MARKET TREND - ROARING STOCKS:
Friday
Nifty closed not only with Negative Bias, but also Technically Weak.
As over all profit booking seen among all Indices, Market Breadth is
fallen. FIIs are net sellers in Index Futures of 14989 contracts worth
of 574.76cr. (sold 9641longs and added 5348 shorts) by increasing
4293 in OI. But they are hedged with Index Options and Stocks Futures,
which given 760 c r positive Nos. Also they are net buyers in Equity
for worth of 1099.92 cr and DIIs also net buyers. These are indicate
that: Bulls/Positional Traders are not afraid of Market, but Traders
have taken advantage of negative news and went for profit profit
booking. Based on Fibonacci and Derivatives OI range, Nifty has support
at 7480 for near time. For time being Nifty active range is between
7500-7700.
With Peer Markets Influence, today Nifty may open with Negative Bias and try to get support at 7480 level.
NIFTY SPOT LEVELS:
Pivot: 7582
Support: 7485/7428/7332
Resistance: 7639/7735/7792
NIFTY FnO BAN: DISHTV, HDIL, LNTFH
STOCKS FOR DAY:
IBREAL, PETRONET, WHYTH
No comments:
Post a Comment