0 Daily News Letter

Nifty: The Nifty is likely to open positive on the back of positive global cues. It is
likely to trade in the range of 5110-5210. The trading strategy would be to create
long positions if the Nifty takes support at around 5123 levels for targets of 5160
and 5185. On the other hand, one can also create short positions if it resists at
around 5200 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 positive and traded with positive momentum in first half of the session, and in latter half have seen profit booking and finally closed up by 1.76%. 
• Nifty Aug futures made a high of 5179.75, low of 5095.50 and finally closed at 5123.55.
• Nifty spot closed at 5099.85 up by 56.85 points. 
• Bank Nifty closed at 10140.55 up by 56.75 points.
• CNX IT closed at 5562 up by 72.40 points.
• Nifty Aug future closed with 23.70 point’s premium.
• Nifty heavyweight stock SBIN witnessed short build-up.
• Volatility India index VIX closed at 16.44 up by 0.43%.
• PCR (Volume) is at 0.90.
• Nifty Aug 5000-5100 put strikes witnessed short build-up.
• Nifty Aug 5400-5500 call strikes witnessed writing.

STOCKS WITH BULLISH BIAS FOR THE NEXT TRADING SESSION
IDEA, ITC, PIRHEALTH, SESAGOA & TITAN
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
ADANIPORTS, BATAINDIA, DIVISLAB & OPTOCIRCUI
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 493
DECLINE – 989