Nifty: The Nifty is likely to open flat on the back of flattish Asian cues. It is likely
to trade in the range of 5080-5160. The trading strategy would be to create long
positions if the Nifty takes support at around 5090 levels for targets of 5125 and
5145. On the other hand, one can also create short positions if it resists at
around 5160 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10200-10550
Nifty future opened negative and traded in a range of 40 points throughout the session.
Nifty Aug futures made a high of 5150, low of 5102.75 and finally closed at 5139.20.
Nifty spot closed at 5109.60 down by 18.60 points.
Bank Nifty closed at 10267.85 down by 31.15 points.
CNX IT closed at 5588.65 up by 17.35 points.
Nifty Aug future closed with 29.60 point’s premium.
Nifty heavyweight stock AXISBANK, SBIN and LT witnessed short build-up.
Volatility India index VIX closed at 16.75 down by 1.30%.
PCR (Volume) is at 0.89.
Nifty Aug 5000 put strikes witnessed long build-up.
STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
CIPLA, HDFC, HEXAWARE, POWERGRID & SUNPHARMA
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
ABIRLANUVO, BGRENERGY, BHARTIARTL, JISLJALEQS & TATACHEM
ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 481
DECLINE – 993
to trade in the range of 5080-5160. The trading strategy would be to create long
positions if the Nifty takes support at around 5090 levels for targets of 5125 and
5145. On the other hand, one can also create short positions if it resists at
around 5160 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10200-10550
Previous Day Futures n Options analysis -
Nifty future opened negative and traded in a range of 40 points throughout the session.
Nifty Aug futures made a high of 5150, low of 5102.75 and finally closed at 5139.20.
Nifty spot closed at 5109.60 down by 18.60 points.
Bank Nifty closed at 10267.85 down by 31.15 points.
CNX IT closed at 5588.65 up by 17.35 points.
Nifty Aug future closed with 29.60 point’s premium.
Nifty heavyweight stock AXISBANK, SBIN and LT witnessed short build-up.
Volatility India index VIX closed at 16.75 down by 1.30%.
PCR (Volume) is at 0.89.
Nifty Aug 5000 put strikes witnessed long build-up.
STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
CIPLA, HDFC, HEXAWARE, POWERGRID & SUNPHARMA
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
ABIRLANUVO, BGRENERGY, BHARTIARTL, JISLJALEQS & TATACHEM
ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 481
DECLINE – 993
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Thanks for giving your valuable inputs, TRENDGURUS