Tuesday, April 29, 2014

30-04-14 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday FIIs have extended their Selling and broken 20 DMA by signalling bearishness in Short Term Trend.   As we mentioned, yesterday Bank Nifty has played its role and put the traders in fix.   Yesterday FIIs have squared off their 21664 Longs and 9213 shorts in Index Futures with sale of 12451 contracts worth 427.56 cr .  OI was decreased 30877 contracts.   FIIs are buyers in Equity Segment for worth of 288 cr, even though DIIs sold worth of 551 cr by Pulling Down the Market Breadth.  Selective Strips like Tata Sponge, were honored with price upper circuits for their bright performances.   As market has corrected from last 3 days. its PCR @ 0.90, Nifty Technical at support @ 6680/6700, we can expect pull back/bottom fishing, before it takes big movement.  Above 6800 only Bulls can regain their grip to take the market new Highs.

Today Market open Flat with positive note in line with SGX Nifty and play range bound.

NIFTY SPOT LEVELS:
Pivot: 6734
Resistance: 6760/6805/6831
Support: 6690/6663/6618

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
KNRINFRA EQ: BUY > 98/99.50 TRG 99.50-104 SL 96
GLAXOSMITH EQ: BUY > 2420 TRG 2434 SL 2410
AMARRAJA EQ: BUY > 413 TRG 421 SL 408

Monday, April 28, 2014

29-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market got consolidated in its value stocks and some of the mid cap stocks touched its 52 week highs.   Nifty hourly charts entered in oversold zone, where the 50 DMA is supporting.   Since last 2days FIIs have accumulated shorts in Index Futures and Europe Economic Data is emerging positive, we may expect short coverage at lower side i e. 6730/6740 level.  Once 6700 breaks, we may wait for 6500 level on positional basis.   Because of RSI negative divergence, we have to be cautious with Bank Nifty, irrespective of all good news in this Sector.
Note : due to power cut, could not complete the data.

Sunday, April 27, 2014

28-04-14 MARKET TECHNICAL VIEW:

MARKET TREND:
Friday Market got corrected as we expected, through over all sales from FIIs, except in Equity Market.  They have bought 295 cr of equities.   In Index Futures they are in Short side.  FIIs have sold 27258 contracts worth of 931.95 cr. by selling 16.5k longs and adding 10.7k by decreasing OI worth of 5750 contracts.  As PCR is below 1, with Bank Nifty support and Auto Sector Volumes (volatility due to sector results) market may get support at 6730/6740 level which is also 50DMA level.  Nifty Derivatives Highest OI range is between 6500-7000, but 7500 CE and 6500 PE are actively trading.   As this market (2 weeks) likely to drive by News of Elections, Corporate Results and Overseas News like FED report, Ukraine Tensions, Short Term Positional Traders & Day Traders should trade with strict SL, with out looking for Quick Bugs.

Today Market likely open Flat and likely to get support at 6700 levels.  Momentum Based Trades are advisable than Technical or Fundamental Base, because market range is going to be short lived.

NIFTY SPOT LEVELS:
Pivot: 6808
Support: 6747/6711/6650
Resistance:  6844/6905/6941

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

Thursday, April 24, 2014

illiquid-stocks-suddenly-show-signs-of-revival-as-d-street-


http://economictimes.indiatimes.com/markets/stocks/market-news

25-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Last Month Series has been closed with Record High and above the Trend Line Resistance.  Now Nifty has opened new Trading Range, which might be between 6600-7200 for New Series.  Wednesday FIIs have bought 49962 contracts worth of 1710 cr. Index Futures by decreasing OI by 201277 contacts.  FIIs have squared most of their shorts and long contacts, which resulted lower roll over than previous.  This shows that FIIs have become cautious for May 16 Election Results and also in view of over bought.    To establish new range, Nifty has close above Last Trade's High for at-least for 1 or 2 days.   Otherwise Nifty may try it immediate support range of 6750-6800 level.

In line with peer markets today nifty may open with negative bias and trade in range of 6820-6860 range to neutral the excess premium/carry forward cost.   

