Nifty Activity
Since the beginning of January series, we witnessed long formation in Nifty futures and a decent amount of longs rolled over are also in the system. Stronger hands too turned net buyers in equities and index futures segment on Wednesday’s session. At the same time, index put writers continued adding a good amount of positions in ATM strike. Considering the above data points, we maintain our positive stands on the market and expect Nifty to soon surpass 11,000 mark
A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and a small lower shadow
Markets will react to the TCS results in early trades on Friday and then anxiety of another IT major, Infosys results would take over. In short, IT pack would lead the market in the next session
According to Pivot charts, the key support level is placed at 10,795.83, followed by 10,770.07. If the index starts moving upward, key resistance levels to watch out are 10,853.33and then 10,885.0710
10-Jan-2019 FII/FPI/DII Trading Activity (Rs. Cr)
10-Jan-2019 FII/FPI/DII Trading Activity (Rs. Cr)
Category
|
Buy
Value
|
Sell
Value
|
Net
Value
|
FII/FPI
|
4018.48
|
4363.06
|
-344.58
|
DII
|
3390.9
|
3379.92
|
10.98
|
