30-09-2014 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Yesterday Nifty experienced range bound market.  Bank Nifty is more volatile than Nifty, due to different expectations about 30th's RBI move regarding CRR & Interest Rate.   Also news floating from US about MODI's focus on Tourism and other service (Infra) Sectors through FDI relaxations, these related sectors have moved more actively. 

FIIs are net buyers in Equity and Derivatives sectors for the worth of 150.10 and 99.37 cr respectively.   FIIs have added 8759 longs and 6335 short contracts in Index Futures, which decrease of OI by 15094 contracts.  DIIs also net buyers worth of 234.52 Cr in Equity.  Rupee much weakened and closed at 61.66.  Due to news flows and bottom fishing Market Breadth also improved, even though Nifty closed in minus.   Derivative OI range is intact between 7800-8200 along with active range of 7900-8100.

With influence of Peer Markets Nifty likely to open with negative bias and likely to be volatile. Yesterdays low will be critical to the direction for Nifty.  As India Vix is in aggression mood, obviously Nifty likely to be negative or may add shorts at high, unless there is positive announcement from RBI.

NIFTY SPOT LEVELS:
Pivot: 7962
Resistance: 7989/8019/8047
Support: 7932/7904/7875

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
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