MARKET TREND - ROARING STOCKS:
Yesterday
Nifty gained more than its Technical value and got 2nd confirmation of
its support of 7450 level. FIIs are net sellers in Index Futures by
selling 4861 contracts (sold 1330 longs and adding 3531 shorts) worth
of 189.73 cr. In Equity segment they bought minimum value of 48 cr and
DIIs sold worth of 236.79 cr. Nifty likely to get smaller resistance
at 7650/7655 before it testing 7700. In case nifty cross 7700, next
target could be 8000 level in near future. Cash flows are continuing,
in every lows buying is witnessing. Yesterday also we witnessed over all
Indices Participation and improvement in Market Breadth.
Nifty likely to open positive and likely to volatile and may continue its buying spell.
NIFTY SPOT LEVELS:
Pivot: 7593
Resistance: 7676/7721/7805
Support: 7548/7485/7420
NIFTY FnO BAN: DISHTV, IBREAL, LNTFH, UNITECH
STOCKS FOR DAY:
CHAMBAL FERT, HIMAT SEIDE, BSL LTD, EKC,
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