Market Recap
Nifty Futures opened gap up, Advanced 155 points to Close at 16,169
Bank Nifty Futures opened gap up, Advanced 770 points to close at 35,100
India Vix closed at 22.7 (-10.15%)
FII Sold for INR 1,598 Cr.
DII Bought for INR 2,906 Cr.
Volume Gainers : COAL INDIA, SBI, and TATA STEEL
Volume Losers : ADANI PORTS, ONGC, and RELIANCE
Global Markets
Dow Jones Futures Declined and is currently at 32,550
US VIX is at 27.5 (-3.07%)
NASDAQ Futures Declined and is currently at 12,260
DAX Advanced and is currently at 14,255
Nikkei Futures Advanced and is currently at 26,880
Commodity and Currency
Gold Declined and is currently at 1849
Brent Crude Declined and is currently at 117.8
USD/INR Declined and is currently at 77.6
GBP/INR Advanced and is currently at 97.9
Nifty 50 Technicals
Max Pain : 16,150
PCR : 0.98
RSI : Bearish
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Bank Nifty Technicals
Max Pain : 35,000
PCR : 0.98
RSI : Neutral
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Stock Picks
Bullish Stocks : Torrent Pharma, HDFC Bank, and Zydus Lifesciences
Bearish Stocks : BPCL, Divi’s Labs, and Adani Enterprises
Summary
Global Markets indicate Bullish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 15,900 - 16,400
Bank Nifty may trade between 34,400 - 35,300
That’s all for today!
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