Nifty Futures Outlook -
• Nifty future opened positive, traded in the narrow range of 40 points throughout the day. Nifty May future made a high of 5274, low of 5222 and it closed at 5261.
• Nifty spot closed at 5222.65 up by 22.05 points.
• Bank Nifty closed at 10215.15 down by 28 points.
• CNX IT closed at 5928.40 up by 248.25 points.
• Nifty May future closed with 38.30 points premium.
• Nifty heavyweight stocks such as LT and BAJAJ-AUTO witnessed short build-up.
• Nifty heavyweight stocks such as TCS, NTPC and ITC witnessed long build-up.
• Volatility India index VIX closed at 19.25 down by 10.76%.
• PCR (Volume) is at 0.99.
• Nifty April 5400 - 5500 Call strikes witnessed short covering.
• Nifty April 5200 Put strike witnessed short build-up.
• Cement sector witnessed short build-up as stocks ACC, AMBUJACEM, GRASIM, INDIACEM, JPASSOCIAT and ULTRACEMCO were down by 1.7%, 4.7%, 1.9%, 3.1%, 0.7% and 3.2% respectively.
• Capital Goods sector was up by 0.7% as stocks APIL, BGRENERGY, CROMPGREAV, PUNJLLOYD, STRTECH and VOLTAS were up by 2%, 3.8%, 4%, 2.8%, 1.8% and 3.8% respectively.
• Realty sector led by DLF, HDIL, IBREALEST, SOBHA and UNITECH was up by 1.1%.
• Cement, FMCG, Oil & Gas, Technology and Banking sector witnessed maximum OI action.
• Nifty rollover is at 44.80%.
• Nifty rollover is at premium of 36.60 points as the spread between the two contracts is positive.
Today`s Recommendations
STER LTP RS 105.75 BUY BETWEEN RS 105-105.50 STOP LOSS RS 103 TARGET RS 112 (SPOT LEVELS) FOR 5-8 TRADING SESSIONS
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