MARKET TREND - ROARING STOCKS:
Yesterday
Nifty has continued its consolidation, after taking support (day
before) from 7440 level. FIIs are net buyers of 16287 Index Future
contracts worth of 623.57 cr. They added 20651 Longs along with Short
of 4364 contracts Derivatives over all (futures & options) OI has
been increased by 25015 contracts. But Nifty Index Futures OI has been
reduced to recent (5-5-14) low level of 1.31 cr. In Equity Segment
also FIIs are net Buyers of 284.61 cr and DIIs are net Sellers of
216.17cr . Market over all Breadth also improved. News floating
regarding: Govt. Economy improvement measures are supporting to many
sectors. Market not taken negatively the Freight Increase and Gas
Prices increase. Dealing with Bottle Necks are being taken positively
by the Financial Analysts and Rating Agencies and go on supporting
Indian Market.
Nifty
likely to open Flat in line with Peer Markets and likely to get witness
accumulation buying in selective stocks and likely to close in
positive. Iraq war news and US's GDP data my poise trend and may force
Nifty to play in range.
NIFTY SPOT LEVELS:
Pivot: 7562
Resistance: 7610/7641/7689
Support: 7532/7484/7454
NIFTY FnO BAN:
GMR INFRA, HDIL, IBREAL & JAIPRAKASH
STOCKS FOR DAY:
LANDMARK PROP; ESSDEE; JAYAGRORG; OMKARCHEM
NOTE: NBFCs like recl, pfc, hdfc are likely to be in positive. 
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