Bank Nifty Futures POSITIONAL TRADERS Target 37500 ABOVE 35700, BUY ON DIPS
Nifty Nearing The 15,000 Mark : Indian equities not only reversed losses, but also ended at new highs on Thursday, extending their gains for the fourth straight day.
BUY BANKNIFTY 34800 PE ABOVE 380 TRG 700-980 SL PAID, Bond yields rose. And then they fell. All in the space of a couple of hours. In the middle, a scheduled bond auction fell through as traders tried to force the central bank to accept securities at a higher yield. The central bank rejected the bids, sending a signal that while it’s moving toward “normalising” liquidity operation, it will keep a tight rein on bond yields to ensure financial conditions don’t tighten.
BUY BANKNIFTY 34000 PE ABOVE 330 TRG 500-750 SL PAID. Indian equities opened higher for the third straight day, even as sentiment across the Asia-Pacific is mixed. Investors are taking cues from the risk-on sentiment witnessed overnight on Wall Street.
BUY BANKNIFTY 34200 PE ABOVE 380 TRG 550-850 SL PAID. Indian equities extended gains made on budget-day, ending close to their all-time intra-day highs.
BUY BANK NIFTY 34600 CE ABOVE 320 TRG 550-850 SL PAID. Most Asian stocks rose Wednesday, extending a global rally amid a slew of corporate earnings and a crumbling of the retail trading frenzy that fueled swings in heavily shorted shares. The dollar retreated.