MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5704
Resistance: 5725/5750/5770
Support: 5678/5657/5631
NIFTY FnO BAN: HDIL
STOCKS FOR DAY: (SOME MORE SHORT COVERING)
IDEA EQ BUY > 134 TRG 136-137 SL 132
BHARTI EQ: BUY > 284 TRG 282 SL 279
DISH TV EQ: BUY > 62 TRG 64 SL 61
Market will grow depend upon Investors confidence on Economy/Corporates (industrial) Prospectors,Value of Market and Competitive Advantages. Most of our Indian Investors are not bothered above all these. They are happy with investment in Solid Assets (gold, silver & land) than these Liquid Assets. Obviously Govt started pleasing FIIs and Rating Agencies to improve the Fiscal Balance of the Country. In this way only Yesterday our FM speech went on. Even cabinet has postponed Food Security Bill (Congress Dream Scheme) and also Oil Ministry has hinted about Gas Price Increase. Through these actions they want to give the feeling to FIIs as we are cautious about Govt. Spending. Since some of FIIs money was parked at our borders, Govt. started releasing feelers. If they yield, good amount of USD can see in our INFLOWS and ultimately our market also gets support. We see 5550-5600 as support in short term. For day 5650-5680 could be support after the market get resistance @ 5725-5750.
Pivot: 5704
Resistance: 5725/5750/5770
Support: 5678/5657/5631
NIFTY FnO BAN: HDIL
STOCKS FOR DAY: (SOME MORE SHORT COVERING)
IDEA EQ BUY > 134 TRG 136-137 SL 132
BHARTI EQ: BUY > 284 TRG 282 SL 279
DISH TV EQ: BUY > 62 TRG 64 SL 61
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