27-11-14 MARKET TECHNICAL VIEW:

MARKET TREND - ROARING STOCKS:

Today FIIs (US) may be in the celebration of "Thanks Giving Day", but they will not give away our Market in near future.   This is witnessed through hectic roll-over exercise on 2nd day also.  Pull back happened so strong Nifty Futures (near) OI has been dragged to < 1cr level and December Nifty Futures OI interest improved more than 30%, which indicate longs roll over happening to December. Considering the Nifty positions and its Trend, this series may close between 8420-8450 level.

Yesterday FIIs have added Longs and Shorts in Index Futures for 32639 and 27610 contracts respectively with net effect of 5029 plus.   By that OI increased by 60249 contracts for the value of -113.95 cr.   In Equity Segment FIIs have bought 181.46cr and DIIs have continued their selling for the worth of 314.64cr.  Due to bottom fishing Market breadth was improved than previous and closed in positive. Still PCR maintains its over bought indication and closed with 1.06.  Day technical Indicators were not much improved except Momentum Indicator.  Derivatives OI was improved from 8300 to 8400 level and it indicates between 8400-8500.   Rupee maintained its levels with 0.10pts gain.

Today morning most of our Peer Markets opened with mixed note and our SGX Nifty also running flat, our Nifty also likely to open flat and off late may be volatile in order to Near Derivatives Session closing.  Day traders may depend on momentum trades than technical calls with strict SL which can be individual capacity.

NIFTY SPOT LEVELS:

Pivot: 8472

Resistance: 8505/8533/8566

Support: 8442/8410/8381

NIFTY FnO BAN: GMRINFRA, HDIL, RELCAPITAL.

STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)

MOTHERSONSUMI: SELL: < 428 TRG 423 SL 432
ZEEL: SELL < 378 TRG 370 SL 384
SAIL: BUY > 86 TRG 88.50 SL 85

B/F CALLS:

RELINFRA: SELL < 594.50 TRG 572 SL 609 (DEC PE WILL BE BETTER)

                   26-11-- ACTUAL: LOW: 585.20; HIGH: 607 (Can carry with 624 SL)

                                580 PE (dec): LOW: 1350; HIGH: 22.75

RCOM: SELL < 103 TRG 99 SL 107 (DEC PE WILL BE BETTER)

              26-11--ACTUAL: LOW: 101.50; HIGH: 104.70 (With 108 SL can carry)

                         102.50 pe (dec): LOW: 4.65; HIGH: 5.50