The stock market opened in the negative today but after a while went in an upward direction. When I was taking trades in F&O I felt votality in options moment is very fast. Nifty has started its April series in positivity. The Nifty 50 has 47 pts to 17,445.05, Sensex up to 154.11 pts and Bank Nifty jumped on 56.85 pts to 40,869.90. We can expect to continue this type of momentum of positivity in next session. It was the biggest intraday session on Wednesday note. In overall market we have a range bound view in nifty.
When I write this blog I observe that options are not that much risky if you do it carefully. When you do trade in future and options you have to leave your emotions in home. Market trade in green in fourth straight day. The top gainers on Nifty 50 were Bajaj Finance, Bajaj Finserv, ONGC, HDFC Bank and Coal India and the top losers were HCL Tech, Hindalco, Apollo Hospital, Eicher Motors and Asian Paints. Nifty, Sensex ended in green. We hope that April month will be good month for traders and investors.
Currently it is trading around the upper end of the downward sloping and a break above that shall lead to a further upside. On the hourly charts, we can observe a negative divergence on the hourly momentum indicator which is a sign of caution however it needs to be confirmed by weakness in the price action and we see no evidence of it as of now.This type of volume in Share market traders always wants. In this blog we can say that Indian shares traded higher on Wednesday.