MARKET TREND - ROARING STOCKS:

Nifty getting corrected from its false growth (supply demand mismatch).   As Budget is given route map for most of the indices, stock valuation is more important in relevant to on going quarterly results.  As most of the corporates are planning for fund raising through many kinds of (qip, gdr, ipo, ncds, cross holding, open offers and amalgamation etc) financial instruments and other routes, one should understand the impact of that developments and short term and long term effects and go for positional calls or investments.   Any how technical traders are advised to maintain strict SL.  

On friday FIIs are net sellers in Equity and Index Futures segment for worth of 723.48cr and 533.84 cr respectively.   FIIs have added 12966 short contracts and sold 1461 long contracts in index futures by decreasing OI 17349 contracts.  Nifty Trend Line support is at 7440 is more important to hold the Nifty at this range.   Derivatives OI range is intact between 7500-8000, even though active range shrink to 7500-7700 level.

NIFTY SPOT LEVELS:

Pivot: 7510

Resistance: 7575/7690/7753

Support: 7395/7332/7217

NIFTY FnO BAN: DISH, GMR INFRA, HDIL

STOCKS FOR DAY: (POSITIONAL INVESTMENT)

JVLAGRO, IBPOWER