MARKET TREND - ROARINGSTOCKS:
Yesterday Nifty had fantastic move without giving any chance to day traders to participate.
Many people might have read as short covering and wait for Nifty to
reduce its level. This coverage was not happened with Bears short
coverage. In fact with the both Bulls and Bears participation it has happened. Yesterday FIIs have added 22204 Longs and added 6327 Shorts in Index Futures, which resulted net buy of 15877contracts worth of 644.82 cr. In Equity Segment FIIs have sold 9.57 cr worth and DIIs have bought 84.45cr.
With the influence of FED News, Nifty exhilaration and China PM Visit, bottom
fishing has taken place in low value stocks, which resulted improvement
in Market Breadth. Derivative OI interest is intact between 8000-8200 along with improve active of 8000-8100. Rupee Marginally strengthened.
Today
Market may witness 'calmness after storm' situation by moving within
range of 8050-8180. If Nifty opens above 8115, 8155 and 8180 will be
resistance and 8050 to be as supportive. Weak end should be keep in
mind while taking the positions.
NIFTY SPOT LEVELS:
Pivot: 8058
Resistance: 8177/8240/8353
Support: 7996/7877/7815
NIFTY FnO BAN: GMRINFRA, IBREAL & UNITECH.
STOCKS FOR DAY:
You may mail your NAME & MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POSITIONAL CALLS through SMS.
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