NIFTY MORNING OUTLOOK
Pre-Market Thursday! Asian market positive territory Nifty50 on the SGX were trading at 10020 +31.5 points on indicating gap up opening for the NSE.
On Wednesday, The Nifty 50 index fell 32.15 points or 0.32% to settle at 9,984.80, The Nifty fell 61.15 points, or 0.61% at the days low of 9,955.80 in mid-afternoon trade. The index rose 50.30 points, or 0.50% at the days high of 10,067.25 in midmorning trade.
The biggest gainers of the session on the Nifty50 were Bharti Airtel Ltd. which rose 4.93% or 18.95 points to trade at 403.55 at the close. Hindustan Petroleum Corporation Ltd added 4.23% or 18.45 points to end at 455.00 and Bharti Infratel Ltd was up 2.66% or 10.65 points to 410.50 in late trade.
Biggest losers included Yes Bank Ltd, which lost 2.65% or 9.90 points to trade at 363.00 in late trade. Vedanta Ltd declined 2.37% or 7.60 points to end at 313.40 and State Bank of India shed 2.02% or 5.20 points to 251.75.
On the NSE stocks movement 1748 fell and 885 advanced, while 99 ended unchanged.
Rupee desk: The USD/INR was down 0.14 to 65.29
CASH FLOW ANALYSIS FII DII
Activity 11 th October 2017. In the cash market in the cash market today, In the cash market today, FII’s sold 107 crores stock whereas DII’s bought 233 crores worth of stock. In the derivative market, FII’s bought 767 crore of Index futures and bought 485 crores worth of Index options. In the Stock futures segment, FII’s bought 884 crores worth of stock futures and sold 37 crores stock options.
Trading Pattern analysis according to the previous session movement in nifty is bearish pattern after the two days of doji pattern which signals bears are trying to take control of the market at the higher levels. Index, after 7 days of higher highs and higher lows neglected the trend to close near the lows of the day. As a surprise FII’s have bought 767 crores in the futures after two days of selling. Take fresh short if nifty trades below 9,940 and our view of 9,850-9750 levels. Key resistance holds at 10040.
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