Nifty Roars Back: Volatile Trade Ends Upward
Nifty Futures Chart
Nifty remained highly volatile, displaying predominant bullishness throughout the day following a weak start. However, the sentiment remains sideways to negative as long as it stays below 21,850. A decisive move above 21,850 might trigger a strong rally in the market. Beyond 21,850, the Nifty could potentially move towards 22,200. Support for the near term is positioned at 21,700
Shares of BPCL (up 7.30 per cent), SBI (up 4.14 per cent) and ONGC (up 3.72 per cent) ended as the top gainers in the index.Shares of Tech Mahindra (down 2.81 per cent), Cipla (down 2.35 per cent) and Dr Reddy’s Laboratories (down 1.30 per cent) ended as the top losers in the index.
Nifty Options CE Chart
Nifty Options PE Chart
Top Nifty Gainers
Top Nifty gainers were BPCL, State Bank of India, ONGC, Coal India and Axis Bank
Top Nifty Losers
Top Nifty losers were Tech Mahindra, Cipla, Sunpharma, Dr. Reddy’s Laboratories and TCS.
Bank Nifty Charges Higher at Expiry: Bulls Take Control
Bank Nifty Futures Chart
BankNifty bulls made a robust comeback, overpowering the bears and successfully defending the crucial support at 45000. The index is firmly in a buy mode, with immediate support at 45500 acting as a cushion for the bulls. The index is indicating an immediate target of 46500, and if it sustains above this level, further upside towards the 48000 mark can be anticipated.
Bank Nifty index rebounded over 900 points from the day’s low, trading firmly in green above 45,700 on February 14, ahead of the weekly expiry, led by gains in State Bank of india, Bank of Baroda, Axis Bank, IndusInd Bank and Federal Bank.
Bank Nifty Options CE Chart
Bank Nifty Options PE Chart
Top Bank Nifty Gainers
Top Bank Nifty Gainers were State Bank of india, Bank of Baroda, Axis Bank, IndusInd Bank and Federal Bank.
Top Bank Nifty Losers
Top Bank Nifty losers were HDFC Bank, AU Bank and Bandhan Bank.
