2 Share market Daily News Letter

Nifty: The Nifty is likely to open flat on the back of flattish global cues. It is likely to trade in the range of 5300-5380. The trading strategy would be to create short positions if the Nifty resists at around 5366 levels for targets of 5330 and 5310. On the other hand, one can also create long positions if it takes support at around 5300 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 9950-10200

STOCKS WITH BULLISH BIAS
ASIANPAINT, AUROPHARMA, LICHSGFIN, OIL & PETRONET
STOCKS WITH BEARISH BIAS
BAJAJAUTO, GRASIM, HINDPETRO & SUNTV

Previous Day Futures and Options analysis : 

Nifty future opened flat and traded with negative momentum throughout the day to finally close down by 0.42%.

Nifty Sep futures made a high of 5397.80, low of 5353 and finally closed at 5378.10.

Nifty spot closed at 5334.60 down by 15.65 points. 

Bank Nifty closed at 10059.40 down by 91 points.

CNX IT closed at 6159.90 up by 46.95 points.

Nifty Sep future closed with 43.50 point’s premium.

Nifty heavyweight stocks AXISBANK and ONGC witnessed short build-up.

Nifty heavyweight stocks TCS witnessed long build-up.

Volatility India index VIX closed at 16.35 down by 0.73%.

PCR (Volume) is at 1.03.

Nifty Aug 5400 call strikes have witnessed short build-up.

ADVANCE/DECLINE NUMBERS (NSE) 

ADVANCE – 352 

DECLINE – 1122

Disclosure/Disclaimer and FAQ

*If you have any questions, queries or need more explanation, leave comments below.