MARKET TREND - ROARING STOCKS:
Yesterday Market faced volatility due to
Traders & Investors shifting from Index to Index and with influence
of Peer Markets. As most of the stocks have made good journey with
Budget Expectations and Product Prospectors, Short Term Traders and
Investors may go for Profit Booking by using Good News or they Feel
Disappointment with Budget priorities. Yesterday even though Nifty recorded New High, FIIs are net Sellers in Equity Segment and Index Futures for worth of 1487.39 cr and
850.60 cr respectively (by adding 9987 Shorts and 11849 Longs squared
off for worth of 850.60cr). RSI also seconding this inner weakness But
DIIs are net buyers worth of 198.57 cr. Market breadth is in Positive. PCR (0.67) showing over sold situation. These are indicate that: Market can absorb some more money along with volatility.
Today
Nifty may open flat in line with Peer Markets and go for profit booking
at every high. 7850 has got Trend Line Resistance.
NIFTY SPOT LEVELS:
Pivot: 7778
Resistance: 7801/7815/7838
Support: 7764/7741/7727
NIFTY FnO BAN:
GMR INFRA, IBREAL, UNITECH
STOCKS FOR DAY:
RECL, GANESH HOUSING, DHFL, RELINFRA
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