F&O squareoff…

There huge retail positions built over the last onemonth once the Nifty has crossed the resistance level at 5280 level. Now it is the same built up now placing weight at the d-day-closing ,Thursday.


The Nifty has gone no where as the last month closure was at 5260 level and now it is close to it. As a matter of fact most beaten down sector of this month baring the Infosys, tech gaints and RIL. The DLF is well above last month close. The Tata Motors as of now is the best gainer over Rs 100 to todays close. The Reliance is the worst effected by 70 rupees due to the forthcoming Judgement, as the tussle with brother costed, speculators betting on Anil.
The ster results and Bonus with spit may hold the price above 800 level but Tata steel and Sail got affected by bea hammering. Now it was the Reliance gas finding news that needs to keep the stock above 1031-36 level, as this guides Nifty, consists more weightage and by sentiment also.
The Bharti results are not bad due to fierece competition existing with the new entrants. The stock likely to close above 303 level as the 3G is to be closed. The tech majors may get some shortcovering support and RIL support may prop up the Nifty to float at 5200 level.