Nifty made small gains after witnessing immense volatility during the last one hour of the trading session as traders rolled over positions in the F&O segment from the near month December 2013 series to January 2014 series. I think we need really discuss much about yesterdays trade as it is expiry day and by end of the day Nifty closed at 6278 after making a high og 6302. FII's were buyers yesterday and it has helped the market a bit. VIX has comed down to 14 levels which is 8 month which indicates not much is expected by market.
Shortterm Trend
We had a positive close for this expiry with 3% gains in Nifty on month on month basis. Nifty was facing resistance between 6300 and 6320 levels and trading above these levels will move Nifty towards 6400 and below 6260 which is acting as strong suppor we could reach 6200 and 6160.
Intraday Levels
Nifty could open weak as indicated by global cues and above 6285 we could go to 6300 and 6315 and on the downside below 6260 we could go to 6245 and 6230. Don't expect too much action today being last of vacation week as most of the players will be on leave and also first day of new expiry.
Top picks for the day
My top pics for the day are ICICIBank, JindalSteel, Syndicate, Tata Global and HCL Tech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot levels of key stocks
Shortterm Trend
We had a positive close for this expiry with 3% gains in Nifty on month on month basis. Nifty was facing resistance between 6300 and 6320 levels and trading above these levels will move Nifty towards 6400 and below 6260 which is acting as strong suppor we could reach 6200 and 6160.
Intraday Levels
Nifty could open weak as indicated by global cues and above 6285 we could go to 6300 and 6315 and on the downside below 6260 we could go to 6245 and 6230. Don't expect too much action today being last of vacation week as most of the players will be on leave and also first day of new expiry.
Top picks for the day
My top pics for the day are ICICIBank, JindalSteel, Syndicate, Tata Global and HCL Tech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot levels of key stocks
No comments:
Post a Comment