0 Daily News Letter

Nifty: The Nifty is likely to open flat on the back of mixed global cues. It is likely

to trade in the range of 5190-5270. The trading strategy would be to create long

positions if the Nifty takes support at around 5202 levels for targets of 5235 and

5255. On the other hand, one can also create short positions if it resists at

around 5270 levels

Bank Nifty: The Bank Nifty is likely to trade in the range of 10300-10550

Previous Day Futures n Options analysis- 

• Nifty future opened positive and was volatile during the day, finally it closed up by 0.43%. 
• Nifty Aug futures made a high of 5247, low of 5168 and finally closed at 5240.55.
• Nifty spot closed at 5229 up by 29.20 points. 
• Bank Nifty closed at 10384.10 down by 28.05 points.
• CNX IT closed at 5695.25 up by 48.95 points.
• Nifty Aug future closed with 11.55 point’s premium.
• Nifty heavyweight stock SBIN and BHARTIARTL witnessed short build-up.
• Volatility India index VIX closed at 16.01 down by 3.55 %.
• PCR (Volume) is at 1.03.
• Nifty Aug 5100-5200 put strikes witnessed short build-up.
• Nifty Aug 5300-5400 call strikes witnessed long build-up.

STOCKS WITH BULLISH BIAS

BOMDYEING, OFSS, PATELENG, SESAGOA & TATACOFFEE

STOCKS WITH BEARISH BIAS

GODREJIND, HAVELLS, IDEA, MRF & TATACHEM

ADVANCE/DECLINE NUMBERS (NSE) 

ADVANCE – 761

DECLINE – 676