Market Recap
Nifty Futures opened gap down, Declined 312 points to Close at 17,336.
Bank Nifty Futures opened gap down, Declined 1,055 points to close at 39,643.
India Vix closed at 20.5 (+9.45%)
FII Sold for INR 2,900 Cr.
DII Bought for INR 299 Cr.
Volume Gainers: TATA STEEL, ITC, and SUN PHARMA
Volume Losers: POWER GRID, ICICI BANK, and TATA MOTORS
Global Markets
Dow Jones Declined and is currently at 29,539
US VIX is at 29.9 (+9.40%)
NASDAQ Futures Declined and is currently at 11,330
DAX Declined and is currently at 12,270
Nikkei Futures Declined and is currently at 26,330
Commodity and Currency
Gold Declined and is currently at 1,640
Brent Crude Declined and is currently at 86.5
USD/INR Advanced and is currently at 81.2
GBP/INR Declined and is currently at 88.0
Nifty 50 Technicals
Max Pain: 17,500 (-0.84%)
PCR: 0.62 (-29.54%)
RSI: Bearish
MACD: Bullish
Moving Average: Bearish
ATR: Low Volatile
Max Put OI:
17,000 (1,03,195; +12.74%)
16,500 (89,054; +1.76%)
Max Call OI:
18,000 (1,84,367; +72.63%)
18,500 (1,42,222; +61.92%)
Bank Nifty Technicals
Max Pain: 40,000 (-1.71%)
PCR: 0.54 (-28.00%)
RSI: Neutral
MACD: Bullish
Moving Average: Bullish
ATR: Low Volatile
Max Put OI:
38,000 (74,563; +78.74%)
39,500 (61,939; +14.42%)
Max Call OI:
41,000 (1,39,498; +97.16%)
40,500 (1,26,849; +304.04%)
Stock Picks
Bullish Stocks: DABUR, SBI, and APOLLO TYRE
Bearish Stocks: POWER GRID, SBI CARD, and SHRIRAM TRANSPORT FINANCE
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bearish Sentiment
Nifty may trade between 17,000 - 17,900
Bank Nifty may trade between 39,300 - 40,300
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.