Market Recap
Nifty Futures closed at 17114 (0.8%)
Bank Nifty Futures closed at 39214 (1.04%)
India Vix Declined and is at 20.17 (-1.5%)
FII Sold for INR 542 Cr.
DII Bought for INR 85 Cr.
Volume Gainers: AXIS BANK, POWERGRID, NTPC
Volume Losers: ICICI BANK, AIRTEL, ADANIENT
Global Markets
Dow Jones is Flat
US VIX is at 33.5 (-0.18%)
DAX is Bearish
Nikkei is Bearish
Commodity and Currency
Gold has Declined
Brent Crude has Advanced
USD/INR has Advanced
GBP/INR has Advanced
Nifty 50 Technicals
Trend : Bearish
Volatility : High
Max Pain: 17, 100
PCR: 0.99
BP : 0.29
Max Put Addition: 17000 (84%)
Max Put Unwinding: NA
Max Call Addition: 17000 (12%)
Max Call Unwinding: 16900 (36%)
Bank Nifty Technicals
Trend : Bullish
Volatility : High
Max Pain: 39, 100
PCR: 0.87
BP : 0.26
Max Put Addition: 39100 (216%)
Max Put Unwinding: NA
Max Call Addition: 39500 (29%)
Max Call Unwinding: 38700 (49%)
Stock Picks
Bullish Stocks: DEEPAKNTR, METROPOLIS, FEDERALBANK
Bearish Stocks: ADANI GREEN, AJANTPHARM, INDIGO PANTS
Summary
Global Markets are Bearish
Technicals indicate Bullish Sentiment
Nifty immediate Support and Resistance stand at 17, 000 and 17, 300
Bank Nifty immediate Support and Resistance stand at 39, 000 and 39,500
That’s all for today!
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