MARKET TREND - ROARING STOCKS:
Yesterday
Nifty had one more consolidation with in the range of support. FIIs
are in Long in the segments of Equity and Index Futures. They bought
652 cr in Equity Segment and 151.94 cr of Index Future contracts by
adding 10410 longs & 6437 shorts by increasing OI by 16847
contracts. Market Breadth maintained positive. Rupee also gained.
PCR maintained below 1.. (0.88). Yesterday's IIP date also positive
along with inflation range. Derivatives active range is between
7600-7700 along with highest range of 7500-8000. As we informed earlier
unless Nifty closes below 7580, First level correction will not start.
If the Nifty broken 7440, 2nd level of correction will take place. As
the Nifty topped at 7700 for time being, traders should maintain these
levels and may go for positional trades.
Today Nifty likely to open with negative bias and may be volatile in view of week end and likely to close in minus.
NIFTY SPOT LEVELS:
Pivot: 7634
Resistance: 7674/7698/7738
Support: 7610/7570/7545
NIFTY FnO BAN: DISHTV, IBREAL, HDIL, LNTFH
STOCKS FOR DAY:
ADFFOOD; LAKSHMI MACHINERY
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