07-10-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

MARKET WELCOMING ALL OF US WITH ZEAL AND DYNAMISM.   IN LAST FIVE DAYS, MARKET ELEMENTS NOT CHANGED MUCH, EXCEPT SGX NIFTY TRADING BELOW THAN OUR SPOT NIFTY CLOSING.  AS QUARTER RESULTS ARE EXPECTING ACTIVELY FROM 10TH ONWARDS WITH INFOSYS, STOCKS SPECIFIC ACTION WILL BE MUCH MORE THAN TOTAL MARKET VOLATILITY.  TECHNICAL VALUES/GUIDES WILL BE DOMINATED BY CORPORATE AND OVERSEAS NEWS (HONGKONG, SYRIA AND PAKISTAN TRESPASSING ETC), TRADERS SHOULD MAINTAIN STRICT SL TO COUNTER THE VOLATILITY.    AS TRADITIONALLY 2ND QUARTER (JULY TO SEP) IS LEAN QUARTER FOR CORPORATE RESULTS, STOCKS VALUES WILL BE RE-WRITE BY TRADITIONAL & PROFESSIONAL ANALYSTS.

ON 1ST FIIS HAVE BOUGHT 1834 CONTACTS WORTH OF 72.26 CR BY ADDING 584 LONGS AND COVERING OF SHORTS BY 1250 WHICH DECREASE THE OI BY 666 CONTRACTS IN INDEX FUTURES SEGMENT. IN EQUITY SEGMENT ALSO FIIX AND DIIS ARE NET BUYERS FOR WORTH OF 192.56 AND 155.69 CR RESPECTIVELY.   LOW VOLUMES AND PROFIT BOOKING WITNESSED IN MARKET THROUGH WEAKENED MARKET BREADTH.

TODAY NIFTY LIKELY TO OPEN WITH NEGATIVE BIAS MAY BE GAP DOWN ALSO, IN ORDER TO GET ADJUST THE PREMIUMS BETWEEN SPOT AND FUT. NIFTY.   7850 CAN BE GOOD SUPPORT AND 8100  CAN BE 1ST RESISTANCE LEVEL FOR SPOT NIFTY.

NIFTY SPOT LEVELS:

PIVOT: 7953

RESISTANCE: 7970/7994/8010

SUPPORT: 7929/7912/7888

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

You may mail your NAME AND MOBILE No. to ROARINGSTOCKS@REDIFFMAIL.COM to get DAY & POS CALLS through SMS.