Nifty may open flat led by mixed global cues: ICICIdirect

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

Home » News » Brokerage Recos - F&O

Oct 19, 2016, 08.56 AM | Source: Moneycontrol.com

Nifty may open flat led by mixed global cues: ICICIdirect

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

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

Nifty may open flat led by mixed global cues: ICICIdirect

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

Post Your Comments

Share Cancel

(more)

, ICICIdirect.com |

ICICIdirect's Derivative Report:

The Nifty witnessed a strong support near the highest put base of 8500 and saw a sharp move upside in the last trade. All major indices supported well which gave steam to the index to close with a gain of over 155 points. Nifty futures premium settled at 2 points. India VIX fell 7.2 percent to 14.5.

FIIs bought Rs 345 crore while DIIs bought Rs 173 crore in the cash segment. FIIs sold Rs 730 crore in index futures and bought Rs 3058 crore in index options. In stock futures, they bought Rs 1223 crore.

The highest Put base is at the 8500 strike with 50 lakh shares while the highest Call base is at the 9000 strike with 63 lakh shares. The 8700 and 8600 Call strikes saw reductions of 8.2 and 9.3 lakh shares, respectively, while the 8600 and 8500 Put strikes saw additions of 12.5 and 1.1 lakh shares, respectively.

Nifty Future: The Nifty is likely to open flat on the back of mixed global cues. Buy Nifty in the range of 8640-8650 for target of 8680, stop loss: 8625.

Bank Nifty Future: Close to 500 points rally was seen in BankNifty index which is the 2nd highest intraday rally since August. As the index has managed to close above the sizeable call base of 19500 some more upside can be seen. Looking at the options data, we feel the support has shifted towards the levels of 19300. Buy Bank Nifty in the range of 19350-19400, targets: 19550-19650, stop loss: 19290.

Disclaimer: The views and investment tips expressed by investment experts 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
Nifty may open flat 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