Tuesday, July 1, 2014

02-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING  STOCKS:
Yesterday FIIs are net sellers of 1229 contracts worth of 47.41 cr. in Index Futures by adding Longs 2684 and Shorts of 3913 contracts.  We may please to note that in recent days: FIIs stocks specific Buying is much more than their Shorts accumulation in Index Futures.   In Equity Segment they are net Buyers worth of 856.35 cr and DIIs are net sellers worth of 774.66 cr.   Market Breadth was maintained its positiveness.    With Yesterday's consolidation Nifty may test its earlier High and try to cross its near high of 7700.

Today Nifty may open with positive note in line with SGX Nifty and may try to hit the resistance range.

NIFTY SPOT LEVELS:
Pivot: 7634
Resistance: 7650/7665/7681
Support: 7618/7602/7587

NIFTY FnO BAN: DISH TV, HDIL

STOCKS FOR DAY:
IRB, JINDAL HOLDING, ATLANTA

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