MARKET TREND - ROARING STOCKS:
Friday
Nifty closed at its ne high irrespective of its peer markets closed in
red. FIIs are net buyers in both Equity and Index Futures Segment for
the worth of 302.06 cr and 448.55 cr respectively. FIIs have added 9621
long contracts along with going for short coverage of 1664 contracts,
for which OI increased by 7957 contacts. DIIs are net sellers in Equity
Market for worth of 183.64 cr. Market Breadth also weakened , due to
selling pressure in mid cap and small cap segment As we have neared to
the near month derivatives session, and unrest prevailing in Gulf and
Syria, due to the fear of US attacks and going to have smaller trading
week (in view of Ganesh Festival), Nifty will be more volatile and
traders advised to maintain strict SL to minimise their trading cost.
As Nifty closed at new high with out having much shorts in the system,
only roll over pressure will continue till the settlement.
Today Nifty likely to open Flat in line with peer markets and likely to get support at 7880/7900 level and may close with positive note.
NIFTY SPOT LEVELS:
Pivot: 7914
Resistance : 7928/7943/7957
Support: 7899/7885/7870
NIFTY FnO BAN:
HDIL, IBREAL, IRBINFRA, UNITECH
STOCKS FOR DAY:
TITAN EQ: BUY > 365 TRG 369/373 SL 359
ENGINEERS INDIA EQ: BUY > 238 TRG 241/243 SL 236 (POSITIONAL WITH TRAILING SL)
DLF EQ: SELL < 195 TRG 193/190 SL 197.50
MARUTI EQ: SELL < 2750 TRG 2733/2711 SL 2772
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