MARKET TREND - ROARING STOCKS:
Yesterday India Vix has touched its lowest point of 11.02. Yesterday all the day Nifty moved below its opening level. Even though it tried from 8130 level, selling pressure witness at every highs. In Index Futures FIIs have sold 6537 contracts worth of 267.63 cr by adding 11115 shorts and 4578 contracts short coverages, by which resulted decrease of OI by 15693 contracts. But in Equity segment FIIs are net buyers of 479.40cr. But DIIs have continued their selling and today they sold worth of 752.09cr. Due to small cap participation, market breadth closed positively. As trend resistance is at 8200 level and derivative highest OI range is also at 8200 level, Nifty may get resistance at this point.
In line with its Peer Markets, today Nifty likely to open with gap down and may test weekly low. As Trend Resistance is at 8200 level, day traders can go short with 8000/8025 SL.
NIFTY SPOT LEVELS:
Pivot: 8151
Resistance: 8176/8199/8225
Support: 8128/8103/8080
NIFTY FnO BAN:
HDIL, IBREAL, JPASSOCIATES
STOCKS FOR DAY:
YOU MAY MAIL YOUR name and mobile no. to ROARINGSTOCKS@REIDFFMAIL.COM to get DAY & POSITIONAL CALLS through SMS.
Yesterday India Vix has touched its lowest point of 11.02. Yesterday all the day Nifty moved below its opening level. Even though it tried from 8130 level, selling pressure witness at every highs. In Index Futures FIIs have sold 6537 contracts worth of 267.63 cr by adding 11115 shorts and 4578 contracts short coverages, by which resulted decrease of OI by 15693 contracts. But in Equity segment FIIs are net buyers of 479.40cr. But DIIs have continued their selling and today they sold worth of 752.09cr. Due to small cap participation, market breadth closed positively. As trend resistance is at 8200 level and derivative highest OI range is also at 8200 level, Nifty may get resistance at this point.
In line with its Peer Markets, today Nifty likely to open with gap down and may test weekly low. As Trend Resistance is at 8200 level, day traders can go short with 8000/8025 SL.
NIFTY SPOT LEVELS:
Pivot: 8151
Resistance: 8176/8199/8225
Support: 8128/8103/8080
NIFTY FnO BAN:
HDIL, IBREAL, JPASSOCIATES
STOCKS FOR DAY:
YOU MAY MAIL YOUR name and mobile no. to ROARINGSTOCKS@REIDFFMAIL.COM to get DAY & POSITIONAL CALLS through SMS.
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