Nifty opened huge gap up on strong global cues yesterday and remained positive through out the session. Bringing back some confidence on investors community.Realty,IT,Metal,FMCG performed well in yesterday's trading session. Still RIL - RNRL dispute is clueless we need to wait for the verdict @ SEP1. FII's are net buyers again with domestic players.
INSTITUTIONAL ACTIVITY :: FII (+712 cr) ::: DII (+275 cr)
- Nifty ended in premium of 9.00 vs premium of 7.40 cost of carry increased.
- Nifty Put Call Ratio Open Interest @ 1.22 vs 1.o9
- 4400 PE and 4700 CE added more Open Interest suggest Unwinding in 4700CE.
- India Vix shoots up @ 63.58 vs 38.51 with increase 65.10% change suggest market totally without stable.
- FII's net sellers in Index options.
- US and Europe markets closed flat.
Nifty crossed 4600 mark again yesterday and closed above 4650. As mentioned in yesterday's column yesterday's Final hour is crucial for next sailing. Without that I will go short @ every rise for target of 4444. With support to that yesterday price making higher high not indcators suggest bearish divergence.Market will be in rangebound until expiry after expiry we can expect a big breakout.4635 is crucial level today or reversal level for Intraday. Play Intraday until Expiry. 4600 PE will be good bet for this expiry. yesterday our Positional pick AIengineering made 10% .
Levels ::
Nifty Fut Supp @ 4609 :: Res @ 4695
4619 - 4644 - 4658 - 4674
Bearish > 4643 <Bullish
Happy Trading !!!!
No comments:
Post a Comment