MARKET TREND:
Resistance: 5839/5869/5920
Support: 5758/5709/5678
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
TATA CHEM EQ : BUY > 300 TRG 306 SL 297
DEWAN HOUSING EQ: BUY > 167.50 TRG 170 SL 166
DIVIS EQ: BUY > 967 TRG 974 SL 963
GSPL EQ : BUY > 54.5 TRG 56 SL 53
IBREAL EQ: BUY > 68 TRG 70-71 SL 66.50
Friday market looks blossom, but under the water current is not encouraging to enjoy the fragrance. FIIs are in sell side in Equity and long in Derivative Market. Due to beta stocks participation, market breadth has been turned positive and closed in Green. As our market is purely depend upon cash flows, all other points are acting as temporary and short lived. Since, RBI rate cut up to 0.25% was discounted by the market, we may witness sell at highs. If market opens above 5800 and Rate cut goes > 0.25% market may closes in Green. Short term traders can buy at 5750 level with SL 5700 and watch for 5870 to book profits. Shorts are not advisable for a day in view of Policy matter and Petrol hike.
NIFTY SPOT LEVELS:
Pivot : 5789Resistance: 5839/5869/5920
Support: 5758/5709/5678
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
TATA CHEM EQ : BUY > 300 TRG 306 SL 297
DEWAN HOUSING EQ: BUY > 167.50 TRG 170 SL 166
DIVIS EQ: BUY > 967 TRG 974 SL 963
GSPL EQ : BUY > 54.5 TRG 56 SL 53
IBREAL EQ: BUY > 68 TRG 70-71 SL 66.50
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