MARKET TREND - ROARING STOCKS:
Yesterday
Nifty has maintained its upbeat and closed at New High. FIIs are
net buyers in Equity and Derivative sessions along with positive market
breadth. DIIs also in buying side. FIIs have added 1446 shorts and
6980 long contracts by increasing OI by 8426 contracts. PCR was
shooed to more than 1 level (1.06) along with active range of OI to
7800-7900 level. As market shorts are almost covered which created at
higher level, bulls will try to en-cash this upbeat and likely to create
shorts at market high. Now Trend line and Fibonacci resistance is
lying at 7980 level. As market is likely to take breather, from
7945/7960 level and from its continuous positive closings, day
traders/short term traders can trader for lower side with SL 7980.
NIFTY SPOT LEVELS:
Pivot: 7845
Resistance: 7910/7945/8011
Support: 7809/7744/7707
NIFTY FnO BAN: UNITECH
STOCKS FOR DAY:
ICICIBANK EQ: BUY > 1516 TRG 1551/1568 SL 1496
LIC HSG EQ: BUY > 291 TRG 298 SL 287
DELTA CORP EQ: BUY > 80.50 TRG 91.75 SL 88
CARRIER POINT EQ: SELL < 107 TRG 103 SL 110
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