Read more at http://www.ripplesadvisory.com/nifty-future-.php
Nifty
The Nifty settled with tiny gains after what was a range bound and lackluster trading session. The IT space saw short covering while weakness was seen in the pharma and FMCG space. Nifty futures settled at a premium of 16 points. FIIs turned buyers in the last session as they bought Rs 504 crore in equities while DIIs sold Rs 225 crore. FIIs bought Rs 243 crore in index futures and also bought Rs 851 crore in index options. In stock futures, they bought Rs 76 crore.
Nifty Bank
On the back of mixed activity, the index ended marginally above 20200. However, SBI remained firm after quarterly numbers, which provided some cushion to the index. We feel the index has a decent support near 20000 and is well placed to retest the levels of 20500 in coming days.
Nifty Future
The Nifty is likely to open gap up on the back of strong global cues. Buy Nifty in the range of 8785-8795 for targets of 8845-8865, stop loss: 8765.
Nifty Bank Future
On the back of mixed activity, the index ended marginally above 20200. However, SBI remained firm after quarterly numbers, which provided some cushion to the index. We feel the index has a decent support near 20000 and is well placed to retest the levels of 20500 in coming days.
No comments:
Post a Comment