Market Recap
Nifty Futures opened gap up, Advanced 316 points to Close at 16,643
Bank Nifty Futures opened gap up, Advanced 248 points to close at 35,880
India Vix closed at 19.98 (-6.98%)
FII Bought for INR 502 Cr.
DII Bought for INR 1,524 Cr.
Volume Gainers : TATA MOTORS, M&M, and INFOSYS
Volume Losers : JSW STEEL, ITC, and KOTAK MAHINDRA BANK
Global Markets
Dow Jones Futures Declined and is currently at 33,130
US VIX is at 26.5 (-3.19%)
NASDAQ Futures Declined and is currently at 12,730
DAX Declined and is currently at 14,534
Nikkei Futures Declined and is currently at 27,270
Commodity and Currency
Gold Declined and is currently at 1,847
Brent Crude Advanced and is currently at 121.5
USD/INR Advanced and is currently at 77.6
GBP/INR Declined and is currently at 97.8
Nifty 50 Technicals
Max Pain : 16,500
PCR : 1.28
RSI : Neutral
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Bank Nifty Technicals
Max Pain : 35,700
PCR : 0.91
RSI : Bullish
MACD : Bearish
Moving Average : Bullish
ATR : Low Volatile
Stock Picks
Bullish Stocks : Tata Power, M&M Financial Services, and Idea
Bearish Stocks : Muthoot Finance, SBI, and Hindalco
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 16,200 - 16,800
Bank Nifty may trade between 35,200 - 36,100
That’s all for today!
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