Closing Update : Tracking Strong global cues indices opened with gap up and sustained at higher levels and saw buying interest at lower levels.
If we look at broader markets sector wise – Nifty Media, Financial Services and Reality sectors were the top 3 gainers where as Pharma and Energy sectors were on losing side.
Top gainers were HDFC Life, Bajaj FinServ and Tata Consumer in Nifty50 stocks whereas ONGC, Hindalco and JSW Steel were the top losers.
India VIX cooled off almost 3% to close at 20.61.
Lets check out the Indices Charts and Technicals for today :
Nifty Futures opened higher above its previous resistance level and traded higher throughout the day to close below its next resistance level of 17508-17538 on Positive note. With today’s move Nifty Futures may remain strong in tomorrow’s trade if manages to hold lowest support levels.
Bank Nifty Futures traded higher above its resistance levels and closed above its resistance. Outlook for Bank Nifty Futures will remain Bullish as ling as it manages to hold lowest support levels. Volatility may remain in Indices owing to Monthly expiries tomorrow.
Here are the charts of Index Futures as of today’s close :
NIFTY Futures :
Bank Nifty Futures :
Disclaimer: The views are in line with the pure chart study, no pre-defined geopolitical factors are considered. Also, we strictly advise not to take any positions just based on the above views. For regular intraday recommendations, you must have our premium subscription.