After RBI policy Nifty lost all its gains and ended at 8114.05 (-29.10). Market expected Rate cut from RBI but no changes in rate triggered sharp down in nifty and managed to recover some of its loss. Eicher motors and BPCL top gainer in nifty pack supported by HERO TATAMOTORS & M&M. Banking stocks seen sharp fall Bank of baroda down by 3.14%. Metal & Energy index managed to close at green. Overall trend is up till market holds 8050 levels and resistance at 8300.
Wednesday, December 7, 2016
Monday, November 28, 2016
End of day analysis 28/11/2016
Nifty ended flat today in volatile session and ended green just up by 4 points. Banking stocks under pressure and bank nifty down more than 1% lead by SBIN. FMCG stocks did well in todays trading session lead by MCDOWELL ITC & HINDUNILVR.
bHARTI ARTL seen sharp bounce bank of more than 6% is the top gainer in Nifty stocks.
Stocks to watch in next trading session as per open interest builtup are MARUTI, CEAT & ENGINEERSIND. (Buy dips preferred)
As per options analysis NIFTY trying to make base at 8000 levels and immediate resistance at 8300. In options 8000CE seen shorts covering, so bears are losing control over 8000 levels. Wait and watch further developments in next trading session.
Overall preference to buy dips till nifty holds 8000 levels
Happy trading day.
bHARTI ARTL seen sharp bounce bank of more than 6% is the top gainer in Nifty stocks.
Stocks to watch in next trading session as per open interest builtup are MARUTI, CEAT & ENGINEERSIND. (Buy dips preferred)
As per options analysis NIFTY trying to make base at 8000 levels and immediate resistance at 8300. In options 8000CE seen shorts covering, so bears are losing control over 8000 levels. Wait and watch further developments in next trading session.
Overall preference to buy dips till nifty holds 8000 levels
Happy trading day.
Friday, November 25, 2016
End of day analysis 25/11/2016
December F&O series started with bank Nifty up by 110 points and reclaimed 8100 marks easily . Strong dollor triggered rally in IT stocks. IT index up by 4.52 % lead by TECHM TCS & INFY. Pharma stocks equally supported Nifty move lead by Sunpharma Auropharma and Lupin. Advance decline ratio was infavour of bulls. Shorts covering triggered some of the stocks.
In F&O space stocks like REC & PFC added considerable number of contracts in todays trading session, So i expect some big moves in these stocks. Watchout this in coming days.
IT stocks continue to perform well as per todays move , buy dips preferred TCS & TECHM
Options Analysis: 8500CE having highest open interest is the strong resistance for Nify. 8000PE having high open interest will support nifty at 8000 spot levels. Bulls should hold 8000 levels in coming sessions for further upmove, any dip will attract buy.
In F&O space stocks like REC & PFC added considerable number of contracts in todays trading session, So i expect some big moves in these stocks. Watchout this in coming days.
IT stocks continue to perform well as per todays move , buy dips preferred TCS & TECHM
Options Analysis: 8500CE having highest open interest is the strong resistance for Nify. 8000PE having high open interest will support nifty at 8000 spot levels. Bulls should hold 8000 levels in coming sessions for further upmove, any dip will attract buy.
Wednesday, November 23, 2016
End of Day Analyis 23/11/2016
Nifty extended its gains and up by 26 points lead by Pharma stocks. In pharma sector Lupin top gainer, up by 4%. Metal sector equally supported nifty today Hindalco tatasteel Vedl seen very good upmove. HDFC bank and Hdfc ltd is nifty losers in todays trading session. Since expiry tomrow market will see volatile moves with stock specific action.
In midcap space IBREALEST is the star performer was up by more than 8%.
Nifty 8200 level is strong resistance & 8000 is strong support, buy dips is preferred with stock specific action.
Be careful with expiry moves tomrow trading session
In midcap space IBREALEST is the star performer was up by more than 8%.
Nifty 8200 level is strong resistance & 8000 is strong support, buy dips is preferred with stock specific action.
Be careful with expiry moves tomrow trading session
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