Equity Big Shot- Indian Market View, Vol 113

Settlement Price

Nifty: 15115.80 (+0.1.28%)

Bank Nifty: 35983.65 (+0.92%)

USDINR: 72.95 (0.10%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Cash, In crores...)

FII (+1876cr) (+15471cr)

DII (-504cr) (-5217cr)

Buying continues from FII while selling pressure or can say resumption continues from DII's. 

Put Call Ratio/Maximum Pain

NIFTY 1.52/14500

BANK NIFTY 1.03/34300

Stock in News/General News

Reliance :- Relief for frl, dehli high court lifts '' status quo'' order against future retail - reliance deal- 2 a signal judge bench of dehli high court had directed frl, all authorities to maintain status Quo with respect frl- reliance deal

Nifty Futures

Nifty future has support at 15000 and resistance at 15200

Above 15200... Target looks 15450 else it could test it's support level of 15000 again.

Fresh selling we will do on a close below 15000 levels only

Bank Nifty Futures

Bank Nifty future has support at 35350 and resistance at 36200---36700. 

Break and sustain above 36200 will take it to 36450---36700 levels else it could test it's support level of 35800---35350 again. 

Major downside panic will see on a close below 35350 levels only. 

Top Pick

Sell Axis Bank Futures on the ride around 735. Stop loss 770. Target 680---650. (Hold with stop loss. Mode will update soon.)

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