Market Recap
Nifty Futures opened gap down, Declined 267 points to Close at 17,492.
Bank Nifty Futures opened gap down, Declined 670 points to close at 38,333.
India Vix closed at 19.0 (+4.12%)
FII Sold for INR 454 Cr.
DII Sold for INR 85 Cr.
Volume Gainers: ITC, COAL INDIA, and TATA CONSUMER
Volume Losers: TATA STEEL, TATA MOTORS, and ADANI PORTS
Global Markets
Dow Jones Declined and is currently at 33,128
US VIX is at 23.8 (+5.32%)
NASDAQ Futures Declined and is currently at 12,943
DAX Advanced and is currently at 13,233
Nikkei Futures Declined and is currently at 28,450
Commodity and Currency
Gold Advanced and is currently at 1,739
Brent Crude Advanced and is currently at 98.4
USD/INR is Flat at 79.8
GBP/INR Declined and is currently at 93.9
Nifty 50 Technicals
Max Pain: 17,600
PCR: 0.60
RSI: Bearish
MACD: Bearish
Moving Average: Bearish
ATR: High Volatile
Bank Nifty Technicals
Max Pain: 38,500
PCR: 0.58
RSI: Bullish
MACD: Bullish
Moving Average: Bullish
ATR: Low Volatile
Stock Picks
Bullish Stocks: SUN TV, TATA COMMUNICATIONS, and IRCTC
Bearish Stocks: DIVIS LAB, MFSL and HDFC LIFE
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 17,400 - 17,900
Bank Nifty may trade between 38,100 - 39,100
That’s all for today!
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