Stock Market Insights

Insights for Stock Trading (10 March 2015)

CNX NIFTY surprised the street by witnessing selling pressure, tanked by 2%. Defensive sectors such as FMCG and PHARMA managed to post marginal gains.

Down by 2% on March 09, 2015
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List of Evidences from 09 Mar 2015

HINDUNILVR: Manage to settle at all time high, volume surged while breaking out, momentum is expected to continue.
NMDC: Broken its crucial Support zone during last week, sketched DOJI pattern, meanwhile it recovered significant from day’s low
FII Added short positions in index futures and reduced the long position, indicating near term weakness.
Among option, long unwinding seen at 9300 strike would be concerns for bulls. Stronger hand buying 8400 and 8500 put options.