Investor sentiments around the globe turned optimistic after the market’s favoured candidate, Emmanuel Macron, won the first round of the French presidential election. The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets. On the domestic front, sentiments got a boost with Finance Minister Arun Jaitley’s statement that Indian economy will grow at a clip of 7.5% this fiscal, up from 7.1% in the previous year, and it remains resilient with low inflation, fiscal prudence and low deficit. Backboned by the statement by Niti Aayog, the government's premier think-tank, indicating that India will be a Rs. 469 lakh crore, or $7.2 trillion, economy by 2030.
Nifty 9217.95 🔼98.55
Sensex 29655.84 🔼290.54
CNX Midacap 17910.25 🔼109.90
Nifty50
🎯 Top Gainer : ACC 1608 🔼7.53%
🎯 Top Loser : Lupin 1363 🔽3.33%
🎯 Turnover Toper by Value : IBREALEST
🎯 Turnover Toper by Qty : GMRInfra
🎯 Advances / Declines : 985 / 694
🎯 New 52 Wk High : Grasim, Ultracemco, Gail, LT, Ibulhsgfin, HDFCBank, Kotakbank, HDFC.
🎯 New 52 Wk Low : Lupin.
🎯 FIIs / FPI vs DIIs :
- 279.55 Cr vs +984.17 Cr.
🎯 Nifty Outlook 🎯
After 6 sessions, Nifty has overcome the trend resistance of 9210 and just closed above it. Strong support witnessed at 9070 level.
Nifty Call data shows highest OI in 9200 strike price followed by 9300 strike price. Whereas in case of Puts data, highest OI stood in 9200 strike price. It signaled 9300 and 9200 levels are the crucial levels for this month expiry.
Today's FIIs gross figures shows selling in cash market and stock options but buying in Index & Stock Futures and Index options.
CCI is at 40.88 and Fast Stochastic is at 56.32 which definitely not showing any overbought signal. So hold long in Nifty as suggested near 9100.
© Sharp Investment & Financial Advisers
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