Market Recap
Nifty Futures opened gap up, Advanced 176 points to Close at 17,378.
Bank Nifty Futures opened gap up, Advanced 372 points to close at 37,939.
India Vix closed at 17.4 (+5.65%)
FII Bought for INR 2,321 Cr.
DII Sold for INR 822 Cr.
Volume Gainers: TATA MOTORS, ONGC, and ITC
Volume Losers: HDFC LIFE, INDUSIND BANK, and SUN PHARMA
Global Markets
Dow Jones Declined and is currently at 32,675
US VIX is at 22.8 (+7.08%)
NASDAQ Futures Declined and is currently at 12,897
DAX Declined and is currently at 13,422
Nikkei Futures Declined and is currently at 27,650
Commodity and Currency
Gold Advanced and is currently at 1,777
Brent Crude Declined and is currently at 103.1
USD/INR Advanced and is currently at 78.9
GBP/INR Advanced and is currently at 96.8
Nifty 50 Technicals
Max Pain: 17,200
PCR: 1.49
RSI: Bullish
MACD: Bullish
Moving Average: Bullish
ATR: Low Volatile
Bank Nifty Technicals
Max Pain: 37,700
PCR: 1.34
RSI: Bullish
MACD: Bullish
Moving Average: Bullish
ATR: Low Volatile
Stock Picks
Bullish Stocks: CIPLA, M&M, and HDFC AMC
Bearish Stocks: IOC, FSL, and CHAMBAL FERTILISERS
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 17,000 - 17,400
Bank Nifty may trade between 37,200 - 38,200
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.