MARKET TREND - ROARING STOCKS:
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
EVERONN: BUY > 38 TRG 42/44 SL 36
DHFL: BUY > 410 TRG 421/445 SL 406
DLF: SELL < 147 TRG 142 SL 151
TITAN: SELL < 367 TRG 362/358 SL 372
Yesterday Nifty had pull back from it lows by taking support from its Trend Support (weekly charts) of 8150 level. WPI data and Crude Prices also supported the pull back and closed with flat note irrespective of Global Indices selling. FIIs have continued their selling in Derivatives and Equity Segment for the worth of 1743.44 and 455.72cr respectively. DIIs have continued their buying in Equity Segment by 136.02. Due to profit booking in mid & small cap segment, market breadth weakened further. Rupee lost 0.28 ps and closed at 62.81. PCR Reported 0.89 by loosing 0.03 pts. In Index Futures FIIs have bought 6638 contracts net worth of 178.62 cr. FIIs have added 7622 Long Contracts and 984 Short Contracts by which 8606 contracts OI increased. Todays' Trade Balance Report may influence the weak sentiment and may initiate further selling. Even though derivatives options OI range in tact between 8500-8200, 7900 PE and 8300 CE have been added in the system, which indicate the trading sentiment of traders. As 8200 PE and 8300CE are more active among the range. India Vix closed above 14, which indicate writing of options in the system and expecting selling pressure at highs.
Our SGX Nifty running in red for than 60 pts and Asian Peer Markets are running in mixed note, our Nifty also may open with negative bias and try to test yesterday's lows (8150).
NIFTY SPOT LEVELS:
Pivot: 8205
Resistance: 8257/8295/8347
Support: 8167/8114/8077
NIFTY FnO BAN: NIL
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
EVERONN: BUY > 38 TRG 42/44 SL 36
DHFL: BUY > 410 TRG 421/445 SL 406
DLF: SELL < 147 TRG 142 SL 151
TITAN: SELL < 367 TRG 362/358 SL 372
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