Nifty strategy by CapitalVia Global: Buy on dips with stop-loss at 12,100

Jannie Delucca

Industry traded better on Wednesday Nifty managed to keep 12,200

Industry opened with gap-up on Wednesday and managed to trade better due to robust international cues alongside with some relieve above coronavirus. Nifty traded in a near vary and closed at 12,201.20, attaining 93.30 factors. FMCG, metal and private lender stocks traded with favourable sentiments in the course of the day while PSU financial institutions and pharma stocks witnessed some force. Nifty lender closed at 31,492.ninety incorporating 349.seventy six factors from the prior day’s closing.

As for each weekly solution info, handful of set crafting on lower strikes ranging from 12,000 to 12,200 is viewed which shows Nifty is witnessing business support in the sub -12,a hundred and fifty zones. Traders really should try out to obtain at any dip as current market has highest set Open Fascination (OI) at 12,one hundred which will act as big support for weekly

Read More