SGX Nifty is currently trading marginally in the red down 4 points at 11095 levels.
Nifty has managed to give a breakout from its sideways consolidation of the past few trading session, and we could expect the positive momentum to continue further. 11100CE option continues to have the maximum open interest buildup, if Nifty is able to sustain above these levels during initial trade we could witnessing short covering which could lead the index higher.
Traders would also keep an eye out on the earnings season which is currently underway, Hexaware Tech, ICICI Prudential, Network 18, Power Grid Finance and TV 18 Broadcast are some of the large-cap companies set to announce their results today.
Major Asian markets are trading with a positive bias at present; Nikkei is up 0.39%, Hang Seng is up 0.95%, while Shanghai Composite is trading 1.02% higher.
Nifty has managed to give a breakout from its sideways consolidation of the past few trading session, and we could expect the positive momentum to continue further. 11100CE option continues to have the maximum open interest buildup, if Nifty is able to sustain above these levels during initial trade we could witnessing short covering which could lead the index higher.
Traders would also keep an eye out on the earnings season which is currently underway, Hexaware Tech, ICICI Prudential, Network 18, Power Grid Finance and TV 18 Broadcast are some of the large-cap companies set to announce their results today.
Major Asian markets are trading with a positive bias at present; Nikkei is up 0.39%, Hang Seng is up 0.95%, while Shanghai Composite is trading 1.02% higher.
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