My Account
Follow us on:
Powered By
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Powered By
Unlock Your Trading Potential: Trade like Experts with SEBI registered creators, Learn from Courses & Webinars by India’s Finest Finance Experts.
Invest Now
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
The Indian market opened lower on August 17, tracking weakness in global shares which came under pressure after the US Federal Reserve meeting minutes indicated the possibility of more rate hikes.
At 11.30 am, the Sensex was down 0.51 percent at 65,203, and the Nifty was down 0.52 percent at 19,363. About 1,820 shares advanced, 1,150 declined and 102 remained unchanged.
The IT index was down 0.5 percent. The PSU Bank index was up a percent. BSE midcap and smallcap indices are up 0.5 percent each.
The bars reflect the change in open interest (OI) during the day. The red show call option OI and the green put option OI.
Weakness persisted in the Nifty which tested 19,350. Call writers were dominant, with heavy call writing at 19,500, 19,600 and 19,800.
The level of 19,300 acts as strong support for the Nifty, which showed signs of reversal on July 7 and August 3 from the same levels, Ashwin Ramani, Derivatives & Technical Analyst at Samco Securities, said.
“The Nifty has been moving in 19,300-19,500 for the last two days, with both these levels acting as strong support and resistance, respectively. A break below 19,300 can drag the Nifty until 18,650, where its next visible support is placed. A strong close above 19,500 is likely to ignite buying interest again in the Nifty, he said.
The bars reflect the change in open interest (OI) during the day. The red show call option OI and the green put option OI.
Bank Nifty
The banking index traded higher after closing in the red for five consecutive days. For the day, 43,800 was acting as immediate support and analysts expect buying to emerge from this level. The maximum call open interest (OI) was at 44,000 strike, which would act as a resistance followed by 44,200 strike.
Follow our live blog for all market action
Among individual stocks, Adani Ports, REC Ltd and BSoft saw a bullish setup, while ITC, JK Cement, and Glenmark saw a short build-up.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Get ₹100 cashback on checking your free Credit Score on Moneycontrol. Gain valuable financial insights in just two clicks! Click here
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
You are already a Moneycontrol Pro user.
F&O Manual |Nifty tests 19,350, Bank Nifty rebounds after 5-day losing streak – Moneycontrol
Leave a comment