MARKET TREND - ROARING STOCKS:
Friday
we all witnessed profit booking in view of position square off and week
end position closing in view of Iraq Tensions. Off late Govt.
increase in Transport Charges also weaken sentiment. As we have
entered in last week of near future session, profit booking or roll over
is inevitable and market likely to be volatile. As per PCR (0.82)
Market continuing its below sold status. Friday FIIs are marginal
buyers in Index Future Contracts worth of 41 cr 1027 contracts. FIIs
are net sellers in Equity Market worth of 220.65 cr and DIIs are net
buyers worth of 73.85 cr. On daily charts Nifty has near support at
7511, after 7440/7450 and near time support at 7350. Immediate
Resistance at 7620 level. Once 7350 breaks next support for Nifty lies
at 7200 level.
NIFTY SPOT LEVELS:
Pivot: 7523
Resistance: 7549/7585/7613
Support: 7485/7460/7422
NIFTY FnO BAN:
DISHTV, HDIL, IBREAL, LNTFH, GMRINFRA
STOCKS FOR DAY:
LONGS: PANTALOON, SUVEN LIFE,
SHORTS: ADANI ENT; DELTA CORP, 
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