MARKET TREND - ROARING STOCKS:
At
times we are getting contrast figures in stocks market. For example
from last 2 days, if the market is negative, FIIs and DIIs are in buying
side, if they are selling side market is closing in plus. If we dig
out the reasons, we can know as; the Derivatives Segment is dominating
the market and turning out the board. Yesterday also same thing repeated.
FIIs are net net sellers Derivative Segment (total of index futures,
stock futures, futures options & stock options) and Equity Segment
by 661.79cr and 108cr respectively and Market closed with positive
note. That is reason we have to keep an eye on all segments, before we
go on trade. Otherwise for our losses we feel as we have been betrayed.
Yesterday
FIIs are net buyers in Index Futures for worth of 592.15cr by adding
41593 long contracts and 27338 short contracts by which OI has been
increased by 68931 contracts. In Equity segment, both FIIs and DIIs are
net sellers by 108cr 99.66 cr. respectively. Market Breadth closed in
positive and Nifty futures OI has been reduced by 14.53%, which
indicate good roll overs. PCR was maintained below 1.00, even though Derivative range (base) range improved 8000-8100 along with active point at 8000.
As yesterday all most all Global Indices closed in positive and today Asian Markets opened with positive note and SGX Nifty running (at 8.00. AM) with 40 pts plus, our Nifty may open Gap up and may break resistance level of 8060.
As we mentioned in our evening note people who prepare for Hero or Zero
values only should go for trades, other wise one should prepare for
delivery based Opportunistic Buy.
NIFTY SPOT LEVELS:
Pivot: 8020
Resistance: 8045/8062/8088
Support: 8002/7977/7960
NIFTY FnO BAN:
GMRINFRA, HDIL, IBREAL & UNITECH.
STOCKS FOR DAY:
IDFC: BUY > 145.50 TRG 147/148 SL 144
GRANUELS: BUY > 797 TRG 823/860 SL 778 (POSITIONAL)
GULFOIL: SELL < 159 TRG 155 SL 163
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