Markets had a subdued opening and traded in a narrow range throughout the day. The market breadth was weak as 30 of the Nifty50 stocks closed in the red.
Among the Nifty sectoral indices, Metal (+0.6%) and Pharma (+0.3%) were the top gainers, whereas Realty (-0.9%) and PSU Banks (-0.8%) were the top losers.
Asian Markets except Nikkei Index closed in red. European Markets too closed in red. In the opening minutes US is giving mixed signals. India Vix has risen by 5.84%.
Today also FIIs were net sellers. There has been a constant pressure of selling by FIIs who are also reducing positions in Index Futures and Index Calls. They are bearish towards Indian Markets. With 15900/16000 proving to be strict resistance now , I suggest a more conservative approach to trading and investments.
Among the Nifty sectoral indices, Metal (+0.6%) and Pharma (+0.3%) were the top gainers, whereas Realty (-0.9%) and PSU Banks (-0.8%) were the top losers.
Asian Markets except Nikkei Index closed in red. European Markets too closed in red. In the opening minutes US is giving mixed signals. India Vix has risen by 5.84%.
Today also FIIs were net sellers. There has been a constant pressure of selling by FIIs who are also reducing positions in Index Futures and Index Calls. They are bearish towards Indian Markets. With 15900/16000 proving to be strict resistance now , I suggest a more conservative approach to trading and investments.
Billionaire Trader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Billionaire Trader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.