Nifty opened gap down yesterday due to weak Asian global cues managed to get support and remained range bound.Reliance again a non stop thriller on upside making traders to concentrate on it.Banks/IT stocks looks good.FII's and DII's still a net buyers.
INSTITUTIONAL ACTIVITY :: FII ( +239cr) ::: DII (+193 cr)
- Nifty ended @ 3.20 point premium vs 3.25 point premium cost of carry increased.
- India Vix closed @ 31.66 vs 31.97 with -0.97 % suggest market getting stable.
- 4600 PE and 5000 Ce added more open interest.
- Nifty Put Call Ratio Open Interest @ 1.34 vs 1.27.
- FII's net sellers in all counters except index future and stock option.
- Volatility in puts is still higher than calls.
- US markets and Europe markets closed positive.
Nifty getting strong support @ lower side, though there is lack of participation from investors smart money making it for longers. It will take nifty to maximum. so any change in technical side? nope nothing in this range bound move. As I said before until 4700 holds buy all dips. Pick metal and FMCG in this run. If any1 long in Reliance try to book profits. Intra indicators are highly overbought.SBIN still waiting for our target will be done today.
Levels ::
Nifty fut supp @ 4789 :: Res @ 4846
Bearish > 4820 < Bullish
Happy trading !!!!
No comments:
Post a Comment