Tuesday, July 31, 2018

Profitable Nifty Tips | Reliance Industries Propels Markets Higher

Rudra Investment Profitable Nifty Tips provider says that Due to Markets continuous its stellar run with Nifty and Sensex managing to end near the elevated point of the day.



Nifty ended the session 36 points higher at 11,356. This was the fourth following session where Nifty managed to close at record highs. Strong income from frontline companies fuelled the rally in the Index. But the stand out performer in today’s trade was Reliance Industries that gained 2.95%, thereby becoming the largest company by market cap in India surpassing TCS.

 Nifty Realty was the best performing sectoral Index in today's trade, up 1.68%.

Tracking the derivative data points, Nifty Futures witness a surge in open interest to the tune of ~14.11 lakh shares mainly long positions, while Nifty Bank Futures witnessed a decline of ~2.31 lakh shares.

On the options front, out of the money call options continued to add fresh long contracts, while Nifty 11300PE and 10200PE witnessed a surge in open interest to the tune of ~5.66 lakh shares and ~5.78 lakh shares mainly short positions.

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