MARKET TREND:
Yesterday market activity is seen as: Rollovers, Short/Long Coverages & Value buyings. Only 2 trading sessions left for near month settlement and Very Next Day is expecting positive RBI credit policy, traders are in hurry to safeguard or protect their investments in next month derivatives. Since, positional traders are going for value buy, market has given positive points. But surprisingly MACD in negative divergence. Traders can be in Long in morning for 6130 target and go for Short at higher levels with 6180 SL.
NIFTY SPOT LEVELS:
Pivot: 6053
Resistance: 6130/6177/6255
Support: 6005/5928/5881
NIFTY FnO BAN: RENUKA
STOCKS FOR THE DAY:
HDIL EQ: Buy > 50 Trg 52 SL 49
TATA MOTORS EQ: Buy > 292 Trg 299 SL 288 (29th 4th QTR Results)
Yesterday market activity is seen as: Rollovers, Short/Long Coverages & Value buyings. Only 2 trading sessions left for near month settlement and Very Next Day is expecting positive RBI credit policy, traders are in hurry to safeguard or protect their investments in next month derivatives. Since, positional traders are going for value buy, market has given positive points. But surprisingly MACD in negative divergence. Traders can be in Long in morning for 6130 target and go for Short at higher levels with 6180 SL.
NIFTY SPOT LEVELS:
Pivot: 6053
Resistance: 6130/6177/6255
Support: 6005/5928/5881
STOCKS FOR THE DAY:
HDIL EQ: Buy > 50 Trg 52 SL 49
TATA MOTORS EQ: Buy > 292 Trg 299 SL 288 (29th 4th QTR Results)
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