MARKET TREND - ROARING STOCKS:
Yesterday
RBI policy was taken by Market as positive step but it is not
overjoyed. As many news are floating regarding cash flows, Equity
Market likely to be range bound till the final advantages worked out.
Derivatives OI active range (7300-7500) confirms this views, even though
OI highest range is intact between 7000-7500. Yesterday FIIs have sold
3574 contracts of Index Futures for worth of 132.47cr, but they are net
Buyers in Equity Market for worth of 579cr. Stock specific action
likely to continue till the Nifty breaks its range 7300 & 7500.
Even with positive action of RBI, Bank Nifty is not overwhelmed, which
indicates the sluggishness in Market.
Today
Nifty likely to open flat and may get resistance at 7450. If the
Nifty closes above 7460 for a day or two Nifty likely to test 7580/7600
levels.
NIFTY SPOT LEVELS:
Pivot: 7394
Resistance: 7446/7477/7530
Support: 7363/7311/7281
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ADANI PORT; JAIPRAKASH; 
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