15th May Strategy:
Global: Positive
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Neutral
Downside risk opens up if Nifty and Bank Nifty close 9200 and 18850 today
Upside only if Nifty and Bank Nifty close above 9400 and 19750 today
Nifty 8925-9075 Day Support Zone, 9250-9350 Higher Range
Bank Nifty 18300-18500, 18850-19050 Day Support Range, Bank Nifty 19500-19750 Higher Range
Nifty 9100-9200 Small Day Range, 9050-9250 Medium Range, 9000-9300 Bigger Range
Bank Nifty 18950-19300 Small Day Range, 18850-19500 Medium Range, 18500-19650 Bigger Range
For Existing Long Positions:
Nifty intraday n Closing SL 9100
Bank Nifty intraday n Closing SL 18850
For Existing Short Positions:
Nifty intraday n Closing SL 9400
Bank Nifty intraday n Closing SL 19750
For New Positions:
Sell Nifty in 9250-9350 range:
SL 9400 Tgt 9200, 9150, 9125
Buy Nifty in 9000-9050 range:
SL 8900 Tgt 9100, 9150, 9200
Sell Bank Nifty in 19400-19650 range:
SL 19750 Tgt 19100, 18950, 18850
Buy Bank Nifty in 18850-18950 range:
SL 18750 Tgt 19050, 19250, 19350
PCR 1.19, VIX down 2% at 38.18
F&O Update:
Out of Ban: BHEL
Already In Ban: Vodafone Idea
Result Analysis:
Buy Manappuram Futures:
SL 122, Tgt 130, 135
Strong 40% disbursement
Biocon Futures:
Results weak, but short covering expected on gap down opening
Support range 320-325. Higher range 345-355
