MARKET TREND - ROARING STOCKS:
On
5th Markets have created one more High and closed with normal profits
(<0.2%) with positive expectations on Interest Rate decision in view
of Lower Crude Prices. FIIs are net buyers in Overall Derivative
Markets and as well as Index Futures for worth of 925.04 and 721.73 cr
respectively by adding 52272 long contracts and 23916 short contracts in
Index Futures segments. By which OI has increased by 76188 contracts.
In Equity Segment FIIs are net buyers for worth of 1030.05 cr and
DIIs are net sellers for worth of 1204.63 cr. Market Breadth closed in
positive. PCR recorded 0.94. Derivatives OI is unchanged and remain
between 8000-8500 along with active range of 8300-8400.
Today Nifty may open flat in line with our SGX Nifty and other Asian Markets. Nifty may be range bound between 8300 - 8380.
NIFTY SPOT LEVELS:
Pivot: 8342
Resistance: 8364/8384/8403
Support: 8319/8300/8277
NIFTY FnO BAN: IBREAL
STOCKS FOR DAY:
HEROMOTOR: SELL < 2981 TRG 2925 SL 3019
ESCORTS: SELL < 168 TRG 163 SL 172
PAT INT LOG: BUY > 75 TRG 78.50 SL 74
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