binuppaul

binuppaul

As discussed in our study yesterday, the index was not able to sustain above 16120 and the witnessed a move to lower levels and close below 16000 yesterday. Options OI build up in the weekly expiry suggest 15800 -15700 to be a support area. On the upside move towards 16100 could see fresh shorts getting added. For the day the market can remain range bound and...

binuppaul Updated 

NIFTY could not hold on to the gains made last week and closed below 16100 yesterday. With the CPI data coming in a bit lower than the last period, there can be some sentiment positive in the market. However the fact that the CPI is still above 7 percent is a cause of worry for the markets, especially for the banking space. We may see an opening with a positive...

binuppaul

As discussed in our study yesterday ( April 4) the index could not convincingly close above 18060 levels and consequently got dragged to test the strength of 17900 levels. The call writers who wanted to keep NIFTY below 18000 managed to do so for the day and the put writers had to give in some ground that they gained yesterday and last week. In the absence of any...

binuppaul

After keeping the index near to 16900 levels for most part of the day the bearish positions built near 16900-17000 strikes seem to have given up. The index comfortably closed above the 16900 mark and is seen to be headed towards 17300 levels. The global markets also were green through out the trading session which probably added to the confidence of the bulls....