MARKET TREND - ROARING STOCKS:
Yesterday
Nifty got corrected as we expected along volatility. One Good thing
in these disgusted Market is; Moving as per its Technical Values but not
in Havoc or with Vague values. Yesterday FIIs and DIIs are net Buyers
in Equity Market for worth of 283.97 and 32.59 cr respectively. Due to
off-late selling pressure, Market Breadth was weakened and closed in
negative. Rupee more De-valued than previous day. In Index Futures Segment FIIs are Net Sellers by adding
8682 Longs and 17158 Short contracts for worth of 323.68 cr. Index
Futures OI increased by 25840 contracts. 50 DMA is challenging Nifty
and we have to see, whether today Nifty can hold or not. Derivative OI
range is intact between 7300-8000 along with active range of 7700-7800,
Nifty can get support at its 1st level of 7640/7650 and strong support
of 7590. Traders should continue their traders with 7580 SL.
Nifty likely to open with negative/flat in line with peer markets and likely to go for consolidation.
NIFTY SPOT LEVELS:
Pivot: 7691
Support: 7640/7608/7558
Resistance: 7722/7772/7804
NIFTY FnO BAN: IBREAL
STOCKS FOR DAY:
ASIAN PAINTS EQ: BUY > 640 TRG 650 SL 629
TECHMAH EQ: BUY > 2191 TRG 2213 SL 2177
MARUTI EQ : SELL < 2645 TRG 2621 SL 2662
EXIDE EQ: SELL < 161 TRG 159.50/158 SL 163
No comments:
Post a Comment