Market Recap
Nifty Futures opened gap up, Declined 25 points to Close at 16,833.
Bank Nifty Futures opened gap up, Advanced 51 points to close at 37,861.
India Vix closed at 21.3 (-3.59%)
FII Sold for INR 3,599 Cr.
DII Bought for INR 3,162 Cr.
Volume Gainers: TATA STEEL, TATA MOTORS, and ONGC
Volume Losers: ICICI BANK, ADANI PORTS, and HDFC BANK
Global Markets
Dow Jones Declined and is currently at 29,253
US VIX is at 31.8 (+5.50%)
NASDAQ Futures is Flat at 11,268
DAX Advanced and is currently at 12,013
Nikkei Futures Declined and is currently at 26,000
Commodity and Currency
Gold Advanced and is currently at 1,661
Brent Crude Declined and is currently at 88.6
USD/INR Advanced and is at 81.4
GBP/INR is flat currently at 90.9
Nifty 50 Technicals
Max Pain: 16,900 (-0.58%)
PCR: 0.77 (+32.75%)
RSI: Bearish
MACD: Bearish
Moving Average: Bearish
ATR: Low Volatile
Max Put OI:
16,000 (48,737; +73.58%)
16,500 (33,826; +67.59%)
Max Call OI:
17,000 (78,290; +189.07%)
17,500 (55,463; +154.68%)
Bank Nifty Technicals
Max Pain: 37,800 (-1.04%)
PCR: 0.61 (+19.60%)
RSI: Bearish
MACD: Bearish
Moving Average: Bearish
ATR: Low Volatile
Max Put OI:
36,000 (42,251; +283.54%)
37,000 (28,418; +212.42%)
Max Call OI:
39,000 (53,526; +249.40%)
38,000 (38,741; +239.92%)
Stock Picks
Bullish Stocks: SUN PHARMA, GLENMARK, and TATA CHEM
Bearish Stocks: INDIGO, TECH MAHINDRA, and L&T
Summary
Global Markets are Flat to Bearish
Technicals indicate Bearish Sentiment
Nifty may trade between 16,800 - 17,000
Bank Nifty may trade between 37,400 - 38,100
That’s all for today!
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