MARKET TREND - ROARING STOCKS:
Yesterday Nifty witnessed hectic activity by BULLS and BEARS which created tug-of-war situation. FIIs activity in Derivatives confirms the hectic activity. FIIs have added 45058 Longs and 41536 Shorts which resulted 3522 contracts net buy for the worth of 164.92 cr. OI of index futures increased by 86594, even though Nifty Futures OI reduced by 1657450. This kind of figures gives Roll overs strength. India Vix has created another all time Low of 10.31, which indicate aggressiveness of Bulls. In Equity Segment FIIs are net sellers worth of 186.41 and DIIs are net buyers for worth of 31.49cr. Due to short coverage and bottom fishing Market Breadth closed in positive.
Today
Nifty likely to open negative bias and may get resistance at 8180. We
may see more volatile market due to Bulls Vs. Bears encountering.
NIFTY SPOT LEVELS:
Pivot: 8124
Resistance: 813/8219/8278
Support: 8087/8028/7992
NIFTY FnO BAN:
CENTURYTEXT, HDIL, GMRINFRA, IBREAL, IRB, JPASSOICATES, UNITECH
STOCKS FOR DAY:
BUY: HDFC, IBHOUSINGFIN
SELL: TCS, PUNJLLOYD
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