Stock Cash Tips | Equity Tips:- Investment Visor

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Nifty may open on negative note: Investment Visor

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 14.5 points at the opening bell, says Maximus Securities. 

Nifty hits 7500, Sensex firm; SBI, ICICI, TCS drag

The market has opened flat on Tuesday but soon gained strenght. The Nifty hit 7500, up 16.55 points and the Sensex is up 50.62 points or 0.2 percent at 24697.10. Hindalco, ONGC, Coal India, Infosys and HDFC are top gainers and SBI, ICICI Bank, TCS, Lupin and Adani Ports were losers.

Investment Visor Daily Report:

 

F&O Outlook: Nifty PCR-OI has decreased to 1.13 from 1.14. Fall in the ratio may be due to decrease in PE of 6900 and increase in CE of 7500. PE of 7200 and CE of 7500 are the highest number of contracts traded.

Opening for the Day: Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 14.5 points at the opening bell.

Nifty may open flat to positive: ICICI direct Nifty is likely to open flat to positive on the back of weak Asian cues. It is likely to trade in the range of 7380-7500, says ICICI direct. 

ICICI direct's Derivative Report: The Nifty saw consolidation after witnessing a sharp rally for three day in a row. Towards the end, it ended almost flat only 10 points higher. Nifty futures settled in a discount of 25 point. India VIX fell 1.1 percent to 17.8. 

FIIs bought Rs 672 crore while DIIs sold Rs 533 crore in the cash segment. FIIs bought Rs 147 crore in index futures and sold Rs 246 crore in index options. In stock futures, they bought Rs 300 crore. 

The highest Put base is at 7000 strike with 71 lakh shares while the highest Call base is at 7500 Call strike with 59 lakh shares. The 7500 and 7600 Call strikes saw additions of 7.1 and 4.8 lakh shares, respectively. The 7400 and 7500 Put strikes saw additions of 4.1 and 3.9 lakh shares respectively.

Nifty Future:

The Nifty is likely to open flat to positive on the back of weak Asian cues. It is likely to trade in the range of 7380-7500. Buy Nifty in the range of 7400-7410 for targets of 7440-7460, stop loss: 7385. 

Bank Nifty Future: The index witnessed a sharp rally towards the end on the back of fresh long additions in banking stocks. Looking at the options data, we feel the index is likely to consolidate in a broader range. Buy Bank Nifty in the range of 15140-15190, targets: 15300-15400, stop loss: 15100.\

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