Market @noon Nifty down by 710 points (-2.88%) Top Gainers : BRITANNIA +1.76%, MARICO +1.58% Top Losers : MOTHERSON -9.21%, LICI -6.34% .#TradingGloba #FinancialNews #StockMarket #Investment Market @noon Nifty down by 710 points (-2.88%) Top Gainers : BRITANNIA +1.76%, MARICO +1.58% Top Losers : MOTHERSON -9.21%, LICI -6.34% .#TradingGloba #FinancialNews #StockMarket #Investment

Posted on by Raj Gaurav Rai

Market @noon
Nifty down by 710 points (-2.88%) Top Gainers : BRITANNIA +1.76%, MARICO +1.58% Top Losers : MOTHERSON -9.21%, LICI -6.34% .#TradingGloba #FinancialNews #StockMarket #Investment Market @noon
Nifty down by 710 points (-2.88%) Top Gainers : BRITANNIA +1.76%, MARICO +1.58% Top Losers : MOTHERSON -9.21%, LICI -6.34% .#TradingGloba #FinancialNews #StockMarket #Investment

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FIIs net longs continue at 34%, hinting on no major shift of opinion from their end. We have been highlighting the levels of 21800 zones to come from very higher levels… the initial sell targets are met and now the relief rally play happening. Option chain reflects on 22250/22300 zones as resistance now, and if taken out then 22600 levels to be tested. However, view tends to focus on the fact that selling pressure will resume likely at opening and we might see a sell triggered towards 22000/21900 zones again FIIs net longs continue at 34%, hinting on no major shift of opinion from their end. We have been highlighting the levels of 21800 zones to come from very higher levels… the initial sell targets are met and now the relief rally play happening. Option chain reflects on 22250/22300 zones as resistance now, and if taken out then 22600 levels to be tested. However, view tends to focus on the fact that selling pressure will resume likely at opening and we might see a sell triggered towards 22000/21900 zones again

FIIs net longs continue at 34%, hinting on no major shift of opinion from their end. We have been highlighting the levels of 21800 zones […]