0 Daily News Letter - Share Market

Nifty (5577.65 +142.30)

On the back of positive cues from the global front, index opened on buoyant note and maintained the bias till the end. It gained more than two and half percent with significant rise in volume. Realty, Metal, Bankex  Capital good pivots gained handsomely as they were up by close to four percent each followed by others. Technically, the resistance zone now exists around 5630-5660 levels where it may witness some pause. As the trend is clearly indicating for the bullish bias to continue so one should be cautious in stock selection and avoid short selling.

Previous Day Nifty Futures and Options analysis - 

• Nifty future opened positive by almost 2% and traded with bullish momentum during the session.
• Nifty Sep futures made a high of 5597.70, low of 5530 and finally closed at 5584.90.
• Nifty spot closed at 5577.65 up by 142.30 points.
• Bank Nifty closed at 10642.90 up by 435.10 points.
• CNX IT closed at 6599.40 up by 85.05 points.
• Nifty futures closed with 7.25 point’s premium.
• Nifty heavyweight stocks ICICIBANK, TATAMOTORS and HDFCBANK witnessed long build-up.
• Volatility India index VIX closed at 15.38 down by 1.85%.
• PCR (Volume) is at 1.02.
• Nifty Sep 5500 – 5600 put strikes has witnessed short build-up.

STOCKS WITH BULLISH BIAS
HDFCBANK, HDIL, IDBI, RECLTD & RELINFRA
STOCKS WITH BEARISH BIAS
DRREDDY, IOC, MCDOWELL-N, MCLEODRUSS, NTPC, OPTOCIRCUI & RANBAXY
ADVANCE/DECLINE NUMBERS (NSE) 
ADVANCE – 864
DECLINE – 617


Disclosure/Disclaimer and FAQ

*If you have any questions, queries or need more explanation, leave comments below also please don't forget to LIKE my page. Our commitment to you: we want to make money with you, not from you. We execute all trades that we share with members at our personal account. If you lose we lose too. If you profit, we profit too. Contact us at [email protected] if you have any questions.
 

people like this. be the first of your friends.

FREE SUBSCRIPTION