Nifty Closes At 10976, Delta - Gamma Spread To Decide Short Term Trend


Nifty closed today’s trading session at 10977. The index opened at 11088 in the morning and slipped 134 points intraday and made a low of 10954. Nifty closed around 10977 at 3:30 pm as it was the Delta neutral zone for the September series. Going forward, Nifty’s short-term trend will depend on the implied standard deviation of the Delta-Gamma spread of the October series. 

Stocks Under The Scanner
In today’s trade Bharti Infratel shares rose 3.23%, while TCS shares rose 2.00%. YesBank shares dropped 9.01% in the course of the day’s trade.



The Outlook for 28th September 2018
Nifty Daily Chart Levels
In today’s trading session, Nifty closed at 10977 approx as it was the delta neutral zone for the September series. The index fell 134 points intraday and went on to make a low of 10954 approx. Going forward, Nifty is likely to face stiff resistance around the 5 DEMA high ( 11180 approx). However, if the index trades above the 10 DMA (11220 approx), it will scale up to the 15 DMA (11275 approx). On the other hand, if Nifty trades below the daily lower-Bollinger band( 10900approx) it will slip down to the 200 DMA (10750 approx)

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around the 5 HMA (10978approx). The index is likely to find resistance around the hourly mid-Bollinger band (11035approx). If the index trades below the hourly lower-Bollinger band (10936approx), the nearest downside target will be around 10840 approx. However if Nifty trades above the 50 HMA (11120 approx), it will climb up to the 100 HMA (11250approx).




Nifty Large & Mid Cap Stocks



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Nifty closed today’s trading session at 10977. The index opened at 11088 in the morning and slipped 134 points intraday and made a low of 10954. Nifty closed around 10977 at 3:30 pm as it was the Delta neutral zone for the September series. Going forward, Nifty’s short-term trend will depend on the implied standard deviation of the Delta-Gamma spread of the October series. 

Stocks Under The Scanner
In today’s trade Bharti Infratel shares rose 3.23%, while TCS shares rose 2.00%. YesBank shares dropped 9.01% in the course of the day’s trade.



The Outlook for 28th September 2018
Nifty Daily Chart Levels
In today’s trading session, Nifty closed at 10977 approx as it was the delta neutral zone for the September series. The index fell 134 points intraday and went on to make a low of 10954 approx. Going forward, Nifty is likely to face stiff resistance around the 5 DEMA high ( 11180 approx). However, if the index trades above the 10 DMA (11220 approx), it will scale up to the 15 DMA (11275 approx). On the other hand, if Nifty trades below the daily lower-Bollinger band( 10900approx) it will slip down to the 200 DMA (10750 approx)

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around the 5 HMA (10978approx). The index is likely to find resistance around the hourly mid-Bollinger band (11035approx). If the index trades below the hourly lower-Bollinger band (10936approx), the nearest downside target will be around 10840 approx. However if Nifty trades above the 50 HMA (11120 approx), it will climb up to the 100 HMA (11250approx).




Nifty Large & Mid Cap Stocks



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