Nifty (5718.80 +15.50)
Index opened on flat note and traded range bound within a narrow range of 5695-5710 levels in first half of the session. The bias shifted marginally on the positive side in later half resultant closing in green in the end. Market breadth was inclined strongly on the positive side with slightly decline in volume on cash front. On sectorial front, most of indices ended on flat note except IT and Teck; as they gained more than one and half ercent each. Considering the global scenario and strengthening of rupee against dollar, equity markets are likely to trade with positive bias in the near future so one should utilize declines as buying opportunity but be strict to stop losses.
At the National Stock Exchange the advances were 969 and declines were 551 whereas at the Bombay Stock Exchange advances were 1805 and declines were 1102. On Monday, Bank Nifty lost 0.32% to close at 11420.45; CNX-IT gained 1.93% to close at 6435.40.
- FIIs were net buyers in the cash segment and index futures segment to the tune of | 1230 crore and | 999 crore, respectively. They, however, created shorts in stock futures to the tune of | 679 crore
- India VIX came down from 16.91 to 16.16 (down 4.44%)
- Options On the Call side, 5700 Call saw closure of 0.6 million shares whereas 6000 Call added 0.7 million shares. On the Put side, 5400 and 5500 Put added 1.25 million shares and 1.1 million shares, respectively.
Nifty: The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 5690-5770. The trading strategy would be to create long positions if the Nifty takes support at around 5700 levels for targets of 5735 and 5755. On the other hand, one can also create short positions if it resists at around 5770 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10350-11600
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.
FREE SUBSCRIPTION
0 comments:
Post a Comment
Thanks for giving your valuable inputs, TRENDGURUS