MARKET TREND - ROARING STOCKS:
Yesterday Nifty had hectic day due to Iraq unrest and attacks on oil fields. Still with out breaking previous days low it has losses 74 points. FIIs are net buyers (5729 Index Future Contracts by Square off 9774 longs and 15503 short contracts) for worth of 216.13 cr. In Equity Segment also FIIs and DIIs are in long side. As market become cautious Market Breadth was in Negative. Derivatives Higher Level OI reduced
7700 from its 8000 level. But bottom was intact at 7500. Active range
of OI also intact between 7500-7700, Market closing in Minus and Adding
Index Futures indicates that; Nifty likely to be plus in near future.
As we are nearing Derivatives Near Months Session closing, market
volatility likely to continue, which in order CE & PE premiums will
be narrowed.
In line with Peer Markets, our Nifty also likely to open with positive note and likely to be positive by witnessing buying at every lows.
NIFTY SPOT LEVELS:
Pivot: 7579
Resistance: 7642/7726/7790
Support: 7494/7431/7347
NIFTY FnO BAN: DISH, IBREAL, UNITECH, LNTFH
STOCKS FOR DAY:
TVS MOTORS, IDEA.
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