MARKET TREND:
Yesterday
Nifty has taken support from its Pivotal supporting level. Nifty is being in over
sold zone, bottom fishing/value buying has taken place. Even though
Fibonacci levels have broken, Nifty closed marginally in positive. By
and large Bulls were put under shell for time being. Yesterday also
FIIs are net sellers in Index Future of 8987 contracts for worth of
300.19 cr. by squaring of 11211 longs and 2224 of short contracts by
decreasing open interest 13435. But FIIs are buyers in Equity Segment
for worth of 363 cr and DIIs are sellers for worth of 120 cr. Market
breadth is weaken due to poor sentimental. As options OI range is in
between 6400-7000 with active trading of 6500 PE and 7000 CE.
Today
Nifty likely to open flat and try for its support from lower and get
consolidate to establish its uptrend. Nifty likley to get support
6580/6615 level.
NIFTY SPOT LEVELS:
Pivot: 6663
Resistance: 6685/6712/6735
Support: 6636/6615/6585
NIFTY FnO BAN: REL. CAPITAL
STOCKS FOR DAY:
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