0 Share Market Daily News Letter


Nifty: The Nifty is likely to open flat to negative on the back of mixed global cues. It is likely to trade in the range of 5220-5300. The trading strategy would be to create long positions if the Nifty takes support at around 5231 levels for targets of 5265 and 5285. On the other hand, one can also create short positions if it resists at around 5300 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 9750-10000

STOCKS WITH BULLISH BIAS
GODREJIND, IOC, IVRCLINFRA & SRTRANSFIN
STOCKS WITH BEARISH BIAS
CANBK, DENABANK, SIEMENS, JETAIRWAYS & ORIENTBANK

Previous Day Futures and Options Analysis - 

  • Nifty future opened negative and traded with negative bias throughout the session to close down by 0.89%.
  • Nifty Sep futures made a high of 5279.95, low of 5240.90 and finally closed at 5253.35.
  • Nifty spot closed at 5225.70 down by 48.30 points. 
  • Bank Nifty closed at 9827.90 down by 192.75 points.
  • CNX IT closed at 6083.75, which is almost flat.
  • Nifty futures closed with 27.65 point’s premium.
  • Nifty heavyweight stocks AXISBANK, ICICIBANK and TATASTEEL witnessed short build-up.
  • Volatility India index VIX closed at 17.01 up by 2.53%.
  • PCR (Volume) is at 0.82.
  • Nifty Sep 5300 call strikes have witnessed short build-up.

ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 594
DECLINE – 884

Disclosure/Disclaimer and FAQ

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

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Thanks for giving your valuable inputs, TRENDGURUS

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