MARKET TREND:
STOCKS FOR DAY:
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
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