NIFTY SPOT LEVELS:
Pivot: 6840
Support: 6820/6800/6780
Resistance: 6861/6882/6902

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DEEPAK FERT EQ: BUY > 125 TRG 130 SL 120
RPP INFRA EQ: BUY > 68 TRG 72.50 SL 65

Tuesday, April 22, 2014

23-04-14 MARKET TECHNICAL VIEW:

MARKET TREND: 
Yesterday Market was sluggish as we expected, except smaller swings.  We saw lower breadth and depth due to sector wise movement than over all performance.  That is reason Advance & Declines ratio is almost 1:1 along with flat closing.  Particularly IT, Auto, FMCG & Metal Sectors are Looser  and Oil & Capital Goods Sectors are Gainer.    As well as FIIs are buyers in Derivatives, Equity & Index Futures for the worth of  1027, 163 and 923 cr. respectively.  FIIs are net buyers in Index Futures worth of 26865 Contacts by adding 31174 Longs along with 4309 Shorts, which in return pushed up OI by 35483 contacts. As today is last trading day of this series, volatility is imminent.  Also considering OI positions, Speculative Political News and Policy matters and Corporate Results will be changing the Indices positions (eq IPR issue on Pharma Sector, Bank Sector Results etc).

Today Market may open flat in line with Peer Markets and likely to close between 6780-6830, unless there is buying in last 30 mts.  Short Term & Day Traders should maintain 6850 as SL to maintain their Positions.

NIFTY SPOT LEVELS:
Pivot: 6820
Resistance: 6833/6851/6865
Support: 6801/6788/6770

NIFTY FnO BAN: HDIL

STOCKS FOR DAY:

Monday, April 21, 2014

GOOD ARTICLE ON INDIA VIX

http://www.livemint.com/Money/TmRF9FugQ6MDHWI1iNvy1I/India-VIX-rises-with-Nifty-as-relationship-breaks-down.html

22-04-14 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market has created one more New High and closed above 6800.   As we mentioned in our earlier notes, bulls are not leaving any chance to create New Records.    FIIs are net buyers in Derivatives (390.68 cr),  Equity (212.75cr) and Index Futures Segments.   In Index Futures FIIs have bought 11081 contracts worth of 377.94 cr. FIIs have bought 26.3 k contracts and 15.2 k contacts are in short by adding OI of 41531 contracts.   Futures Roll over also taking place more aggressively along with Trading in May month series.  As Nifty weekly and monthly charts are entering to over bought zone (stochastic), before Election Results, market may witness smaller correction/profit bookin.   

Derivatives OI range has been shifted to 6700-6900 range from 6700-6800 range,  with active 6800 CE & PE but in May series out of call range i.e 6000-7000 are having highest OI.  This indicate that: Short Term Traders/Speculators are more active in get Quick Bugs with their Speed Money, which (might) have pumped (estimated 2.5 b) in to Market in recent days.    To counter this regular traders/retailers should maintain strict SL.

Today Market open flat and may see sluggishness, because of roller overs exercise and to get consolidate at new high &  Peer Markets'  influence.   If Nifty opens above 6820; 6850, 6880 and 6920 may act as resistance and force traders to go for profit booking. Going for 6800 PE  in May series (positional) may be right strategy to limit our self (self control) in these Over Bought Market.

NIFTY SPOT LEVELS:
Pivot: 6810
Resistance: 6833/6850/6872
Support: 6785/6770/6755

NIFTY FnO BAN: HDIL

STOCKS FOR DAY:
IFBIND EQ: BUY > 88 TRG 90 SL 86
KALYANISTEEL EQ: BUY > 67.50 TRG 72 SL 64
CROMPTON EQ: SELL < 188 TRG 183 SL 191

Sunday, April 20, 2014

21-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Bulls are very anxious in Creating New Highs by utilising all opportunities.   Money Power (cash inflow) is Dominating all Technical Guidelines and embarrassing Bears.  Friday FIIs have bought 21.2k Index Futures' contracts worth of 716.44 cr. by buying 1753 Long contacts and 19530 shorts covering.  Derivatives OI also increased by 17777.   Without disturbing Minor Support area of 6660, Nifty has closed with 104 pts plus.   It has turned all short term technicals to positive like: breadth to positive, OI of derivatives base to 6700, closing above trend line and increasing derivatives OI and so on....  As Traders playing Out of range 7000 CE and 6000 PE Options of May month and Vix Mean Averages (22 pts) are giving hope that: Nifty will be going to touch 6900-7000 level in new series (May Series).  As series closing was much shortened with election holiday, traders should be more cautious with their SL to face the incoming Volatility.

