Contact Us | Log In
Sensex: 32923.1 -252.90 Gold: Rs.30254.00
Nifty: 10094.2 -101.00 Silver: Rs.38341.00
Derivatives: Buy Apollo Tyres; Sell Tata Communications -
Derivatives: Buy Apollo Tyres; Sell Tata Communications
Way2wealth | Published: 04 Jan, 2018  | Source :

Taking clues from strong global markets, domestic bourses opened on positive note but on higher side nifty failed to breach 10500 levels. From those levels long unwinding coupled with short accumulation was seen in banking, oil&gas and auto sector that dragged nifty in negative zone and finally closed on flat note with gain of 1 point.

- Fresh short accumulation was seen in Nifty and bank nifty fut. whereas nifty It fut. saw long unwinding pressure in yesterday’s trade. Nift fut. added almost 8 lakh shares

- Long positions were initiated in midcap sector and stocks like jet airways, bata, ofss, adanient, tatachem and ujjivan.

- Long unwinding pressure was seen in auto, infra, telecom and metal sector. Major profit booking was seen in stocks like rcom, Suzlon, tatamotors, bharatfin, tvsmotor and glenmark.

- Hcc, rnaval, dcbbank, bpcl, hdfcbank and mothersumi were some of the stocks that saw short buildup.

Domestic bourses are expected to open with minor positive gap in today’s session but on higher side nifty will continue to see profit booking around 10500-10540 levels. Overall, markets are stuck in broad range of 10400- 10550 levels and breakout from this range will further set the direction for indices in short term. Maximum put writing has been seen around 10400 and 10300 and that will act as strong support.


Script                  Action             Initiation          Target         SL

APOLLOTYRE     BUY                Around 270        277         267

TATACOMM        SELL               Below 669          658         675

  Read full report Click here to read the full report

About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.


For more information please write in to

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.