MARKET TREND - ROARING STOCKS:
Market
moved yesterday as many expected along with UN-expected Terminal Break.
US market also created new record. Stock specific action continued
based on news and new (budget) expectations. Yesterday FIIs are net
sellers by 6919 Index Futures worth of 266.68cr by adding 1884 Shorts
and 5075 Longs Square off. Index Futures looses 3231 contracts OI along
with Market negative closing, which indicate Market is due for up
movement from day lows. PCR & RSI Divergence also indicate this up
movement. But due to profit booking in Mid cap and Small cap Indices
(particularly by DIIs), Market Breadth was in Negative in Second day
also. But in Equity Segment FIIs are net Buyers for worth of 950.82
cr. As Derivatives OI range is intact with in the range of 7500-8000
along with active range of 7600-8000, Nifty likely to be volatile in
these range as Budget News flows.
Today
Nifty likely to open with positive note and get support from its Pivot
level to close positive by end of the day. Crude Oil prices also will
be supportive to Market.
NIFTY SPOT LEVELS:
Pivot: 7725
Support: 7696/7677/7648
Resistance: 7744/7773/7792
NIFTY FnO BAN:
DISHTV, GMRINFRA, HDIL, IBREAL, UNITECH
STOCKS FOR DAY:
BHEL, APPOLOTYRES, ARVIND, TITAN 
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