4 Jan Weekly Equity Market report at stock market trading tips

MARKET DECLINE IN EIGHT WEEK SENSEX FALLEN 1.35 PERCENT AFTER GAINING 8.9 PERCENT LAST YEAR ON THE BACK OF STRONG BUYING.CORE EIGHT INFRASTRUCTURE INDUSTRIES REGISTERED A MUTED GROWTH AT JUST 1.7 PERCENT IN NOVEMBER 2013 COMPARED TO 5.8 PERCENT IN NOVEMBER 2013.PMI SECTOR STOOD AT 50.5 POINT IN THIRD (OCT-DEC) QUARTER SLIGHTLY HIGHER THAN 49.4 IN THE PREVIOUS QUARTER ENDED SEPTEMBER 2013.FISCAL DEFICIT FOR THE FIRST EIGHT MONTH STOOD AT RS.5.1 LAKH.

ON THE F&O FRONT: – WEEKLY DATA SHOWS HIGHEST OPEN INTEREST CHANGE IN 6400 STRIKE PRICE FOR CALL OPTION AND 6200 STRIKE PRICE FOR PUT OPTION.PUT BUYING WAS SEEN AT LOWER LEVEL.CALL SELLING WAS SEEN AT HIGHER LEVEL WITH HIGH OPEN INTEREST. TOTAL INDEX OPEN INTEREST IS 75377.63 STOCK OPTION TOTAL OPEN INTEREST IS 44010.34.
ON TECHNICAL FRONT: – NIFTY WEEKLY & DAILY CHART LONG TERM TREND LINE SHOWS SUPPORT AT 6120 IF BREAK NEXT SUPPORT OF NIFTY IS 6000.

NIFTY DIRECTIONAL: – SELL NIFTY FUTURE BELOW 6180 TARGET 6100-6050 STOPLOSS 62306125 TIME FRAME-1 WEEK