MARKET TREND:
Yesterday Market has been accumulated shorts and may be open positive with possible short coverage, due to derivative settlement date. 5680 can act as resistance. Market close at 5600 level for this series. Govt. initiation could not hold Rs. depreciation, due to world market influence. Govt. will be forced to increase petrol price with out any mercy.
NIFTY SPOT LEVELS:
Pivot: 5601
Resistance: 5623/5657/5679
Support: 5567/5545/5511
NIFTY FnO BAN: PUNJ LLOYD
STOCKS FOR DAY:
TAJGVK EQ: BUY > 59.50 TRG 61 SL 58.50
JAY BHARAT MARUTI EQ: BUY > 41.20 TRG 42.80 SL 40.40
JUBLFOOD EQ: BUY > 1007 TRG 1024 SL 995
Yesterday Market has been accumulated shorts and may be open positive with possible short coverage, due to derivative settlement date. 5680 can act as resistance. Market close at 5600 level for this series. Govt. initiation could not hold Rs. depreciation, due to world market influence. Govt. will be forced to increase petrol price with out any mercy.
NIFTY SPOT LEVELS:
Pivot: 5601
Resistance: 5623/5657/5679
Support: 5567/5545/5511
NIFTY FnO BAN: PUNJ LLOYD
STOCKS FOR DAY:
TAJGVK EQ: BUY > 59.50 TRG 61 SL 58.50
JAY BHARAT MARUTI EQ: BUY > 41.20 TRG 42.80 SL 40.40
JUBLFOOD EQ: BUY > 1007 TRG 1024 SL 995
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