Market Recap
Nifty Futures opened Flat, Declined 17 points to Close at 17,314
Bank Nifty Futures opened Gap Down, Declined 104 points to close at 39, 178.
India Vix Declined 2.6% to close at 18.8
FII Sold for INR 2250 Cr.
DII Sold for INR 545 Cr.
Volume Gainers: ONGC, POWER GRID, ONGC
Volume Losers: COAL INDIA, SBI, ITC
Global Markets
Dow Jones has Declined
US VIX Advanced 2.75% and currently at 31.3
DAX is Bearish
Nikkei is Bearish
Commodity and Currency
Gold has Declined
Brent Crude has Declined
USD/INR is Flat
GBP/INR has Declined
Nifty 50 Technicals
Trend : Positive
Volatility : Neutral
Max Pain: 17, 300
PCR: 0.71
Max Put Addition: 17200 (93%) Max Put Unwinding: 17400 (40%)
Max Call Addition: 17200 (70%) Max Call Unwinding: NA
Bank Nifty Technicals
Trend : Bullish
Volatility : Neutral
Max Pain: 39, 200
PCR: 0.75
Max Put Addition: 38900 (380%) Max Put Unwinding: NA
Max Call Addition: 38900 (953%) Max Call Unwinding: NA
Stock Picks
Bullish Stocks: ZEEL, IRCTC, ZYDUS LIFE
Summary
Global Markets are Bearish
Technicals indicate Bullish Sentiment
Nifty immediate Support and Resistance stand at 17, 200 and 17, 500
Bank Nifty immediate Support and Resistance stand at 38, 500 and 39,500
That’s all for today!
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