Market Recap
Nifty Futures opened gap up, Declined 43 points to Close at 16203
Bank Nifty Futures opened gap up, Advanced 270 points to close at 34786
India Vix closed at 22.8
FII Sold for INR 3609 Cr.
DII Bought for INR 4181 Cr.
Volume Gainers : COAL INDIA, ONGC, and SBI
Volume Losers : ITC, NTPC, and POWER GRID
Global Markets
Dow Jones Futures Advanced and is currently at 31844
US VIX is at 32.5
NASDAQ Futures Advanced and is currently at 12030
DAX Declined and is currently at 13582
Nikkei Futures Declined and is currently at 25750
Commodity and Currency
Gold Advanced and is currently at 1857
Brent Crude Declined and is currently at 108
USD/INR is flat and is currently at 77
GBP/INR Declined and is currently at 94.6
Nifty 50 Technicals
Max Pain : 16300
PCR : 1.17
RSI : Bearish
MACD : Bearish
Moving Average : Bearish
ATR : Highly Volatile
Bank Nifty Technicals
Max Pain : 34600
PCR : 0.86
RSI : Bearish
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Stock Picks
Bullish Stocks : SRF, Gujarat Gas, and Coal India
Bearish Stocks : Indiabulls Housing Finance, Muthoot Finance, and RBL Bank
Summary
Global Market indicates Bearish Sentiment
Technicals Indicate Bearish Sentiment
Nifty may trade between 16000 - 16300
Bank Nifty may trade between 34000 - 35000
That’s all for today!
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