Short-term support for Nifty exists at 2650: Networth
According to Networth Stock Broking’s Market Review report, Nifty has a strong resistance at 3150 while short-term support exists at 2650. Oil & Gas and Commodities to see down ward movement in today’s market.
Networth Stock Broking’s Market Review report:
Markets are expected to open up negative on the back of global cues; SGX Nifty is trading 53.5 points low at 3073.5 The entire OI in the markets decreased to Rs. 57,620 cr from Rs. 87,580cr. Out this Option saw an OI decrease by Rs. 28,940cr from Rs. 50,013cr while Single Stock+Nifty Futures saw an decrease in OI to Rs. 28,682cr down from Rs. 37,566cr.
In Friday’s market’s, FIIs bought stocks in cash market worth Rs. 80.43cr while DIIs bought equities worth Rs. 42.98cr. In derivatives, we saw FIIs buying worth Rs. 255.95cr. The over all PCR ratios moved down to 1.50 from 1.95.
Nifty has a strong resistance at 3150 while short-term support exists at 2650. Oil & Gas and Commodities to see down ward movement in today’s market.
Tags: calls, daytrading, free calls, intraday, networth, tips
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