MARKET TREND - ROARINGSTOCKS:
The difference between CNX Nifty and SGX Nifty is very high. It has to be settle down. India Vix indicate that FIIs have bought more options against yesterday selling. Yesterday FIIs have added longs and shorts in Index Futures for the worth of 3671 and 22098 contracts respectively with net selling of 724.68cr. OI has been decreased by 25769 contracts. In Equity Segment FIIs are net sellers for the worth of 1128.37 cr and DIIs are in buying side for the worth of 664.45 cr. Rupee closed at 61.70. Market breadth was much weakened. Derivative OI reduced (higher level) from 8200 to 8000 level.
As Peer Markets have opened and running mixed, our SGX Nifty is trading in red, our Nifty also likely to open negatively. As Nifty's RSI and Stochastic are moving to oversold zone, down wards may limited and any time we can expect short coverage with big bang. Yesterday's low and gap filling area 7720 may act as support for the market.
NIFTY SPOT LEVELS Pivot: 7790
Resistance: 7852/7954/8015
Support: : 7687/7626/7623
NIFTY FnO BAN: IBREAL & HDIL
STOCKS FOR DAY:
TECHNICALS WILL NOT BE HONORED BY MARKET. BETTER TO BE STICK ON TO OPTIONS BASED ON THE MOVEMENT.
The difference between CNX Nifty and SGX Nifty is very high. It has to be settle down. India Vix indicate that FIIs have bought more options against yesterday selling. Yesterday FIIs have added longs and shorts in Index Futures for the worth of 3671 and 22098 contracts respectively with net selling of 724.68cr. OI has been decreased by 25769 contracts. In Equity Segment FIIs are net sellers for the worth of 1128.37 cr and DIIs are in buying side for the worth of 664.45 cr. Rupee closed at 61.70. Market breadth was much weakened. Derivative OI reduced (higher level) from 8200 to 8000 level.
As Peer Markets have opened and running mixed, our SGX Nifty is trading in red, our Nifty also likely to open negatively. As Nifty's RSI and Stochastic are moving to oversold zone, down wards may limited and any time we can expect short coverage with big bang. Yesterday's low and gap filling area 7720 may act as support for the market.
NIFTY SPOT LEVELS Pivot: 7790
Resistance: 7852/7954/8015
Support: : 7687/7626/7623
NIFTY FnO BAN: IBREAL & HDIL
STOCKS FOR DAY:
TECHNICALS WILL NOT BE HONORED BY MARKET. BETTER TO BE STICK ON TO OPTIONS BASED ON THE MOVEMENT.
No comments:
Post a Comment