Market Recap
Nifty Futures opened gap down, Advanced 111 points to Close at 16,475
Bank Nifty Futures opened gap down, Advanced 120 points to close at 35,131
India Vix closed at 19.1 (-3.52%)
FII Sold for INR 1,513 Cr.
DII Bought for INR 1,625 Cr.
Volume Gainers : ONGC, ITC, and RELIANCE
Volume Losers : NTPC, TATA MOTORS, and SBI
Global Markets
Dow Jones Futures Declined and is currently at 32,240
US VIX is at 26.09 (+8.89%)
NASDAQ Futures Declined and is currently at 12,320
DAX Declined and is currently at 14,075
Nikkei Futures Declined and is currently at 27,780
Commodity and Currency
Gold Declined and is currently at 1,846
Brent Crude Declined and is currently at 124.1
USD/INR Advanced and is currently at 77.8
GBP/INR Declined and is currently at 97.08
Nifty 50 Technicals
Max Pain : 16,450
PCR : 1.19
RSI : Neutral
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Bank Nifty Technicals
Max Pain : 35,000
PCR : 0.87
RSI : Neutral
MACD : Bearish
Moving Average : Bearish
ATR : Low Volatile
Stock Picks
Bullish Stocks : BIOCON, MGL and COLPAL
Bearish Stocks : LIC Housing Finance, SBI Card, and Balrampur Chini Mills
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 16,300 - 16,600
Bank Nifty may trade between 34,500 - 35,200
That’s all for today!
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