Today market will open with positive note (gap up), in continuation to Friday's Positive spell, Peer Market's support and to acknowledge Reliance to its Positive Results.

NIFTY SPOT LEVELS:
Pivot: 6749
Resistance: 6814/6848/6912
Support: 6715/6650/6615

NIFTY FnO BAN:
HDIL & UNITECH

STOCKS FOR DAY: (MOMENTUM TRADES ARE ADVISABLE)
RELIANCE, HINDALCO, IRB INFRA, LICHSG, RECL & JINDAL STEEL



Wednesday, April 16, 2014

17-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market moved within the range as we mentioned.   Also Old  Positions were covered and fresh Longs accumulated by FIIs at lower levels in Index Futures.  FIIs have bought 5559 contracts for the worth of  156.89cr  (11106 contracts in long and 16665 shorts squared off) by pushing 27771 no. of OI contracts.  Nifty & Sensex closed in Red along Poor Market Breadth, as FIIs (marginally) and DIIs are net sellers In Equity & Derivatives Sectors.  As we are nearing Derivatives Settlement Session, with more holidays, we have to be careful in calculation of Premiums and Cost of Carry Forward and continue Trades.  Also as Corporate Result announcements are active along with on going Election News, Stock Specific News also will be flowing, which to be taken care with Strict SL.   So long 6650 holds on closing basis, Nifty Uptrend will be intact, otherwise Nifty has to search its support at 6575 levels.  To note, Today Wipro Results and Tomorrow (market holiday) Reliance Results.

Today Nifty likely to open flat with positive bias in line with our Peer Markets and yesterdays Europe Markets.   Market likely to get resistance at 6725/6740 levels.   Day traders can go short at Market highs, with 6770 SL for negative clsoing/pivotal as target.  Wish you Happy Long Week End.

NIFTY SPOT LEVELS:
Pivot: 6644
Resistance: 6727/6770/6811
Support: 6645/6610/6580

NIFTY FnO BAN:
UNITECH & LNTFH

STOCKS FOR DAY:
MAHARASTRA SEAMLESS EQ: SELL < 248 TRG 232 SL 260
ZEE NET EQ: BUY > 269 TRG 272/278 SL 265 (273 IS 50 DMA)
CENTURY TEXT EQ: SELL < 366 TRG 354 SL 373

Tuesday, April 15, 2014

16-04-14 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Bulls have taken back and forced Nifty to close its Below Trend Line Support.   Now Nifty may try to get support @ 6650 once it cross 6695. Yesterday FIIs started adding shorts to Index Futures by selling 30696 contracts (17574 longs squared off and 13122 shorts added) by decreasing OI by 4452 contracts.   Now Nifty may try to test 6780/6800, before it goes for its ultimate support levels.  Since Derivatives OI range is between 6700-6800 bulls will try get back their hold till Election Results.   Since technically market is week and India Vix is almost at its near highs, Traders may cover their shorts at day low of 6690/6650 level and bottom fishing/pull back rally can't be ruled out.

Today market may open flat/negative bias in continuation to yesterdays correction, and try to get consolidate.

NIFTY SPOT LEVELS:
Pivot: 6752
Resistance: 6794/6855/6895
Support: 6692/6651/6590

NIFTY FnO BAN:
UNITECH & LNTFH

STOCKS TO WATCH:
LONGS: BIOCON, EXIDE, 
SHORTS: TITAN, DISHTV

Monday, April 14, 2014

15-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Friday also Market has taken profit booking and shifting of strips,  without much cash out flow.  FIIs are at selling side only in Equity and Derivative segment also by 362 and 1286 cr. respectively. FIIs are selling side in Index Futures also worth of 304.86 cr. of 8946 contracts. (5615 Long Contracts squared off and 3331 contracts of Shorts squared off) by decreasing OI by 2284. IIP data is also very negative against the expectations and previous, which obviously week the sentiment of Traders.   As shorter week is ahead of us along with Infosys Results and WPI Data and CPI data is scheduled on 15th, market likely to face volatility.   As India Vix also being traded by HNIs and Institutional (as margin money is at 2 lacs many retailers may not be able to participate), Option Traders should be more careful with SL to their holding to minimise the loss/cost of their investment.

