27-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty witnessed some more roll over along with volatility.   FIIs are net buyers in Equity and Derivatives segment for worth of 364.72 and 269.05 cr respectively.   FIIs have bought 3768  longs and 2951 short coverages by increasing of 817 contracts.   DIIs are net sellers for the worth of 259.18 cr.  Market breadth closed in negative and along with rupee (60.51).  Derivative OI is intact between 7700-8000 along with increased active range to 7900.   Nifty resistance continued at 7920/7940 level  and support at 7780/7800 level, which we are witnessing from last 4 trading sessions.   Volume and Value indicators suggest that: sell at highs during this settlement period.   As cash flows are intact, Govt. revamping measures are encouraging, we can see good roll overs by which market range will be intact for time being.

Today Nifty likely to open with positive note and likely to be volatile.   Day traders can go short with 7940/7950 SL.

NIFTY SPOT LEVELS:

Pivot: 7894

Resistance: 7925/7947/7979

Support: 7873/7841/7820

NIFTY FnO BAN:

IBREAL, IRB INFRA, JAIPRAKASH

STOCKS FOR DAY:

PETRONET LNG EQ: BUY > 182 TRG 186 SL 180

AJANTA PHARMA EQ: BUY > 1622 TRG 1644 SL 1604

SHASUN PHARMA EQ: SELL < 222 TRG 210/200 SL 232

DLINK EQ: SELL < 93.75 TRG 91/88.75 SL 98