After a solid recovery in the last hour of trade on Wednesday, markets and the Nifty today will specifically find support at 21,630 and 21,500 levels respectively according to technical experts. The Nifty Bank outperformed the Nifty yesterday, recovering 1,300 points from the day’s low.
F&O cues to watch today: The Foreign Institutional Investors net bought Rs 40,819 crore in Index Options on Wednesday, while they sold Rs 644.9 crore in stock futures on Wednesday.
Stocks in F&O ban today are mentioned below.
New in F&O ban: HINDCOPPER
Stocks already in F&O ban:
ABFRL, ASHOKLEY, AUROPHARMA,BANDHANBNK, BALRAMCHIN, BIOCON, DELTACORP,INDIACEM, INDUS TOWER, NATIONALUM, PNB, SAIL, ZEEL
Om Mehra of Samco Securities, says, “Technically, Nifty’s daily chart showcases a bullish engulfing candle. Despite selling pressure from higher levels in early session Nifty was resilient to hold 21,500 levels. The Fibonacci retracement indicates solid support around the 21,500 followed by 21,630 levels. As long as this pivotal threshold remains unviolated, the bullish trend seen in the index remains intact.”
TOPICS:
F&O ban list