The markets remained lower for the fourth consecutive session due to global cues like slowdown in China and weak German economic data. Key indices closed over 1% lower. Important support for the Nifty is seen at 7860 and a close below that level could result in sharp selling. The trend is seen as sideways with resistance at 7930-7970 and support at 7860-7820. FII were net sellers while DII were net buyers in the market.

1. 08 OCTOBER14
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2. S S
INDEX
VALUE
CHANGE
%
SENSEX
26271
-296
-1.11
NIFTY
7852
-93
-1.17
BANK NIFTY
15180
-136
-0.89
INDIA VIX
14.46
1.46
11.25
CATEGORY
BUY
SELL
NET
FII
5056.61
5389.45
-332.84
DII
1814.9
1487.25
327.65
BIG BULLS ACTIVITY MARKET GOSSIPS FOURTH UMPIRE
Markets remained lower for the fourth consecutive session mainly led by global cues as slowdown in China, Weak IIP data of Germany which dampened the sentiments to close indices with loss of more than 1%. Nifty future closed below 50 day EMA which is indicating in further deepening of correction. Now, crucial support is seen near 7860 closing below which may result in sharp selling. Intraday resistance may be faced in the range of 7930- 7970.
TREND: SIDEWAYS
SUPPORT : 7860 & 7820 RESISTANCE: 7930 & 7970 MARKET POSITIONS
 Sensex, Nifty fall 1%; LT, DLF dips.
 Infy, TCS gains in early trades and hits fresh highs.
 Apollo Tyre surged higher after RBI hikes FII limits.
 Cairn India hits 52 weeks low on lower crude oil prices.
 Aurobindo Pharma gains 3%; becomes fifth most valuable Pharma firm.

3. SCRIPS @ TARGETS
B/S
SL1
T1
T2
T3
AXISBANK
S
372
375.50
369.75
367.50
365.25
PETRONET
S
178.40
179.40
177.40
176.40
175.40
SCRIPS @ TARGETS
B/S
SL1
T1
T2
T3
DENABANK
S
57.50
58.10
56.95
56.40
55.85
ESCORTS
B
157.80
156.25
159.40
161
162.60
SCRIPS CLOSE R2 R1 S1 S2
RELIANCE FUT
931.10
1010
970
900
860
ONGC FUT
399.20
409
404
394
389
TATA STEEL FUT
443.30
453
448
438
433
SBI FUT
2382.85
2460
2420
2340
2300
INFY FUT
3811.85
3890
3850
3760
3720
NIL. OPEN INTEREST 01-OCT-13 07-OCT-14 CHANGE IN OPEN INTEREST %
NIFTY
15639450
16271150
631700
4.04
FUTURE
CASH
PIVOT TABLE
FUTURES & OPTIONS DATA
SCRIPS IN F&O BAN FOR TRADE
A STEP AHEAD

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