The mother market cues are off on the account of 4th of July.
Asian markets are trading in the green as dow futures is trading with a 80+ point of gains
No significant economic news coming out this week
HDFC bank was an under performer as earnings of the crucial quarters would be announced today
The performance of HDFC bank will be the markets DIRECTION
FII have turned comfortable net buyers for over 850cr and DII have sold for 300cr
India vix has fallen below 26
NIFTY can make a big move on the upside which may not sustain for a long time
Volatility expected in the next few days
• Trade
The overall market trend looks strong but due the under performance of the bank nifty, we can be skeptical
Go long towards 10660/10670
Or at 10580/10590
The first hour might be a flat trading market
Range 10550 to 10750
NIFTY
Asian markets are trading in the green as dow futures is trading with a 80+ point of gains
No significant economic news coming out this week
HDFC bank was an under performer as earnings of the crucial quarters would be announced today
The performance of HDFC bank will be the markets DIRECTION
FII have turned comfortable net buyers for over 850cr and DII have sold for 300cr
India vix has fallen below 26
NIFTY can make a big move on the upside which may not sustain for a long time
Volatility expected in the next few days
• Trade
The overall market trend looks strong but due the under performance of the bank nifty, we can be skeptical
Go long towards 10660/10670
Or at 10580/10590
The first hour might be a flat trading market
Range 10550 to 10750
NIFTY