MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5670
Resistance: 5710/5740/5780
Support: 5640/5605/5575
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
Reliance EQ: Buy > 827 Trg. 839 SL 818
Godrej Ind. EQ: Buy > 303 Trg. 309 SL 298
Talwaker EQ: Buy > 126.50 Trg. 129 SL 125
Yesterday Market has taken Short Coverage along with Fresh Buying, based on News and Value Buying. Market may get some more upside till 5730/5780. Since Qrt. results are in sight, and most of the strips has been over corrected (like SBI), Value Buy may be continue. This will lead to range bound market. In the same way, Every step of Govt. which take care of CAD and Corporate s' Quarterly Results will influence the market and may increase volatility. Presently New series Nifty range is between 5600-5800.
Pivot: 5670
Resistance: 5710/5740/5780
Support: 5640/5605/5575
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
Reliance EQ: Buy > 827 Trg. 839 SL 818
Godrej Ind. EQ: Buy > 303 Trg. 309 SL 298
Talwaker EQ: Buy > 126.50 Trg. 129 SL 125
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