Market Analysis of 16th September 2021 and Trade Recommendations
Views On Nifty & Bank Nifty: Nifty and Bank Nifty both continued their upward run conquering new highs after a brief fall in the early morning. They continue to react opposite to weak global conditions.
Data Analysis: In the cash market trading data, we find that while FIIs were net buyers, DIIs were net sellers. We can observe that FIIs have added to their positions in Index Futures and Index Puts and reduced their positions in Index Calls.
Looking at the today’s Participant Data FIIs, Pro and Clients have net bullish positions and DIIs have bearish positions.
Trade Recommendations for 13th -17th Sep. 2021:
1. Adani Transmission (1916.15): Bullish trend continues.
2. Procter & Gamble (PGHH) (14073.60): Bullish. Fresh Long can be taken since it is reversing from support and RSI > 60.
All Calls are for Short Term Trading and valid between 13th – 17th September 2021.
Data Analysis: In the cash market trading data, we find that while FIIs were net buyers, DIIs were net sellers. We can observe that FIIs have added to their positions in Index Futures and Index Puts and reduced their positions in Index Calls.
Looking at the today’s Participant Data FIIs, Pro and Clients have net bullish positions and DIIs have bearish positions.
Trade Recommendations for 13th -17th Sep. 2021:
1. Adani Transmission (1916.15): Bullish trend continues.
2. Procter & Gamble (PGHH) (14073.60): Bullish. Fresh Long can be taken since it is reversing from support and RSI > 60.
All Calls are for Short Term Trading and valid between 13th – 17th September 2021.
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