Thursday, May 27, 2021

Stock Market | Nifty Outlook for 28 May 21

 

Stock Market Today 

Indian equity benchmarks traded volatile and settled marginally in the green on the day of monthly expiry of May month contracts. Markets made a cautious start, as rating agency Crisil in its research report said higher input prices and disruptions to the rural economy have resulted in price pressures and inflation is back to haunt us. The report by Crisil said it sees upside risks to its 5 per cent estimate on consumer price inflation in FY21 because of this.

BSE Sensex rose 97.70 points or 0.19% to 51,115.22, while the CNX Nifty was up by 36.40 points or 0.24% to 15,337.85.   


Nifty Outlook


Key  Data

Futures of NIFTY

Closing Price15387.15
Premium/Discount49.35
Price Change51.65
Change %0.337
Future OI9869.02 K
OI Change %35.08
Future Contracts113.20 K
Contracts Change87.56

Put Call Ratio - 24/06/2021

Put Open Interest24655.05 K
Call Open Interest15794.55 K
PCR Open Interest1.56
PCR OI ReadingStrong Bearish
Put Contracts Traded236234.00
Call Contracts Traded186964.00
PCR Volume1.26
PCR Vol ReadingStrong Bearish


Level Outlook



Still trend is positive and we should follow buy on dips strategy.
For tomorrow 15418 is important resistance and 15266 is important support in downside.




Thanks for your Precious Time.


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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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