0 Daily News Letter - Share Market


Nifty (5731.25 +12.45)

Index witnessed another range bound session between 5715-5745 levels and closed marginally in green to conclude the day. In line with prevailing stock specific bias, market breadth ended on advancing side with noticeable volume indicating continuous buying in Midcap and Smallcap segment. Among sectorial indices,  majority ended on flat note expect Oil& gas pivot; as it gained close to one percent in the end. Technically, index is maintaining the overall positive bias but upward momentum is slowly deteriorating so we might trigger some profit taking in near future so it’s better to keep strict stop loss for the fresh positions and trail the stop losses of existing long trades to lock gains.

At the National Stock Exchange the advances were 934 and declines were 595 whereas at the Bombay Stock Exchange advances were 1759 and declines were 1172. On Wednesday, Bank Nifty lost 0.05% to close at 11414.95; CNX-IT lost 0.20% to close at 6422.55.

  • FIIs were net buyers in the cash segment and index futures segment to the tune of | 603 crore and | 970 crore, respectively. They, however, created shorts in stock futures to the tune of | 74 crore
  • India VIX went up from 16.34 to 16.50 (up 0.98%)
  • In the options space, on the Call side, 5800, 5900 and 6000 Call added 0.8-0.9 million shares each. On the Put side, Nifty 5600 and 5700 Put added 0.8 million shares each


Nifty: The Nifty is likely to open flat to positive on the back of positive global cues. It is likely to trade in the range of 5750-5830. The trading strategy would be to create long positions if the Nifty takes support at around 5755 levels for targets of 5790 and 5810. On the other hand, one can also create short positions if it resists at around 5823 levels
Bank Nifty: The Bank Nifty is likely to trade in the range of 10450-11700





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

0 comments:

Post a Comment

Thanks for giving your valuable inputs, TRENDGURUS

OUR EXPERTISE

We provide expert in our field. Over 8+ years of experience we will ensure that you are always getting good guidance from the top people in the industry.

Thought of the day

"The man who has minted money with both hands in the Indian stock market says wealth is important but is not the source of all happiness.", Rakesh Jhunjhuwala

Latest Updates

By Using this website\Blog, you agree to the Disclaimer provided at Disclaimer -|- Designed by Tritan Solutions Pvt. Ltd -|- Copyright © 2019 -|- All rights reserved