Nifty: The Nifty is likely to open flat on the back of mixed global cues. It is likely
to trade in the range of 5170-5260. The trading strategy would be to create long
positions if the Nifty takes support at around 5180 levels for targets of 5225 and
5248. On the other hand, one can also create short positions if it resists at
around 5260 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10300-10600
Previous Day Nifty Futures Outlook -
BHARATFORG, HDFC, INDUSINDBK, LT, M&M, RANBAXY & RECLTD
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
BHARTIARTL, JINDALSAW & UNIPHOS
ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 981
DECLINE – 504
to trade in the range of 5170-5260. The trading strategy would be to create long
positions if the Nifty takes support at around 5180 levels for targets of 5225 and
5248. On the other hand, one can also create short positions if it resists at
around 5260 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10300-10600
Previous Day Nifty Futures Outlook -
- Nifty future opened positive and traded with positive momentum for entire session and finally closed up by 1.77%.
- Nifty Aug futures made a high of 5224, low of 5150.25 and finally closed at 5216.70.
- Nifty spot closed at 5199.80 up by 99.95 points.
- Bank Nifty closed at 10412.15 up by 271.60 points.
- CNX IT closed at 5646.30 up by 84.30 points.
- Nifty Aug future closed with 16.90 point’s premium.
- Nifty heavyweight stock TATASTEEL, AXISBANK and ICICIBANK witnessed long build-up.
- Volatility India index VIX closed at 16.60 up by 0.97%.
- PCR (Volume) is at 1.06.
- Nifty Aug 5100-5200 put strikes witnessed short build-up.
- Nifty Aug 5400-5500 call strikes witnessed long build-up.
BHARATFORG, HDFC, INDUSINDBK, LT, M&M, RANBAXY & RECLTD
STOCKS WITH BEARISH BIAS FOR THE NEXT TRADING SESSION
BHARTIARTL, JINDALSAW & UNIPHOS
ADVANCE/DECLINE NUMBERS (NSE)
ADVANCE – 981
DECLINE – 504
