MARKET TREND - ROARING STOCKS:
Yesterday
Nifty faced profit booking, after its try to meet High (sensex met new
high). Derivative OI range also reduced to the real range of 7000-7500
with active range of 7400-7500. Yesterday FIIs have bought 8609 Index
Future Contracts worth of 334.80 cr. (1985 longs and 6624 shorts
squared off). In Equity FIIs and DIIs are net sellers. As
Derivatives near series are closing on 29th, profit booking is
inevitable by traders, which will force market volatility. 7480/7500 likely to act as resistance for this series.
Nifty likely to open weak and may witness profit booking at highs. 7200/7250 likely to act as support for this closing.
NIFTY SPOT LEVELS:
Pivot: 7377
Resistance: 7495/7612/7720
Support: 7250/7142/7015
NIFTY FnO BAN: UNITECH
STOCKS FOR DAY:
IBREAL; DISH TV; KPIT; HDIL
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