SENSEX NIFTY
Feb 25, 2013, 08.56 AM IST | Source: Moneycontrol.com

Nifty likely to open flat: ICICIdirect.com

According to derivative report by ICICIdirect.com, the Nifty is likely to open flat on the back of flattish Asian cues. It is likely to trade in the range of 5820-5890.

According to derivative report by ICICIdirect.com, the Nifty is likely to open flat on the back of flattish Asian cues. It is likely to trade in the range of 5820-5890.

After opening flattish, the Nifty traded choppy throughout the session. It finally closed flat. FIIs were net buyers in the cash segment to the tune of | 280 crore (provisional) while they were net sellers in index futures to the tune of | 699 crore. They, however, bought stock futures to the tune of | 371 crore.  India VIX went down from 16.94 to 16.79 (down 0.9percent).  In the options space, on the Call side, Nifty 6100 Call saw closure of 0.35 million shares whereas marginal additions were seen in 5800 and 5900 Call. On the Put side, Nifty 5700 Put added 1.2 million shares followed by the 5900 Put, which added 0.7 million shares.

Nifty Outlook:

Nifty: The Nifty is likely to open flat on the back of flattish Asian cues. It is likely to trade in the range of 5820-5890. The trading strategy would be to create short positions if the Nifty resists at around 5877 levels for targets of 5845 and 5830. On the other hand, one can also create long positions if it takes support at around 5820 levels.

Bank Nifty: The Bank Nifty is likely to trade in the range of 11950-12180.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

 

To read the full report click here

READ MORE ON  ICICIdirect.com, Nifty

ADS BY GOOGLE

video of the day

Go for midcaps in cement space, bullish BPCL, IOC: HDFC Sec

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.