MARKET TREND - ROARING STOCKS:
Yesterday
Global Indices given mixed results. But Dow been closed with Life
Time High, with the up beat in GDP figures. Our Nifty played as it
suppose to be (volatile) before the derivatives end session. It has
honored both 20 DMA and 50 DMA levels and given room for good roll
overs. Derivatives OI for Jan, 15 has been increased to 8500 level
from present level of 8400. 8200 base consolidation indicates, that
our Nifty likely to be in upside for short term. Traders can hold Nifty
positions, once Nifty closed above 8250 level. In Index Option
Positions also Longs are higher than Shorts in the system, which
indicate, that Traders are on Bullish side. As most of the Global
Indices are closed for next two days in view of Christmas, our Domestic
Traders may not look at Global Indices and may act on stock specific.
Yesterday
also FIIs counters have continued their buying Derivative Section (all
products) 2363.54 cr mostly Index Futures & Options. In Equity
Segment FIIs are net sellers for the worth of 444.93cr and DIIs are net
buyers for the worth of 444.93cr. As equity segment faced profit
booking at Mid & Small cap segment, Market Breadth of under
pressure. Rupee closed at 63.44 by loosing 0.21 ps. PCR improved
marginally and closed at 0.99. India Vix shot to 16.1 level which
indicate booking of Options. Technical Indicators indicate volatility.
Today
Nifty likely to open flat and may play in the range 8220 and 8330
level. Short term traders may go long in Nifty with 8180 SL.
NIFTY SPOT LEVELS:
Pivot: 8295
Resistance: 8336/8407/8449
Resistance: 8225/8182/8113
NIFTY FnO BAN: HDIL, IBREAL, UNITECH
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
SREIINFRA: SELL < 49 TRG 47/46 SL 50.50
TVSMOTORS: SELL < 246 TRG 241 SL 252
MADHUCON: BUY > 34 TRG 40 SL 32 (30 ON POSITIONAL)
TITAN: SELL < 377 TRG 371 SL 381
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