MARKET TREND - ROARING STOCKS:
Friday
Market also witnessed profit booking front line stocks and bottom
fishing in smaller indices. Due to that, even though market breadth
improved Nifty closed in negative. On Friday also in Equity Segment,
FIIs are net buyers and DIIs are net sellers for the worth of 310.51cr
and 354.81 respectively. In Index Futures segment FIIs are sellers of
14659 contracts worth of 593.93 cr. FIIs have went for short coverage
of 11366 contracts and short of 3293 contracts. This week market
likely to be more volatile with the influence of Ganesh Nimarjan,
(Monday) Coal Case (Tuesday) and CPI data and other Economic data
(Friday). Derivatives OI range is intact between 8000-8200 along with
Active range at same level. As China Market closes today and Hong kong
market closes tomorrow due to local festivals, morning session market
may not get much clues from Peer Markets and will be influenced by
Europe Markets.
Today
Nifty likely to open with positive note in line with our SGX Nifty and
may witness profit booking at Highs. Day Traders can go short above
8140 with SL 8160 levels. Positional Traders may extend their SL to
8195/8200 level.
NIFTY SPOT LEVELS:
Pivot: 8086
Resistance: 8123/8159/8195
Support: 8050/8014/7977
NIFTY FnO BAN: HDIL, IBREAL, JP ASSOCIATES
STOCKS FOR DAY:
You may mail your MOBILE No. AND NAME to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY CALLS AND POSITIONAL CALLS through SMS.
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