11 jan Weekly Equity market updates, stock market trading call on today

weekly updateNIFTY CLOSED AT 6171 DOWN 0.6%.SENSEX CLOSED AT 20758 DOWN 0.4% INFOSYS QUARTER THIRD RESULT FAILED TO CHEER THE SENTIMENT INDEX CONTINUED TO BE CHOPPY FOR MOST PART OF THE WEEK.LOW EXPORT GROWTH, TRADE DEFICIT STOOD AT $ 10.14 BILLION IN DECEMBER 2013 COPMARED WITH $ 17.59 BILLION IN DECEMBER 2012.INFLATION WILL BE THE KEY EVENT NEXT WEEK, ALONG WITH THE SLEW OF EARNING.

ON THE F&O FRONT: – WEEKLY DATA SHOWS HIGHEST OPEN INTEREST CHANGE IN 6300 STRIKE PRICE FOR CALL OPTION AND 6000 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 83850.46. STOCK OPTION TOTAL OPEN INTEREST IS 49604.81

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
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