MARKET TREND - ROARING STOCKS:
Yesterday
Nifty capped at 7700 and closed with negative bias, as we are informing
from last 2 sessions. But Nifty has not broken its 1st support level
of 7580. FIIs have added 4209 longs and 2223 shorts in Index Futures
Segment by increasing OI of 6432 Contracts. PCR was reached near to
1.00 by decreasing its Market Breadth. FIIs and DIIs are net sellers in
Equity Segment. As Nifty technically weaken from last 2 days,
obviously traders are going for profit booking. This can be an
opportunity for Positional Traders/Short Term Traders to buy stocks on
lows. As Nifty Bullish Trend will be intact till 7440/7425 broken,
bulls will try to buy at every lows. Value buying in selective strips
can witness.
Today
Nifty likely to open flat with negative bias and may witness range
bound market. Nifty likely to get support at 7575 and 7520 level.
NIFTY SPOT LEVELS:
Pivot: 7639
Resistance: 7688/7749/7799
Support: 7577/7527/7466
NIFTY FnO BAN: DISH TV, IBREAL,HDIL, UNITECH
STOCKS FOR DAY:
AMTEK INDIA, POLARIS. KWALITY LTD (BETWEEN 45-47 WITH SL 42)
No comments:
Post a Comment