Equity Big Shot- Indian Market View, Vol 118

Settlement Price

Nifty: 15314.70 (+1.00%)

Bank Nifty: 37306.25 (+3.32%)

USDINR: 72.5930. (-0.01%)

FII Data (Approx.)

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

FII (+1234cr) (+20700cr)

DII (-1048cr) (-11403)

Put Call Ratio/Maximum Pain

NIFTY 1.57/14800

BANK NIFTY 1.57/35500

Stock in news

Wipro, Titan, Tech Mahindra

Nifty Futures

Nifty future has support at 145240 and resistance at 15360

Abobe 15360... Catch it with stop loss below 15240. Target looks 15480---15550 and then to 15740 levels.

Keep stop loss below 15240.

Bank Nifty Futures

As expected, Bank Nifty future skyrockted in yesterday's trading session. Bank Nifty futures has support at 36400 and resistance at 38000. 

Trade with positive sentiments. Chances are bright for the upside movement in Bank Nifty. So any sharp downside panic till 37100---36900 will be the best buying opportunity with stop loss below 36400 on a closing basis.

Top Pick

Short term pick... Buy EPL above 225. Stop loss below 200. Target 275+++ (Hold long with stop loss)

(Positional) Buy Tata Motors in cash above 338. Stop loss below 210. Target 420+++

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