Views on Bank Nifty: Bank Nifty closed weak today despite opening strongly. The resistance is around 35637 and support is at 35506.
Data Analysis : In the cash market trading data, we find that both FIIs and DIIs were net sellers. In the derivative segment FIIs are neutral while DIIs continue to hold positions. We can observe that FIIs have taken more positions in Index and Calls.
Looking at strentgning India Vix and weak SGX NIFTY and Dow . I feel we may see more weakness in the market in the coming days especially on Thursday.
Stock Recommendations for 25th August 2021:
1. Adani Green: . Hold Buy Positions.
2. Apollo Hospital: Exit Long Positions
3. Auropharma: . Take Shorts at current market price.
4. Eicher Motors: . Take short below 2523.
5. Lupin: . Take short positions after reversal from 958.60
6. Siemens: . Take new Long positions at 2270.
7. Vedanta ( VEDL ): . Currently @ Support. Buy above 274.95. Today saw a 1.27% rise.