MARKET TREND - ROARING STOCKS:
Yesterday
Nifty witnessed coverage of accumulated shorts. FIIs are net buyers
in Equity and Derivative section, even though DIIs continued their
selling for 2nd day also. FIIs have added both longs and shorts in Index Futures segment for the worth of
7290 long and 5998 short contracts which net off 1292 buying for worth
of 52.34 cr. Market breadth continued its weakness. Rupee gained
marginally. Derivatives OI range is intact between 8000-8200 along
active range pointed at 8000.
Sentimentally
weaken market situation will confuse the traders (particularly
retailers), even though FED wants to take balanced action Vs Economic
growth and prefer to be neutral in positions which may increase
volatility.
Today Nifty likely open with gap down in line with our SGX Nity and other peer markets. 7930/7950 likely to act as supportive.
NIFTY SPOT LEVELS:
Pivot: 7968
Resistance: 7998/8021/8052
Support: 7944/7914/7891
STOCKS FnO BAN:
HDIL,GMRINFRA, IBREAL, IRB, JPASSIATES
STOCKS FOR DAY:
You may mail your NAME AND MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY/POSITIONAL CALLS through SMS.
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