Today Market likely to open with Positive bias and if the Nifty crosses 6780 level, 6815/6845 may act as resistance.

NIFTY SPOT LEVELS:
Pivot: 6770
Resistance: 6796/6815/6842
Support: 6750/6723/6703

NIFTY FnO BAN:
UNITECH & LNTFH

Thursday, April 10, 2014

11-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market closed absolute flat. As we expected,  Market went for profit booking, rather than new positions.   FIIs have sold Index Futures worth of 354.91 cr which amount 10381 contracts (10937 long contacts squared off along with 556 shorts) by decreasing OI by 11493.    Derivatives  OI range is between 6700-6900, which has come down upper limit from 7000 to 6900.   FIIs Selling figures and PE activity indicate that, market do not have much higher (time being) and pull back rally may be witnessed till 6820/6840 level.   More volatility is expected,  in view of Friday along with long week end, Accumulation of India Vix. PCR nos.(is @ 0.93) and expected Positive IP Data & Trade Balance.  Io note, FIIs and DIIs are at long side by 342.75 and 13.45 cr respectively in Equity Segment.    In Derivatives Options segment also FIIs are in long worth of 1365 cr.

Inline with our Peer Markets, our Market also likely to open with negative bias.   Nifty likely to get resistance at 6840 level.  With 6860 SL day traders can go short for target of 6800.

NIFTY SPOT LEVELS:
Pivot: 6798
Resistance: 6818/6840/6860
Support: 6776/6755/6735

NIFTY FnO BAN:
HDIL & LNTFH

STOCKS FOR DAY:
PETRONET LNG EQ: BUY > 142 TRG 144/146 SL 140
TATAPOWER EQ: BUY > 86.25 TRG 89.75 SL 85
CROMPTON EQ: BUY> 173 TRG 181 SL 167
SUNTV EQ: SELL < 401 TRG 396 SL 405
GODREJIND EQ: SELL < 316 TRG 312 SL 319

Wednesday, April 9, 2014

10-04-2014 MARKET TECHNICAL VIEW:


MARKET TREND:
Yesterday Market surprised by giving double bonanza (nifty & bank nifty) to Bulls by beating 6800 level and closed at New High.   Most of us (technical followers) have expected that,  6765/6570 will act as resistance, but to our surprise Nifty crossed and closed above trend line along with good market breadth.   Even though Nifty was closed with 101 pts Plus, (nifty futures) volumes are lesser (1.88%) than previous trading day.   This indicate lower conviction of positional traders and this game is for movement / day traders.  Even yesterday FIIs are at buy in Derivatives & Equity Segment by 1173 & 1044 cr respectively and DIIs are sellers in Equity segment by 464cr.   In Index Futures also FIIs have added longs by 3667 contracts worth of  120.96 cr. ( 3068 contacts sold and 6735 longs added) by increasing OI by 9803 contracts.  Derivatives OI range has been increased to 6700-7000 range along with active range of 6700-6800.   As FIIs are having habit of Selling Market at Good News/Good Sentiment and futures premiums too are in high than normal in CE and any small correction can put us in more loss, traders should follow strict SL.

Today market may open with negative bias in line with Peer Markets and Traders' Hurry to cover their Yesterday's Open Positions.   Now traders should go for profit booking, but not to go for shorts, unless market closes below 6700 level for a day or two.

NIFTY SPOT LEVELS:
Pivot:  6770
Resistance: 6835/6874/6940
Support: 6730/6666/6625

NIFTY FnO BAN:
HDIL & LNTFH

STOCK FOR DAY:
gsfc  eq buy > 55.75 TRG 58.25 SL 60
liberty shoes eq buy  >158.75 TRG 161.75 SL 155.75
gspl  eq buy > 70 TRG 71.50 SL 69

jaynecoind eq buy > 10.50 trg 11.80 sl 9.90

Tuesday, April 8, 2014

09-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Monday market is flat, as we expected.  Profit booking is witnessed in selective stocks along with Indices rotation.    FIIs Sold worth of 768cr in Derivatives Segment and Bought 704cr in Equity Segment.   In Index Futures FIIs have bought 2822 contracts (bought 5261 contracts and sold 2439) worth of 98.35 cr. and added 7700 contracts in OI.  For Nifty crossing its near high is important to establish one more new high.  Once it happens, Nifty may see 6900 levels also, otherwise it will have 6580 as support.  OI derivative range is intact between 6400-6900 with active range of 6700-6800.

