MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5723
Resistance: 5771/5800/5847
Support: 5694/5647/5618
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ABAN EQ: BUY > 240 TRG 280 SL 215
MnM EQ: BUY907 TRG 922 SL 896
BATA EQ: BUY > 952 TRG 983 SL 931
TATA GLOBAL EQ: BUY > 157 TRG 163 SL 154
Yesterday market has witnessed bottom fishing and selective stocks have been picked. Due to the oversold situation and Nifty's Technical support, Bank Stocks have been come for short coverage. Since Derivative range has not been changed, yesterday bottom will be critical to hold the market for time being. Today market may open with positive bias, by following peer market and like to be in green as most of Europe Economy data is going to positive. As the Positional Traders are likely to shift their holding status, selective strips may be more volatile and advise to play with strict SL.
Day traders can go long Nifty with stop loss 5720/5680.
Pivot: 5723
Resistance: 5771/5800/5847
Support: 5694/5647/5618
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ABAN EQ: BUY > 240 TRG 280 SL 215
MnM EQ: BUY907 TRG 922 SL 896
BATA EQ: BUY > 952 TRG 983 SL 931
TATA GLOBAL EQ: BUY > 157 TRG 163 SL 154
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