Equity Big Shot- Indian Market View, Vol 119
Finaux Alpha 6 Investment Advisor Pvt LtdSettlement Price
Nifty: 15313.45 (-0.01%)
Bank Nifty: 37098.40 (-0.56%)
USDINR: 72.70. (0.15%)
FII Data (Approx.)
Institution/Daily Net Position/Monthly Net Position (Cash, In crores...)
FII (+1144cr) (+21844cr)
DII (-1559cr) (-12962)
Put Call Ratio/Maximum Pain
NIFTY 1.29/14800
BANK NIFTY 1.00/36000
Nifty Futures
Nifty future has support at 15240 and resistance at 15450
Nifty looks tired at upper levels but still data is not suggesting us to go short in Nifty at current levels. 1st sign of reversal is there in Nifty but we need confirmation.
First all of a perfect closing is important below 15240. Short term trend reversal is only below 14900 levels.
Today, we expect both side movement in ths Nifty futures. Expect to test 15200---15160---15130 levels in intraday and on the upside, it could test 15320---15360---15410
Trade safely...
Bank Nifty Futures
Bank Nifty futures has support at 36800---36000 and resistance at 38000.
Expect both sides movement in next 1---2 trading session. Don't jump for aggressive buying or selling. Use pivot level support and resistance to trade in the market.
Top Pick
EPL... Made a high of 229 but unable to sustain. Try to exit around 225---226 levels.
Tata Motors... Call was not active. Ignore and wait for fresh entry.
Fresh sell Gail futures below 132 with stop loss above 136. Target 128---125.
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