MARKET TREND - ROARING STOCKS:
Yesterday Nifty moved with in our radar range. Key observations to note from yesterday market and expect today Nifty movement:
FIIs and DIIs both are in Long side in Equity Segment, after so many days for worth of 4662.91 and 1703.98 cr. respectively.
FIIs are net buyers in Derivative Sector also for the worth of 398.52 cr by adding 19167 long contracts and 9114 short contracts by which OI increased by 28281 contracts.
Rupee gained and closed at 61.12.
Market Breadth improved and closed positively.
FIIs much focused on Options than Futures segment by which India Vix lossed almost 0.86 pts and closed at 13.33.
PCR improved and closed near to 1.00 (0.99).
Derivatives OI range increased to 7800-8100 from its earlier 7700-8100. But active range is at 7900-8000. Almost most all Day Chart indicators in positive except ACD and Bo-linger, which indicate more volatile market.
Bank Nifty created new record, which shows intensity of cash flow and positiveness on Indian Economy.
Negative to observe, market could not close either above 50 DMA or 20 DMA.
Nifty moving with influence of Global Markets.
Today Nifty likely to open with positive note and may get resistance at 7960/7990 level. Day traders can go short with 8020 SL.
NIFTY SPOT LEVELS:
Pivot: 7912
Resistance: 7951/7975/8014
Support: 7889.7850/7827
NIFTY FnO BAN: HDIL, IBREAL
STOCKS TO TRADE : (MOMENTUM TRADES)
PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)
Yesterday Nifty moved with in our radar range. Key observations to note from yesterday market and expect today Nifty movement:
FIIs and DIIs both are in Long side in Equity Segment, after so many days for worth of 4662.91 and 1703.98 cr. respectively.
FIIs are net buyers in Derivative Sector also for the worth of 398.52 cr by adding 19167 long contracts and 9114 short contracts by which OI increased by 28281 contracts.
Rupee gained and closed at 61.12.
Market Breadth improved and closed positively.
FIIs much focused on Options than Futures segment by which India Vix lossed almost 0.86 pts and closed at 13.33.
PCR improved and closed near to 1.00 (0.99).
Derivatives OI range increased to 7800-8100 from its earlier 7700-8100. But active range is at 7900-8000. Almost most all Day Chart indicators in positive except ACD and Bo-linger, which indicate more volatile market.
Bank Nifty created new record, which shows intensity of cash flow and positiveness on Indian Economy.
Negative to observe, market could not close either above 50 DMA or 20 DMA.
Nifty moving with influence of Global Markets.
Today Nifty likely to open with positive note and may get resistance at 7960/7990 level. Day traders can go short with 8020 SL.
NIFTY SPOT LEVELS:
Pivot: 7912
Resistance: 7951/7975/8014
Support: 7889.7850/7827
NIFTY FnO BAN: HDIL, IBREAL
STOCKS TO TRADE : (MOMENTUM TRADES)
PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)
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