MARKET TREND - ROARING STOCKS:
Don't
you think any body will be get tired with marthan? Even though Nifty
closed at new high, iour Nifty also got tired after 9 days marthan. As
we informed in our yesterday note, Nifty got resistance at 8140
Hurdle. Many factors like poor HSBC PMI data, Ukraine Tension, Rupee
Strength and Over Bought situations have influenced Nifty to halt at
8142.
Yesterday also FIIs are net
buyers in Equity Segment for worth of 1288.57 cr and DIIs ae net sellers
for worth of 469.69cr. In Index Futures Segment, FII are net sellers
of 8199 contracts worth of 333.51 cr by adding 9150 shorts and 951 long
contracts. As DIIs are in selling side, FIIs have become darling of
front line stocks, market breadth weakened.
Today Nifty likely to open with negative note in line with peer markets
and with persisting weakness. Nifty likely to get support at 8020/8040
level. Profit booking and as well as Short Coverage may force market to
be volatile.
NIFTY SPOT LEVELS:
Pivot: 8116
Support: 8090/8066/8040
Resistance: 8140/8165/8190
NIFTY FnO BAN: IBREAL
STOCKS FOR DAY:
Your may mail your: MOBILE No. ALONG WITH YOUR NAME to ROARINGSTOCKS@REDIFFMAIL.COM to enable us to send SMS our daily and positional call.
No comments:
Post a Comment