MARKET TREND - ROARING STOCKS:
In
this month series (closing today) rollovers noticed almost 55%.
Yesterday correction due to SC direction has given chance to traders to
roll over the positions in low price. FIIs have add both Longs and
shorts in Index Futures which resulted net selling of 4163 contracts
(shorts 9293 and longs 5130 contracts) worth of 163.94 cr. OI of Index
Futures have been increased by 14423 contracts. In Equity Segment
also Both FIIs and DIIs are net sellers for worth of 793.65 cr and 15.29
cr respectively. Market Breadth also weakened due to mid cap and
small cap sectors selling pressure. But rupee recovered to 60.93 level. Daily Chart technical are mixed due to momentum indicators are sliding against the value input indicators.
Today
PM's US tour likely to start with positive hopes and many news likely
to air, which may boost moral of traders. As peer markets have
started with positive note our Nifty also likely to start with positive
note and may go volatile. As Nifty got support at 7950 repeatedly,
below this level only Nifty may witness some selling pressure. Day
Traders can go for traders as per day pivots with SL.
NIFTY SPOT LEVELS:
Pivot: 7998
Resistance: 8046/8090/8138
Support: 7954/7906/7862
NIFTY FnO BAN:
GMRINFRA, IBREAL, JPASSOCIATES
STOCKS FOR DAY:
You may mail your NAME AND MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS through SMS.
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