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Short covering and followed by fresh long in Axis and Yes Bank. HDFC Bank shines (Chart). BNF is set to reach all time high.

Short covering and followed by fresh long in Axis and Yes Bank. HDFC Bank shines (Chart). BNF is set to reach all time high.

Time: 5:40 am                                            FII: -1435 Cr DII: +1535 Cr Nifty ·         DII aggressive buy is making market stable and bullish. ·         Aggressive shorts maintained in TCS and ITC which are heavy index weights. ·         INFY and WIPRO look bullish. ·         Mostly fresh long is maintained in all other stocks, but

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Momentum given by fatty brother is over to Banknifty; All Other dominate players would like to rest. Attached Axis Bank Chart

Momentum given by fatty brother is over to Banknifty; All Other dominate players would like to rest. Attached Axis Bank Chart

Time: 6:25 am                                            FII: -433 Cr DII: +827 Cr Nifty ·         Huge in-flow to MF supports market. ·         Popular MF stops buying fresh funds and it means that market can go up in long term. ·         Nifty is in last segment of Fibonacci retracement (100%). ·         Trend support is still

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Gamma effect driven by Big Brother HDFC Bank still exists in Banknifty. Nifty trend line support is at 8750.

Gamma effect driven by Big Brother HDFC Bank still exists in Banknifty. Nifty trend line support is at 8750.

Time: 7:00 am                                            FII: +8043 Cr DII: -5631 Cr Nifty ·         Nifty is back to form with taking support from Banknifty and IT sector. ·         INFY and TCS are bullish and they are heavy weights. ·         Nifty is in last segment of Fibonacci retracement (100%). ·         As long as it

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Nifty has formed RSI Bearish Divergence and tries to break trend-line. It looks weak below 8700 (Attached chart)

Nifty has formed RSI Bearish Divergence and tries to break trend-line. It looks weak below 8700 (Attached chart)

Time: 8:00 am                                            FII: -67 Cr DII: +225 Cr Nifty ·         Nifty has formed RSI bearish divergence in Daily chart. ·         MACD negative cross over had happened and RSI is coming down. ·         Nifty is trying to seek support around 8716 (Trend line and Fibonacci retracement). ·         If it breaks

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MACD negative crossover has happened in Nifty and Banknifty due to tiredness, not because of bearishness.

MACD negative crossover has happened in Nifty and Banknifty due to tiredness, not because of bearishness.

Time: 8:40 am                                            FII: -6 Cr DII: -3 Cr Nifty ·         There was no significant net buy or sell from institution. ·         TAMO is down 8% because of worst result. ·         However market is getting stabilized and ready to go up. ·         As we discussed last week. INFY took support

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