Bulls vs Bears Clash: Nifty Swings Wildly Before Settling Upward
Nifty Futures Chart
Nifty opened on a flat note and witnessed volatile price action. It swing in both directions and ultimately closed up 127 points. On the daily charts we can observe that Nifty has found buying interest from the zone of 21540 – 21520. The intraday bounce was restricted in the zone 21760 – 21730 where the key hourly moving averages are placed. Thus, it’s a narrow rangebound move though the intraday volatility has been high. The broader market witnessed buying interest from their respective support zone and closed in the green which indicates that some stability is likely over the next few trading sessions.
Hindalco Industries, Grasim Industries, BPCL, Divis Laboratories and UltraTech Cement were among the top losers on the Nifty, while gainers included Coal India, UPL, Axis Bank, SBI Life Insurance and ICICI Bank.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were Coal India, UPL, ICICI Bank, Axis Bank and SBI Life.
Top Nifty Losers
Top Nifty losers were Hindalco, Grasim, Ultratech, Divi’s Laboratories and BPCL.
Don’t Miss the Boat: Daily Momentum Signals Bullish Turn for Bank Nifty
Bank Nifty Futures Chart
Bank Nifty witnessed a sharp pullback from the 200-day moving average ( 44900 ) and closed in the green. The pullback can continue towards, 46100 – 46200. The daily momentum indicator has a positive crossover which is a buy signal and hence intraday dips should be bought into.
Bank Nifty emerged to the winner on February 13 as it rose 1.3 percent to 45,502 led by gains in PNB, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
Bandhan Bank and AU Bank were among the top losers on the Bank Nifty, while gainers included Punjab National Bank, Axis Bank, ICICI Bank, Kotak Bank and IDFC First Bank.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were Punjab National Bank, Axis Bank, ICICI Bank, Kotak Bank and IDFC First Bank.
Top Bank Nifty Losers
Top Bank Nifty losers were Bandhan Bank and AU Bank.
