Sunday, September 28, 2014

29-08-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:
Friday Market has taken pull back rally and closed in positive.   FIIs are net sellers in Equity and Index Futures Futures for the worth of 1133.64 and 213.29cr respectively.   DIIs are net buyers for the worth of 1335.33cr.    Bank Nifty pull back was much more encouraged than Nifty to get closed the market positively.   30th RBI action is also much waited reason by the traders along with Festival Holidays to the positions in the market.   Derivatives OI range also increased with down ward bias to 7800-8200.  Active range is at 7900-8000.  Rupee was much weakened and recorded 61.15.

Today Nifty likely to open with negative bias and be volatile with influence of bank nifty.   Nifty immediate technical support lies at 7820.  Day traders can go long with 7780 SL.

NIFTY SPOT LEVELS:
Pivot:  7935
Resistance: 8028/8086/8179
Support: 7876/7783/7725

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
You may mail your NAME & MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS calls through SMS.

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