTEL & INDUSINDBANK

Previous Day Futures and Options Analysis - 

  • Nifty future opened positive and continued its negative trend during the day to close down by 0.35%
  • Nifty Sep futures made a high of 5324.30, low of 5272.30 and finally closed at 5282.90.
  • Nifty spot closed at 5253.75 down by 4.75 points. 
  • Bank Nifty closed at 9963 down by 27.50 points.
  • CNX IT closed at 6083.20 up by 10.85 points.
  • Nifty futures closed with 29.15 point’s premium.
  • Nifty heavyweight stocks AXISBANK, TATAMOTORS and TATASTEEL witnessed short build-up.
  • Volatility India index VIX closed at 17.28 down by 0.12%.
  • PCR (Volume) is at 0.82.
  • Nifty Sep 5400 and 5500 calls strikes have witnessed maximum OI build


ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 808
DECLINE – 656

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