15-09-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Friday Nifty had pull back journey with the help of bottom fishing and square off positions, in view of Economic Data, which has released after business hours.   Friday economic data is mixed and below expectations, in particular micro data.  FIIs are net sellers total derivative section by 1283.64cr. In particular Equity Segment FIIs are net buyers by 182.80 cr.  DIIs are net sellers by 208.44cr.   In Index Futures FIIs are net sellers of 12235 contracts worth of 496.93cr.  FIIs have sold 8712 contracts and added 3523 .  shorts.  OI of index futures have decreased by 5189 contracts.    Derivatives OI range is increased to 8000-8300 (100pts increase in upper side), but active point is neutralised to 8100.   Now critical support (EOD) for Nifty is at 8050, 8020 & 7980 level.  EOD resistance lies at 8160.   In view of Fed meeting, most of the positional traders may not like to carry their positions and likely to square of during market volatility.

Today Nifty likely open with gap down in line with peer markets.  8050 may act as 1st support.

NIFTY SPOT LEVELS:

Pivot: 8097

Support: 8080/8054/8037

Resistance: 8123/8140/8165

NIFTY FnO BAN: IBREAL, IRB & JPASSOCIATES

STOCKS FOR DAY:

You may mail y our MOBILE AND NAME to ROARINGSTOCKS@REDIFFMAIL.COM to get day and positional calls through SMS