Team Aman Chugh Financial Market Educational Updates

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Team Aman Chugh Financial Market Educational Updates

View on Nifty 🖊🔎

- On the Technical front, Nifty has formed a bullish candle and closed near 10500 level i.e.10493. Nifty index touched a life time high of 10501 during the session and managed to sustain near the same while closing

- Market is behaving stocks specific as we have seen built-up of long positions in ONGC, Infosys, TCS, Bharti Airtel, Maruti Suzuki, Bajaj Finance etc while short positions in Cement & Pharma sector stocks

- Nifty could extend this bullish rally upto 10600-10700 levels if it could manage to sustain above 10500 level else profit booking could drag it down further to 10250-10350 level

- On the Options front, we have not seen major reduction of Call OI at 10400, 10500 and 10600 strikes while no major addition of Put OI at the same strikes indicates no fresh stimulus in market & some profit booking can be seen

View on USD/INR🖊🔎

- USD INR is likely to trade between 63.80 - 64.80 range for a short-term

Sectors to track with Positive Outlook 🖊🔎

- Metals, NBFCs
- Auto, Reality

Stocks to track with Positive outlook 🖊🔎

- ONGC, DLF
- Maruti, Philips Carbon

Regards
www.jayantharde.com
www.amanchughca.com

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