Stocks Tips Tomorrow
Buy UCO Bank
Above - 126.00
Tgt - 141.00
for 3- 5 Days
Sell Nifty Future
At- 5886.10
Tgt- 5869.05, 5857.45
Sl - 5910.20
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Nifty for Tomorrow
Nifty future closed in flat note after range bound session. One should adopt strategy of sell at higher level until it break the 6100 level. If nifty future break 5955 level we can see some more selling pressure in it. Support for nifty future is at 5955/5875 and resistance is at 6094/6148 levels. The Nifty ended in the red terrain at 5903.70 and lost nearly 1.20%. On the derivatives front the Nifty Futures prices ended at a premium of 20.25 points vs. 32.95 points. On the open interest front nominal shredding of open interest was seen. Taking the Nifty Futures prices, cost of carry and open interest together we can say that long unwinding and shorting at higher levels was witnessed in last trading session. On the options front the OI PCR has declined to 1.14 vs. 1.21 as shredding of open interest was seen on the puts front along with addition on calls front. The Indian VIX has shown a rise of 6.18% indicating that the volatility has increased due to bearish sentiments in the markets.
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