Sunday, March 20, 2016

EOD ANALYSIS 18/03/2016

NIFTY SPOT : 7604.35

In todays trading session nifty strongly closed above 7600 psychological level and nifty is in bullish mode further gains expected in coming sessions.

Metals & Banking sector is star performer of the day lead by Vedanta & Hindalco

INDEX FUTURES:

FII continuously adding long index futures and as per FII data bullishness can be seen in coming sessions. Buy dips is best strategy in this market. FII added 16113 long index futures and 8419 short positions added by them.

INDEX OPTIONS:

FII added 20660 long index call options and 4181 contracts of long index put options added by them. Looks like further bullishness in coming sessions.

Buy dips and go with FII flow.

Goodluck

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