MARKET TREND-ROARRINGSTOCKS
16th
May, 2014 is become Remarkable Day in the Indian History. BJP's (MODI)
election performance is Fantastic and Rooted out Opponents. Even
though it (not having strong opposition) is not advisable to Democracy,
India needs Strong Govt., and it has become True and let us hope it will
be Good also.
Regarding
Nifty, it has happen as many Technical Analysis's have expected.
Nifty Vis has touched its Mean Average of 21 level and Nifty has touched
its High. As usual FIIs have taken their Muscle Power and bought
3635 cr of Equities and Sold 5293cr in Derivatives (futures &
options) Sector. They Sold 11457 Long contracts and accumulated 11124
Short contracts in Index Futures for the net worth (-)847 cr.
As
we all know Technical Indicators will not work, when ever Sentimental
Factors, News Flows are dominate, better to go with Delivery Based
Trades with Strict SL. As Nifty showing: still Over Sold Status, India
Vix at Mean Level, FIIs carrying Derivative Shorts and Long Equities
gives the indication, that market is in Buy at Lows Mode for shorter
term and obviously volatility will be higer.:
NIFTY SPOT LEVELS: (Pivots may not work for couple days)
NIFTY FnO BAN: NIL
STOCKS TO WATCH:
SUNTV, HDFC, WIPRO & VALECHA ENG:
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