10-05-13
MARKET TREND:
Market at consolidation with negative bias. 6080/6110 likely to act as resistance. Market Directional Indicators are intact and Technical & Volume indicators are in negative. One should be Smart Cookie to deal with todays market. IPP data could be positive, and Traders may take advantage, and Sell at highs. Market range still intact between 5800 - 6200.
NIFTY SPOT LEVELS:
Pivot: 6058
Resistance: 6076/6103/6121
Support: 6032/6014/5988
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
MARKET TREND:
Market at consolidation with negative bias. 6080/6110 likely to act as resistance. Market Directional Indicators are intact and Technical & Volume indicators are in negative. One should be Smart Cookie to deal with todays market. IPP data could be positive, and Traders may take advantage, and Sell at highs. Market range still intact between 5800 - 6200.
NIFTY SPOT LEVELS:
Pivot: 6058
Resistance: 6076/6103/6121
Support: 6032/6014/5988
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IDFC EQ: SELL < 155 TRG 152.75 SL 156.50
HCLTECH EQ: BUY > 769 TRG 784 SL 754
STOCKS TO WATCH-POSITIONAL:
TATAGLOBAL, APOLLOTYRE, RELIANCE, PFC, RECLTD, ADANIENT, GODREJIND
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