Market Recap
Nifty Futures opened flat, Advanced 270 points to Close at 17,103.
Bank Nifty Futures opened flat, Advanced 984 points to close at 38,631.
India Vix closed at 19.9 (-6.27%)
FII Sold for INR 1565 Cr.
DII Bought for INR 3245 Cr.
Volume Gainers: TATA STEEL, POWERGRID, and HINDALCO
Volume Losers: COALINDIA, ITC, and ADANIENT
Global Markets
Dow Jones is Flat at 28,842
US VIX is at 31.62 (-0.69%)
NASDAQ Futures Declined and currently at 11,010
DAX Declined and is currently at 11932
Nikkei Futures is Flat at 25980
Commodity and Currency
Gold Advanced and is currently at 1,668
Brent Crude Advanced and is currently at 88.9
USD/INR Advanced and is at 81.5
GBP/INR Declined and is currently at 90.94
Nifty 50 Technicals
Max Pain: 17, 000 (+0.5%)
PCR: 1.15 (+49.75%)
RSI: Bullish
MACD: Bullish
Moving Average: Bearish
ATR: Low Volatile
Max Put OI:
-
16,800 (89 715; +108%)
-
16900(66 000, + 34%)
Max Call OI:
-
17,500 (89,778; +61%)
-
17,600 (68,000; +100%)
Bank Nifty Technicals
Max Pain: 37,800 (1.8%)
PCR: 1.07(+75.60%)
RSI: Bullish
MACD: Bullish
Moving Average: Bearish
ATR: Low Volatile
Max Put OI:
-
37,500 (73,330; +65%)
-
38,000 (68,035; +212%)
Max Call OI:
-
39,000 (50,706; -6%)
-
38,500 (40,685; +21%)
Stock Picks
Bullish Stocks: ABBOTINDIA, ALKEM LAB
Bearish Stocks: BHARAT FORGE, HDFC BANK, RECLTD
Summary
Global Markets indicate Bearish Sentiment
Technicals indicate Bullish Sentiment
Nifty may trade between 16,900 - 17,200
Bank Nifty may trade between 38,000 - 39,000
That’s all for today!
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