MARKET TREND-ROARING STOCKS:
Yesterday
Nifty has taken its Trend Line Support, which we are mentioning from
last 2 weeks. Also it has completed its ABC support theory. Now it
is due for up move, which may it counter smaller resistance at 7520
level. As this week is Derivatives Near Series closing week, volatility will continue. Yesterday FIIs have added
11978 Longs and 12436 Shorts in Index Futures by recording Net Selling
of 458 contracts for worth of 15.28 cr. In Equity Market also FIIs are
net sellers for 214.49 cr and DIIs are net buyers for the worth of
117.43 cr. As we saw bottom fishing at Trend Support, Market Breadth
was improved. As Derivatives OI range is between 7500-7600 Nifty could be hold at this range for time being.
Today
Nifty likely to open with positive note in continuation to yesterdays'
pull back and likely to get resistance at 7620/7640 level.
NIFTY SPOT LEVELS:
Pivot: 7490
Resistance 7539/7583/7631
Support: 7446/7396/7351
NIFTY FnO BAN:
GMRINFRA, HDIL, JAIPRAKASH, IBREAL
STOCKS FOR DAY:
MUKAND ENG, LNTFH, DISHTV, GTLINFRA.
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