MARKET TREND - ROARING STOCKS:
Yesterday also Nifty has tried for another high, which is technically very much respectable. FIIs have bought 20300 long Index Futures and Shorts 10824 on net off 9476 longs for worth of 364 cr. In Equity Segment also FIIs are in long side, but DIIs are in selling side. Market Breadth continued its positiveness. As Nifty continuing its creeping at bottom side of Trend Line, AD and Stochastic
Indicators are running weak, traders should be ready for correction from
its next resistance level of 7740/7750 on intra basis and on EOD basis
7800/7850. Active Derivatives range also zoomed to 7500-7700 level,
even though Highest OI range in tact between 7000-7500 level.
Today Nifty likely to open flat with influence of its Peer Markets and likely to get consolidate its range.
NIFTY SPOT LEVELS:
Pivot: 7636
Resistance: 7692/7730/7785
Support: 7598/7542/7505
NIFTY FnO BAN: DISHTV, IBREAL, UNITECH
STOCKS FOR DAY:
HINDUJA VENTURES, RECL & PFC.
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