Nifty will give its one of the biggest positive reactions in the today’s trade as the most awaited US-INDIA trade deal is announced with Gift Nifty indicating a big gap up opening coupled fueling strong sentiments on the streets. The price action in the index in the last trade has been positive with the price concluded well around the day’s high above 25000 mark with index heavyweights leading the gains from the front. We expect massive short covering will fuel further momentum in the markets as heavy shorts are still placed in the system from past few days with FIIs still having huge shorts in derivatives especially in the index futures. Traders should consider the price volume action of the index in the first hour of trade and whether the gains are sustaining after the gap up opening. Sectors like IT, TEXTILES, GARMENTS, PHARMA, GEMS & JEWELLERY followed by other important areas like Defence, Sea foods and Electronics will also be under limelight throughout the day. On the other hand, Agriculture sector has to watched keenly which was the major hurdle between both the countries on the trade deal.

TITAN

KPRMILL

SUNPHARMA

AUROPHARMA

INFY

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