Today market may open with positive note and may see profit booking at higher levels. With 6765 SL day traders may go for short at 67030-6740 level and market may close with minor negative.

NIFTY SPOT LEVELS:
Pivot: 6690
Resistance: 6730/6765/6805
Support: 6665/6615/6580

NIFTY FnO BAN:
HDIL & LNTFH

STOCKS FOR DAY:
THINKSOFT EQ: SELL < 372 trg 362 sl 380
SHARON BIO EQ: BUY >  44.50 TRG 46/47.25 SL 43
BHARATFORGE EQ: BUY > 426.50 TRG 447 SL 415

Sunday, April 6, 2014

06-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Last week Market has taken breath by giving up only 2 points by depreciating Rs by 0.04 ps.    Even though our Indian Market is not cheaper in comparison to Peer Markets, cash inflows improved by expecting Stronger Govt. through PE funds (expected inflow of 3 billions ).   If the exit-pole expectations goes wrong, we can see heavy correction (faster), otherwise also profit will be taken in view of good news in slow phase.   Since profit booking is inevitable, maintaining SL  is must for Short Term Traders or Positional Traders, with out sitting 'Bindaas'.

Friday also bottom fishing, which improved market breadth.  FIIs are buyers in Equity Market (232 cr) and net sellers Index Futures by 599 cr. worth of 17869 contracts (24880 contacts sold and 7011 short contracts squared off) by reducing OI by 31891.  But Bank Nifty has been covered from its lows and closed only with 13 pts minus.    Since cash flows are intact and new bank licenses are in news, Bank Nifty may get support @ 12520/12200 level. (SL levels @ 12430 & 12000).   As we going through shorter month (tradings days wise), and Corporate Results on the way along with Election Schedule, Market volatility will be improved and stock specific action will be higher than Nifty.

Today Market may open flat and trade in range bound in line with peer markets and in view of tomorrows holiday.   If market opens below 6700, 6670/6650 may act as support. and if it opens above 6710, 6730/6765 may act as resistance.

NIFTY SPOT LEVELS:
Pivot: 6707
Resistance: 6730/6764/6795
Support: 6672/6650/6615

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY:
BHEL EQ: SELL < 184.50 TRG 182/180 SL 186.50
RELCAPITAL EQ: BUY > 342 TRG 347 SL 338
RECL EQ: SELL < 228 TRG 224/220 SL 232.50
CENTURY TEXT EQ: BUY > 371 TRG 381 SL 364
CENTURYTEXT EQ: 

Thursday, April 3, 2014

04-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market is day of consolidation and profit booking, but it has created one more New High along with 4th day Hangman Candle.  As we expected this kind of sluggishness,  FIIs are in  selling side in smaller way in Index Futures and Buyers in Equity Segment.  FIIs buying and DIIs selling volumes are at same value for the worth of 717cr. approximately.  In Index Futures FIIs have sold  122.5 cr worth of 3481 contracts (1780 contracts longs squared off and  went  for 1701 contracts in shorts) by pushing OI by 79 contracts.  Market breadth also in negative and Rupee depreciated by 0.52 ps and closed @ 60.32.  But surprisingly Derivatives range has been widened  to range of 6400-6900 from its range of 6600-6800, which indicate more Volatility in coming Trades.  For Nifty 6690 sustaining becomes very important to continue its Bullish Trend,  if Nifty cuts and close below this level, we can expect more Profit Booking/Correction.   Pl. note as we indicated earlier, Stock Specific Action will continue and Traders should not miss SL to their Trades.

Today market may open with negative bias in line with its peer markets.   If Nifty opens above 6740 level, it may get correct from 6780 level and Day Traders can go short at this level with 6820 SL for target of 6690/6700.   If it opens below 6740 Nifty may get support at 6690/6700 level.

