Thursday, 27 October 2016

See negative opening led by weak global cues: ICICIdirect

According to ICICIdirect, Nifty is likely to open negative on the back of weak global cues. 

After facing difficulty in sustaining above 8700, the Nifty saw a sharp sell-off on the back of huge selling by FII. With selling clearly visible in all sectors, the index ended 80 points lower. Nifty futures premium settled at 2 points. India VIX fell 0.4 percent to 14.4.

FIIs sold Rs 1451 crore while DIIs bought Rs 990 crore in the cash segment. FIIs sold Rs 232 crore in index futures and bought Rs 764 crore in index options. In stock futures, they sold Rs 388 crore.

The highest Put base is at the 8500 strike with 51 lakh shares while the highest Call base is at the 8800 strike with 60 lakh shares. The 8700 and 8600 Call strikes saw additions of 12.4 and 6.3 lakh shares, respectively, while the 8700 and 8600 Put strikes saw reductions of 22.5 and 12.9 lakh shares, respectively.

Nifty Future: The Nifty is likely to open negative on the back of weak global cues. Sell Nifty in range of 8640-8650 for target of 8600-8580, stop loss: 8665.

Bank Nifty Future: On the back of a huge sell-off seen in Axis Bank after the quarterly number, few other banking stocks also remained under pressure. The index ended below the sizeable Put base of 19500. We feel that if Bank Nifty does not move above 19600 in the initial hours of the trade then follow-up selling can be seen. However, a sharp move can be seen above 19600. Buy Bank Nifty in the range of 19580-19620, targets: 19750-19850, stop loss: 19500.

Disclaimer: The views and investment tips expressed by investment experts on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.


Geet Khare said...

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#Performance of the Day (27th Oct 2016)

#Equity Profit Buzz Performance (27th Oct 2016)
1. HCLTECH (Profit Rs 5/share)
2. AUROPHARMA (Loss Rs 10/share)
3. BATAINDIA EQ (Loss Rs 4/Share)

#Derivative Profit Buzz Performance (27th Oct 2016)
1. HCLTECH (Profit Rs 2800/Lot)
2. BATAINDIA FO (Profit Rs 4400/Lot)
3. AUROPHARMA (Loss Rs 7000/Lot)

#Nifty Profit Buzz Performance (27th Oct 2016)
1. NIFTY (Profit Rs 2250/Lot)
2. BANKNIFTY (Profit Rs 6000/Lot)

#Option Profit Buzz Performance (27th Oct 2016)
1. CENTURYTEX 920PE Delivery (Profit Rs 14300/Lot)
2. RELINFRA 540PE Nov (Profit Rs 6045/Lot)

#Jackpot Profit Buzz Performance (27th Oct 2016)
1. AXISBANK (Exit Cost to Cost)

#Multi Profit Buzz Performance (27th Oct 2016)
1. HCLTECH (Profit Rs 5/share & Rs 2800/Lot)
2. AUROPHARMA (Loss Rs 10/share & Rs 7000/Lot)
3. BATAINDIA EQ (Loss Rs 4/Share)
4. #BATAINDIA FO (Profit Rs 4400/Lot)
5. NIFTY (Profit Rs 2250/Lot)
6. BANKNIFTY (Profit Rs 6000/Lot)
7. #CENTURYTEX 920PE Delivery (Profit Rs 14300/Lot)
8. RELINFRA 540PE Nov (Profit Rs 6045/Lot)

Geet Khare said...

Equity benchmarks recovered early losses with the Nifty rising over 8600 level on first day of November series. Select Tata Group stocks like Tata Motors and Tata Steel rebounded sharply on short covering after sharp sell-off in previous three consecutive sessions due to Tata-Mistry issue.capitalstars

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Geet Khare said...

The rupee opened higher by seven paise at 66.72/$ as against the previous close of 66.79/$.capitalstars