MARKET TREND - ROARING STOCKS:
Yesterday
Market taken breather with profit booking. But Up Trend was in tact
with out breaking 7440 level. Yesterday FIIs are net buyers in Index
Futures by going Short Coverage of 77922 contracts and adding shorts of
73875 contracts by net longs worth of 4047 contracts worth of 153.70 cr. In Equity Segment FIIs are net sellers for worth of 601.89 cr and DIIs are net buyers for worth of 170.92 cr. Due to Midcap sectors' profit booking Market Breadth was closed in Negative. But PCR was reduced to
0.84 from its 0.95 level, which indicate market was pulled to over sold
zone. In new series Derivatives OI range was increased to 7000-8000
along with active range of 7500-8000. As we are going to get lot of
news related to Budget and Economic Survey in coming 2 weeks, Market
volatility likely to increase in coming day advise traders to go for
trade with strict SL.
Today Nifty likely to open flat in line with SGX Nifty and try to test its support at 7440/7450 level.
NIFTY SPOT LEVELS:
Pivot: 7515
Support: 7459/7426/7370
Resistance: 7549/7604/7637
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TITAN, CCL PRODUCTS, JUBILAT, OMMETALINFRA.
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