Market Recap
Nifty Futures closed at 17010 (-0.6%)
Bank Nifty Futures closed at 38738 (-1.2%)
India Vix Declined and is at 20.29 (+0.5%)
FII Sold for INR 1636 Cr.
DII Bought for INR 753 Cr.
Volume Gainers: HINDALCO, TATA MOTORS, HCLTECH
Volume Losers: WIPRO, ADANI PORTS, SBI
Global Markets
Dow Jones is Bullish
US VIX is at 31.9 (-4.8%)
DAX is Bullish
Nikkei is Bullish
Commodity and Currency
Gold has Advanced
Brent Crude has Advanced
USD/INR has Advanced
GBP/INR has Advanced
Nifty 50 Technicals
Trend : Bearish
Volatility : High
Max Pain: 17, 000
PCR: 0.97
BP : 0.53
Max Put Addition: 16800 (253%)
Max Put Unwinding: 16900(124%)
Max Call Addition: 17000 (410%)
Max Call Unwinding: 17200 (154%)
Bank Nifty Technicals
Trend : Bearish
Volatility : High
Max Pain: 38, 600
PCR: 0.95
BP : 1.92
Max Put Addition: 38200 (216%)
Max Put Unwinding: 39000 (98%)
Max Call Addition: 38600 (1417%)
Max Call Unwinding: 38900 (193%)
Stock Picks
Bullish Stocks: HCL, CASTROLIND, SUNPHARMA
Bearish Stocks: DABUR, PVR, AUBANK
Summary
Global Markets are Bearish
Technicals indicate Bullish Sentiment
Nifty immediate Support and Resistance stand at 16, 800 and 17, 200
Bank Nifty immediate Support and Resistance stand at 38, 400 and
38,900
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.