Market Recap
Nifty Futures opened gap up, Advanced 412 points to Close at 16,255
Bank Nifty Futures opened gap up, Advanced 711 points to close at 34,308
India Vix closed at 22.7 (-7.3 %)
FII Sold for INR 2,192 Cr.
DII Bought for INR 2,294 Cr.
Volume Gainers : HINDALCO, COAL INDIA, and TATA MOTORS
Volume Losers : Not Significant
Global Markets
Dow Jones Futures Advanced and is currently at 32,590
US VIX is at 26.1 (-5%)
NASDAQ Futures Declined and is currently at 12,550
DAX Advanced and is currently at 14,230
Nikkei Futures Advanced and is currently at 27,040
Commodity and Currency
Gold Declined and is currently at 1811
Brent Crude Declined and is currently at 112.5
USD/INR Declined and is currently at 77.4
GBP/INR Advanced and is currently at 96.6
Nifty 50 Technicals
Max Pain : 16,200
PCR : 1.06
RSI : Bearish
MACD : Bearish
Moving Average : Bearish
ATR : High Volatile
Bank Nifty Technicals
Max Pain : 34,100
PCR : 0.9
RSI : Bearish
MACD : Bearish
Moving Average : Bearish
ATR : High Volatile
Stock Picks
Bullish Stocks : MCX, ASIAN PAINTS, and ABBOT INDIA
Bearish Stocks : FEDERAL BANK, INDIGO, SHREE CEMENT
Summary
Global Markets indicate Bullish Sentiment
Technicals Indicate Bearish Sentiment
Nifty may trade between 15,900 - 16,300
Bank Nifty may trade between 33,400 - 34,500
That’s all for today!
We are not SEBI Registered Advisors, Trading in Stocks comes with risk, content is for educational purposes, please contact your financial advisor before taking any trades.