NIFTY SPOT LEVELS:
Pivot: 6736
Resistance: 6676/6816/6856
Support: 6696/6656/6616

NIFTY FnO BAN: LNTFH

STOCKS FOR DAY:
IRB INFRA EQ: BUY > 105.50 TRG 109 SL 103
PFC EQ: SELL < 192 TRG 185 SL 197
LICHSG EQ: SELL < 250 TRG 240/235 SL 257

Wednesday, April 2, 2014

03-04-2014 Market Technical View:

MARKET TREND:
Yesterday also Market has given new high (6763.50), but with 3rd Hangman Candle in series. Yesterday  Money has shifted from one Indices to other indices (yesterday from IT to Pharma).  As new quarter/financial year performance is on cards, analysts will sharp their swords, to bite their piece of fruits and this kind of stock specific movement will be witnessed in coming days.  Since Market is in over bought zone, simultaneously profit booking cant, be ruled out.  Averaging and Profit Booking should be short term strategy instead of going for new purchases.  In coming days HNIs and Volume Traders may park their funds in Debit Market to utilise the Re. volatility.  Based on their research, MFs and PMCs may prefer to shift their investments to better performed/projected companies.

Yesterday also FIIs have purchased 225 cr worth of Index Futures 6081 contracts (1574 shorts and 7655 long contracts) by adding OI of  9229 contracts.  FIIs are in buying side in Derivatives and Equity segment also, worth of 1374 & 595 cr. simultaneously.   Derivatives upper range was pushed to 6800 from 6700, but with low volumes compare to previous day.   But market breadth has been improved: 1080 advances 421 declines, which indicate the increased retailers confidence and participation. Rupee has been closed almost at same level of 59.80.

Today Market may open and continue in sluggish mood, till Europe Market opens.   Crossing yesterday's highs is critical to Nifty, market may close flat along with consolidate trades.  Day Traders can go short @ 6780 (spot level) with 6800/6820 SL by keeping pivot levels as target.

NIFTY SPOT LEVELS:
Pivot: 6746
Resistance: 6770/6796/6810
Support: 6730/6709/6690

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RECL EQ: BUY > 234 TRG 243 SL 228
DELTA CORP EQ: BUY > 101.50 TRG 106 SL 98

 Disclaimer: Above are my personal views for my own trades.  Visitors may re-check the facts, for conclusions.
 

Tuesday, April 1, 2014

02-04-2014 MARKET TECHNICAL VIEW:

MARKET TREND:
Yesterday Market has taken Breath (particularly in bank nifty), even though it maintained positive close.   It formed Hangman Candle on second day also, which is required support candle to take clear direction. Till Nifty crosses yesterday's high 6732 it can be treated as bearish candle.  Yesterday RBI policy turned as no issue event, with mixed comments, cash inflows continued and Rupees has been closed @ 59.79.   Derivatives OI continued in bullish, by pushing bottom support to 6600 from 6400.  FII are in buy side in Index futures by 59 cr worth 1017 contracts, by squaring off 3730 longs and 4747 shorts and OI contacts were reduced by 8477 contracts.  And Equity segment also they bought worth  of 385 cr, which resulted Positive Breadth to Market.  As we discussed yesterday, even though Market is not in Bubble, definitely it is in over bought (daily basis) phase, Short Term/Positional Traders should go for profit booking at higher levels (6780/6800).   As Indices values/prospectors will change along with Rupee movement (RBI may go for buying USD to improve their Reserves), stock specific action can be witnessed.
Today our Nifty likely to open with positive bias (may gap up) in line with SGX Nifty (45 pts up @ 8 am) and likely to be range bound with positive bias.  Day Traders can trade Nifty Futures by following pivot levels.

NIFTY SPOT LEVELS:
Pivot: 6709
Resistance: 6743/6766/6800
Support: 6686/6652/6630

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UPL EQ: BUY > 190 TRG 196 SL 187
SSLT EQ: BUY > 192 TRG 195 SL 187
LNTFH EQ: BUY > 74.50 TRG 76.50 SL 73.50
PRICOL EQ; BUY > 27.25 TRG 27.75/28.25 SL 26.75


Disclaimer:  These are all my personal views only and not to influence others.