MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5657
Resistance: 5697/5726/5766
Support: 5627/5587/5558
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
ADANIPORT EQ: BUY > 150 TRG 153 SL 148
TECH MAH EQ: BUY > 995 TRG 1006 SL 980
APOLLO TYRES EQ: BUY > 58 TRG 61.5 SL 53.75
Friday market has been witnessed some short coverage and value buying on New Base. But most of the mid-cap strips under pressure (mostly margin), which result the market weak breadth. As market strength is weak and market is correction mode only, we may witness sell at highs. Since the present market range is . between 5600 - 5800, market may get support at 5620 level for the day and resistance could be 5660/5700 level. As our Govt is announcing corrective regulations we can see specific sector stocks like Real Estate, which is already in oversold position may get support.
Pivot: 5657
Resistance: 5697/5726/5766
Support: 5627/5587/5558
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
ADANIPORT EQ: BUY > 150 TRG 153 SL 148
TECH MAH EQ: BUY > 995 TRG 1006 SL 980
APOLLO TYRES EQ: BUY > 58 TRG 61.5 SL 53.75
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