Fundamental News
- Hero Motocorp. to declare results.
Global Markets
- US markets ended mixed.
- Asian markets are up. ✅
- SGX Nifty is slightly up. ✅
Pre-Market View
SGX NIfty indicates a gap-up opening. Expiry sessions are generally range-bound.
Intraday Trade Setups
Zone Rejection:
- Both Nifty and Bank-Nifty both opened gap-up of 0.25%.
- At 09:50 am, nifty created a strong sell bar at day's high.
Reversal Trade:
- At 11:30 am and 11:50 am, nifty and bank-nifty after creating a double bottom, gave a buy signal bar.
Market Breadth:
- Nifty metal was the biggest gainer.
- Nifty psubank was the lagger.
- HINDALCO was the top gainer in Nifty 50 with 5.67% gain.
- UPL was the top loser in Nifty 50 ending at -1.43%.
- Nifty 50 advances: 35
- Nifty 50 declines: 15
Trade Plan for Next Session:
- Today both the markets were again quite choppy.
- Today, FIIs were net buyers for 1222 crores while DIIs were net sellers for 632 crores.
- Expiry session was range-bound as expected. A big move may happen soon as market has contracted quite a bit.