Expect market to open on a flat note on account of global cues. US Dow gained 1% after the Trump administration signaled progress on trade negotiations and U.S. Commerce Secretary Wilbur Ross said the nation will delay restrictions imposed on some business operat...
For today, the Nifty has to maintain itself above 11070 – 11100 for the bulls to remain in control. If that is possible the Nifty would be heading to test levels of around11180. A move below 11040 will strengthen the Bears and the next support is at around the10970.
Market update: Nifty has reversed from 11150. key support level is placed at 11,012, followed by 10,970. If the index starts moving upward, key resistance levels to watch out for are 11,121 and 11,188.
Hope rally is going on in global markets but in Indian market FII clearly shows that are not interested on Long side...Y'day FII unwind their Index & stock future at important levels it means small pull back also be sold. FII & Pro added 40k short calls & 20k Long...
Disclaimer: All my Views/Suggestions/Calls are for Education Purpose Only. Please consult with your financial adviser before any Trade. All Equity and FNO Trades are subject to Systematic and Non Systematic Market Risk.
FII's Net Seller with -305 and DII's Net Buyers 386.. The confidence of the DII's continue. FII's could be selling becuase of the global pressure also. Moreover, the Indian government is working on impetus which could change the sentiments for them.
AS PER CLOSING DATA NO FRESH SHORTS IN BANKNIFTY TODAY FALL IS JUST BECAUSE OF LONG BOOKING AS BANKNIFTY EXACT CLOSE AT 28200 SO BUYER AND SELLERS BOTH ARE IN RISK NIFTY ALSO TODAY NO MAJOR POSITION BUILED
Trade Setup for Thursday: Top 15 things to know before Opening Bell https://www.moneycontrol.com/news/business/markets/trade-setup-for-thursday-top-15-things-to-know-before-opening-bell-40-3371461.html