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
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