*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 bearish candle on a daily scale and closed on a flattish note for the second consecutive day at 10443. Bulls are trying hard to regain the momentum but are unable to sustain at higher levels
- Market could continue to hurt bullish sentiments on tracking global cues. If Nifty could manage to sustain above 10400 level then we can see bounce back to 10500-10550 levels else profit booking could drag it down to 10300 level
- On the Options front, we have seen addition of Call OI at 10400 to 11000 all strikes and reduction of Put OI 10400 to 10700. However, maximum Put OI is at 10300 level and maximum Call OI is at 11000 level indicates broad trading range of Nifty before budget announcement
*View on USD/INR*🖊🔎
- USD INR is likely to trade between 63.20 - 64.30 range for a short-term
*Sectors to track with Positive Outlook* 🖊🔎
- Metals, NBFCs
- Auto, Reality
*Stocks to track with Positive outlook* 🖊🔎
- Goa Carbon, Philips Carbon
- Vedl
To look at the technical Charts of the above underlyings, click on the following link:

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