Expect positive opening led by mixed global cues: ICICIdirect

According to ICICIdirect, Nifty is likely to open positive on the back of mixed global cues.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Brokerage Recos - F&O

Dec 01, 2016, 08.50 AM | Source: Moneycontrol.com

Expect positive opening led by mixed global cues: ICICIdirect

According to ICICIdirect, Nifty is likely to open positive on the back of mixed global cues.

Like this story, share it with millions of investors on M3

Expect positive opening led by mixed global cues: ICICIdirect

According to ICICIdirect, Nifty is likely to open positive on the back of mixed global cues.

Post Your Comments

Share Cancel

| 1 Comments

(more)

, ICICIdirect.com |

ICICIdirect's Derivative Report:

Post a flat start, the Nifty saw decent buying and finally surpassed the crucial level of 8200 on the back of fresh long accumulations. With banking leading the chart, the index ended 82 points higher. Nifty futures premium settled at 35 point. India VIX fell 4.9 percent to 16.9.
 
FIIs sold Rs 434 crore while DIIs bought Rs 677 crore in the cash segment. FIIs bought Rs 659 crore in index futures and Rs 481 crore in index options. In stock futures, they bought Rs 371 crore.
 
The highest Put base is at the 8000 strike with 74 lakh shares while the highest Call base is at the 8300 strike with 43 lakh shares. The 8400 and 8600 Call strikes saw additions of 3.6 and 1.4 lakh shares, respectively while the 8200 and 8300 Put strikes saw additions of 3.1 and 1.8 lakh shares, respectively.

Nifty Future: The Nifty is likely to open positive on the back of mixed global cues. Sell Nifty in the range of 8290-8300 for targets of 8240, stop loss: 8320.

Bank Nifty Future: Aggressive short covering was seen just a day prior to the weekly contract expiry. The open interest base has tilted towards the lower band and the index has finally managed to end well above 18700 indicating the current leg of short covering is likely to continue. Buy Bank Nifty in the range of 18500-18550, targets: 18650-18800, stop loss: 18430.

Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Buy, Hold, Sell ? Hear it first on M3
Expect positive opening led by mixed global cues: ICICIdirect

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login