28-07-2014 MARKET TREND VIEW:

MARKET TREND - ROARING STOCKS:

Nifty has done good journey during this settlement time.    Friday Nifty had reversal candle along with negative divergence.    Friday FIIs are net sellers of 852 contracts 31.27 cr (sold 10211 contract and short covered 9359 contracts of Index Futures).  But FIIs are net buyers in Equity segment by 125.51 cr and DIIs are net sellers worth of 210.02 Cr.   Market Breadth also closed in negative.   PCR still above 1.07.  Derivatives OI intact between 7700 - 8000 along with  7800 active position.   

In view of Derivatives closing session, (away from 2 working days), Market likely to be volatile.    Nifty likely to get resistance at 7840 level.   Nifty First Support lies at 7745/7750 and there on 7700/7680. 

NIFTY SPOT LEVELS:

Pivot: 7793

Resistance: 7838/7885/7930

Support: 7745/7700/7653

NIFTY FnO BAN:

GMR INFRA, HDIL, IBREAL, IRB, JAIPRAKASH

STOCKS FOR DAY: (BASED ON NIFTY TREND TRAILING SL CAN APPLY)

KTKBANK EQ: SELL < 130 TRG 126 SL 133

DISH TV EQ: SELL < 60 TRG 57.50 SL 61.50

SUNPHARMA EQ: BUY > 772 TRG 795 SL 760

EMAMI EQ: BUY > 548 TRG 564 SL 535