MARKET TREND-ROARINGSTOCKS:
Yesterday nifty got some consolidation due short coverage by FIIs.
FIIs have covered Index Futures worth of 652 cr by Square off 17844
shorts and 375 long contracts. OI has been improved by 18219 contracts.
Even though Long Cap stocks not much parted, due to Mid Cap
participation Market breadth has been improved. Derivatives highest OI range is intact between 7000-8000, but active range has been changed to 7400-7200. As PCR @ 0.77 and India Vix is below the Mean Average. All these kind contrast indications gives clue that market is looking for volume break to take market direction.
Today Nifty likely to open flat and get consolidate.
NIFTY SPOT LEVELS:
Pivot: 7292
Resistance: 7337/7398/7443
Support: 7231/7186/7125
NIFTY FnO BAN:
DISH & UNITECH
STOCKS FOR DAY:
PETRONET LNG; AUTOLINE IND
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