Stock Future Trading Tips And Market Outlook

Bank Nifty Market Trend

CH BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 17440

SUPP 2: 17150

RES 1: 17870

RES 2: 18250

Market Outlook

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 49 points at the opening bell.

Nifty PCR-OI has increased to 1.17 from 1.06. Rise in the ratio may be due to increase in PE of 8000 and decrease in CE of 8000. PE of 8000 and CE of 8200 are highest number of contracts traded.

Shares of Redington (India) rallied more than 10 percent intraday as its step down subsidiary acquired 70 percent stake in Turkey-based company.

The Indian equity market looks attractive for multiple reasons, says HSBC's Head of Equity Strategy Herald Van Der Linde.

• Indian mkts ended upside. Nifty and Sensex up by 0.41% and 0.55%
• Asia Pacific market upside. Jakarta up by 2.30% & Nikkei up by 0.99%.
• Wall St. up. USD Core Retail Sales down to 0.1%. Dow future up by 170 pts.

Indian indices remained volatile and closed on positive note amid global cues. On sectorial front all major indices traded upside including, IT, Infra, Media, FMCG and Realty except banking, IT and media sector. Sensex was up by 147 points at 26932 & Nifty up by 33 points to settle at 8152 level. European markets traded upside.

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