MARKET TREND - ROARING STOCKS:
Yesterday
Nifty moved as we expected and played volatile. As the short coverage
has taken place simultaneous profit booking market was played volatile.
Yesterday FIIs are net buyers in Equity Segment for worth of
1607.74cr and DIIs are net sellers for the worth of 555.23 cr. Market
breadth weakness shows profit booking in mid cap and small cap. From
last 2 days, due to good quantum of Bulk Buying in selective stocks
keeping the inflow as positive. In Index Futures segment FIIs have
sold 14626 contacts worth of 591.32 cr by selling 20013long contracts
and short covering of 5387 contracts. Mostly they sold index futures
and stock futures and bought index options and stock options. By and
large Nifty has become sell at highs with longer SL of 8180/8200. Derivative OI range is intact between 8000-8200.
Today
Nifty likely to open with negative bias and may witness profit booking
at every high movement. Stock specific action likely to continue. Bank
Nifty likely to face more volatility in view of ECB action.
NIFTY SPOT LEVELS:
Pivot: 8090
Resistance: 8120/8144/8174
Support: 8066/8036/8012
NIFTY FnO BAN: IBREAL, JPASSOCIATES
STOCKS FOR DAY:
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