Pre-market action: Here's the trade setup for today's session
«The move shows that bulls are in control thus participants should continue with a “buy on dips” approach until Nifty decisively breaks the 21,800 level. At the same time, we are seeing a mixed trend within the sectors so participants should maintain extra caution in stock selection and prefer counters with higher relative strength,» Ajit Mishra, SVP — Technical Research, Religare Broking
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: Having breached the recent highs of 22249, the Nifty is expected to move towards the next upside target of 22500-22600 levels in one week. Immediate support is at 22050, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 4.28% to settle at 15.20 levels.
Stocks in F&O ban today
1) Hindustan Copper
2) India Cements
3) Indus Tower
4) Canara Bank
5) ZEE
6) RBL Bank
7) GNFC
8) Nalco
9) Biocon
10) SAIL
11) Bandhan Bank
12) Balrampur Chini Mills
13) GMR Infra
14) Piramal Enterprises
15) PVR Inox
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit
FII/DII action
Foreign portfolio investors were net sellers at Rs 1,410 crore on Thursday. DIIs, meanwhile, bought shares worth Rs 1,823 crore.
Rupee
The rupee appreciated 11 paise to close at 82.85 against the US dollar on Thursday, tracking the broad weakness of the American currency in the overseas market.
FII data
The net short of FIIs
