MARKET TREND - RORAING STOCKS:
Friday
Nifty moved as many of us expected. It has taken Technical Support
from selective stocks. FIIs are net Buyers in Equity for worth of
943.19 cr and DIIs have sold worth of 853.10 cr. In Index Futures FIIs
are net Buyers of 1417 contracts worth of 53.40 cr.. by adding 3470
Longs and 2053 Short contracts by net decreasing OI of 5523 contracts.
Market Breadth was closed in Positive. PCR and RSI is not yet in over
bought zone. Trend Line Resistance at 7850 level. As this Week
Market is going to be driven by Budget News and Quarterly Results of
Corporates, volatility will be high and traders should be careful in
their day trades/positional traders with strict SL.
Today
Nifty likely to open with Positive Note and likely to be range bound.
Positional Traders will wait for Budget and Day traders can trade with
Pivot levels with strict SL.
NIFTY SPOT LEVELS:
Pivot: 7723
Resistance: 7786/7820/7882
Support: 7689/7626/7592
NIFTY FnO BAN:
DISHTV, GMRINFRA, HDIL, IBREAL, UNITECH
STOCKS FOR DAY:
POLARIS, JINDALDRILL, PTC FIN SER, PATEL INT. LOG
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