MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5937
Resistance: 5964/6008/6035
Support: 5893/5866/5821
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
TITAN EQ: SELL < 284 TRG 277 SL 289
CESC EQ: SELL < 331 TRG 326 SL 334
NFL EQ: BUY > 44 TRG 45 SL 43.50
LIBERTY SHOES EQ: BUY > 93 TRG 99 SL 89
Market taking sluggish move and playing range bound. So far respecting 5900 (OI support area). Once 5900 broken Bears will have upper hand. Even though market is in correction, junior nifty breadth is in positive, which indicates, bottom fishing is taking place. Infra Bill (which is in workout stage so far) has been approved by Cabinet and market may be react negatively to this sector. Pl note it has been discounted, as it is pending issue. Positional Investors can do Value buy in this sector.
Pivot: 5937
Resistance: 5964/6008/6035
Support: 5893/5866/5821
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
TITAN EQ: SELL < 284 TRG 277 SL 289
CESC EQ: SELL < 331 TRG 326 SL 334
NFL EQ: BUY > 44 TRG 45 SL 43.50
LIBERTY SHOES EQ: BUY > 93 TRG 99 SL 89
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