MARKET TREND - ROARING STOCKS:
Nifty
new series going start with new hopes many traders. Many people
planning to to have peaceful Dasara and some are looking for MODI's
baggage for delicious sweets from US. While going through yesterday's
Nifty levels, Nifty has almost touched its 50 DMA level and closed above
that level. As 50 DMA level and 50% Fibonacci levels is at 7860,. Time
being Nifty may try to get consolidate at this level. Derivatives OI
levels have dropped to 7900-8000. Rupees has recorded at 61.46.
India
Vix recorded as 13.30. As per earlier study, if India Vix scrawling
above 14 level, Vix will be upside to 20 levels plus, vice verse Nifty
may drop to lowers. As Bank Nifty and other Core Sectors are under
pressure due to Coal Scam and Quarter Results estimates also will
influence the market in new series and likely to more volatile.
NIFTY SPOT LEVELS:Pivot: 7936
Resistance: 7995/8078/8137
Support: 7853/7794/7711
NIFTY FnO BAN: NIL
STOCKS FOR DAY: (ADVISABLE ON POS BASIS)
You may mail your NAME & MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS CALLS through SMS.
No comments:
Post a Comment