MARKET TREND - ROARING STOCKS:
Monday
Nifty moved in response to the economic data which released on Friday
and Monday. Profit booking is inevitable, market taken opportunity to
book profits and as well as consolidation of price with volumes. FIIs
and DIIs both are marginal sellers in Equity Market 74.59 and 74.49 cr
respectively. In Index Futures FIIs are net sellers of 1394.93 cr worth
of 34595 contracts. FIIs have sold 13877 longs and added 20718 short
contracts by which OI increased by 6841 contracts. As bottom fishing
has taken place in small and mid cap segments, market breadth has
improved, even in minus market. Rupee weakened to level of
61.07.Derivative open interest decreased to its previous level of
8000-8200 along with active range of 8000-8100 level. As of now 7980
and 8135 level becomes important to observe. Today's US data is
expected mostly with negative bias, market can't expect much support
from peer markets and may be forced to play range bound.
Today Nifty likely to open with negative bias and likely to go for short coverage within range of 7980-8135 .
NIFTY SPOT LEVELS:
Pivot: 8049
Resistance: 8070/8097/8116
Support: 8022/8002/7975
NIFTY FnO BAN:
IBREAL, IRB, JP ASSOCIATES
STOCKS FOR DAY:
You may mail your Name and Mobiline No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POSITIONAL CALLS through SMS.
No comments:
Post a Comment