Market Analysis of 21st September 2021 and Trade Recommendations
Views On Nifty & Bank Nifty: Markets which had a negative bias at the beginning of the day due to debt crisis in China reversed around the late morning time and ended in the green.
Data Analysis: In the cash market trading data, we find that both FIIs and DIIs are net buyers. We can observe that FIIs have reduced their positions in Index Futures and added their positions in Index Calls and Puts.
Looking at the today’s Participant Data Only Clients have net bullish positions and FIIs ,DIIs and Pros have bearish positions. India VIX is at 16.52 .
Trade Recommendations for 20th - 24th Sep. 2021:
1. Adani Transmission (1642.90): Bullish reversal expected. Currently hitting Lower circuits on daily basis.
2. Bajaj Holding (4681.85): High volumes in previous days led to a breakout price move of 4.44%.
3. BPCL (420.40): Price fall with high Volume. Fall of 1.57%
4. Indusbank (1089.95): Price rise by 4.37%
5. Industower (263.05): Price rise by 2.97%
6. ITC (233.75): No Reversal has happened yet. The price rise continues. Heavy Overbought conditions
7. Indigo (2169.50): Bullish move. Heavy Overbought conditions
8. SBIlife (1184.60): Bullish View. Can be bought above 1200.Long positions can be kept if RSI > 60.
As calls are valid for the period 22nd September to 24th September 2021.
Data Analysis: In the cash market trading data, we find that both FIIs and DIIs are net buyers. We can observe that FIIs have reduced their positions in Index Futures and added their positions in Index Calls and Puts.
Looking at the today’s Participant Data Only Clients have net bullish positions and FIIs ,DIIs and Pros have bearish positions. India VIX is at 16.52 .
Trade Recommendations for 20th - 24th Sep. 2021:
1. Adani Transmission (1642.90): Bullish reversal expected. Currently hitting Lower circuits on daily basis.
2. Bajaj Holding (4681.85): High volumes in previous days led to a breakout price move of 4.44%.
3. BPCL (420.40): Price fall with high Volume. Fall of 1.57%
4. Indusbank (1089.95): Price rise by 4.37%
5. Industower (263.05): Price rise by 2.97%
6. ITC (233.75): No Reversal has happened yet. The price rise continues. Heavy Overbought conditions
7. Indigo (2169.50): Bullish move. Heavy Overbought conditions
8. SBIlife (1184.60): Bullish View. Can be bought above 1200.Long positions can be kept if RSI > 60.
As calls are valid for the period 22nd September to 24th September 2021.
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