26-06-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty was little volatile and closed in negative due to week data/support from Europe Market.   Yesterday FIIs have added 17362 Longs and 12832 Short Contracts in Index Futures by netting 4530 contracts worth of 177.82 cr in Buying.  In Equity Segment aslo FIIs are in Long by 695.63 cr and DIIs are net sellers for worth of 433.63 cr.   Market Breadth is in positive, due to Mid cap stocks participation.  Derivative PCR reached almost to neutral status (0.95).   Even though money flow indicators are in positive volume indicators is having negative divergence.   As today is Near Derivative Contract Session is getting expire, obviously volatility will be there in Nifty.   As Nifty is countering Trend Line Resistance at 7600 level and active derivatives' higher side OI is also at 7600, this level should be watched.   Unless Nifty gets volume break, Nifty may not able to cross 7620/7640 level.

Nifty may open flat and Economy related news like Postponing Gas Price and allowing PF funds to more in Equity Funds may force Market to range bound.

NIFTY SPOT LEVELS:

Pivot: 7572

Resistance: 7587/7605/7620

Support: 7554/7539/7522

NIFTY FnO BAN:

DISH, UNITECH, GMR INFRA, IBREAL

STOCKS FOR DAY: