23rd Feb Morning Market Updates

23rd Feb Morning Market Updates 08:52
As global market trend is negative,our market will also follow the same stream while opening.Intraday,Nifty become weak below 4825 if sustain below the level and may touch 4786.It has a resistance at 4890 level.
Recommendations :
Follow Sell calls in negative market bias and v.v.

Buy Hindunilvr Above 247 sl 242 Target 253 Positional
Buy Jindalstel Above 622 sl 616 Target 632
Buy SBIN Above 1935 sl 1922 Target 1961
Sell JPAssociat Below 131.5 sl 133 Target 129
Sell Sail Below 208 sl 210 Target 205
Sell Grasim sl 2662 Target 2605 / 2590
Sell Cipla sl 315 Target 309
Sell Ambujacem Below 104 sl 105 Target 102
Sell Cumminsind sl 460 Target 446
Sell Sesagoa sl 372 Target 360 / 357
Sell Indiacem sl 118 Target 112
Sell Beml sl 1105 Target 1075
Market cues:
FIIs were net buyers of USD 63.1 million in equities on February 19

MFs were net sellers of Rs 148.1 crore in equities on February 19
NSE F&O Open Int was up by Rs 856 crore at Rs 1,21,991 crore
As per provisional data of February 22, FIIs were net sellers of Rs 102 crore, while DIIs were net buyers of Rs 117 crore in the cash markets. FIIs were net buyers of Rs 912 crore in F&O
F&O cues:

Futures Open Int up Rs 259 crore, Options Open Int up Rs 597 crore
Nifty Feb futures shed 20 lakh shares, Mar futures add 21 lakh shares in Open Int
Nifty Feb at par, March at 2-point discount
Nifty futures rollover at 29%, Stock futures rollover at 31%
Nifty Open Int PCR at 1.04 versus 1.05
Nifty Puts add 2 lakh, Calls add 8 lakh shares in Open Int
Nifty 4700 Put sheds 5.7 lakh shares in Open Int
Nifty 4800 Put sheds 4 lakh shares in Open Int
Nifty 4900 Call adds 6.8 lakh shares in Open Int
Stock futures add 2.6 cr shares in Open Int
FIIs in F&O on February 22
Net buy Rs 354 crore in Nifty Futures
Nifty Futures Open Int up 14,460 contracts
Net buy Rs 186 crore in Nifty Options
Nifty Options Open Int up 2,333 contracts
Net buy Rs 381 crore in Stock Futures
Stock Futures Open Int up 19,429 contracts
US markets:
The Wall Street ended slightly lower as investors held back ahead of congressional testimony by Fed chairman Ben Bernanke. The S&P 500's 50-day moving average provided support. The line acted as a floor for trade during the entire session.Health insurers' shares rose after President Obama proposed a revised overhaul of US healthcare. Energy shares were under pressure.The market failed to extend a move that took it from a modest loss back to its opening high. At close, the Dow & the Nasdaq closed flat. The S&P 500 too closed around its opening levels.

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