Monday, 18 January 2016

See flat opening led by mixed global cues: ICICIdirect


Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 7450-7570, says ICICIdirect.

The Nifty continued to slide further and ended near Thursday’s low. The selling in all major sectors led the Nifty as well to end down losing 100 points. Nifty futures settled at a premium of 8 points. India VIX rose 4.3 percent to 19.4.

FIIs sold Rs 1124 crore while DIIs bought Rs 689 crore in the cash segment. FIIs bought Rs 158 crore in index futures and sold Rs 1087 crore in index options. In stock futures, they bought Rs 794 crore.

The highest Put base is seen at the 7300 strike with 65 lakh shares while the highest Call base is at the 7700 strike with 68 lakh shares. The 7600 and 7700 Call strikes saw an addition of 6.4 and 9.7 lakh shares, respectively. The 7500 and 7600 Put strikes saw reductions of 8.1 and 3.0 lakh shares, respectively.

Nifty Future: The Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 7450-7570. Sell Nifty in the range of 7470-7480 for targets of 7440-7420, stop loss: 7495.

Bank Nifty Future: After sliding below the crucial level of 15500, the index saw aggressive addition on the short side. However, positions on the Put side had shifted to 15000 and 14800 strike Puts. We feel the bounce can be utilised to create fresh short positions. Sell Bank Nifty in the range of 15380-15440, targets: 15300-15200, stop loss: 15520.

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2 comments:

Stock Tips Guru said...

Interesting blog for getting stock market update daily and it is a very knowledgeable blog.

Khushi Pawar said...

very informative news shearing by you about share market ...
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