2 Daily News Letter - ShareMarket


Nifty (5619.70 +21.80)

After yesterday’s breakdown, index traded with sideways bias and closed marginally in green in the end. Technically, it took support at 5580 level i.e. 38.20% as per Fibonacci retracement level on intraday chart and closed above the same till the end. On sectorial front, some of the pivots like Healthcare, Auto, Realty and Metal gained more than a percent each while majority of others closed flat. Surprisingly, market breadth ended on positive note though the volume remained on the lower segment. Keeping in mind close, it may spend a session or two around the current level and any breakdown below 5580 will trigger the next down move.

At the National Stock Exchange the advances were 823 and declines were 655 whereas at the Bombay Stock Exchange advances were 1483 and declines were 1302. On Wednesday, Bank Nifty gained 0.59% to close at 11268.80; CNX-IT gained 0.36% to close at 6087.8.

  • FIIs were net sellers in the index futures segment to the tune of | 169 crore. They were, however, net buyers in the stock futures and cash segment to the tune of | 202 crore and | 248 crore, respectively
  • India VIX came down from 15.17 to 14.40 (down 5%)
  • Options : on the Call side, Nifty 5600, 5700, 5800 and 5900 Call added close to 0.4 million shares. On the Put side, Nifty 5400, 5500 and 5600 Put added close to 0.3 million shares


Nifty: The Nifty is likely to open flat to negative on the back of flattish Asian cues. It is likely to trade in the range of 5590-5660. The trading strategy would be to create short positions if the Nifty resists at around 5652 levels for targets of 5620 and 5600. On the other hand, one can also create long positions if it takes support at around 5590 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 11250-11500



 

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. 




FREE SUBSCRIPTION  
 

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. 

2 comments:

  1. nice info, if possible will u plz give live nifty future feed instead of nifty spot in ur excel tools like nifty paper trading and auto trading with calculators.

    ReplyDelete
  2. @ Jaymurugan - Live feeds are taken from yahoo finance and it does not provide any future prices hence its not possible...you can actually add premium or reduce with discount to trade in futures.

    ReplyDelete

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