MARKET TREND:
Yesterday market has given mixed hopes like positive closing above 200 DMA and Negative divergence of RSI & Bollinger. This indicate that volatility likely to continue and may witness sell at highs. Weekend and US date also will prompt traders to close the positions, which have been build up in previous trades.
Today market may open with positive bias and likely to get 5880/5920. Traders can go short at 5880 level with 5920 SL.
WATCH TH FOLLOWING @ http://www.roaringstocks.com/knowledge.php?file=3DIyXD.pdf
NIFTY SPOT LEVELS:
Pivot: 5824
Resistance: 5861/5886/5923
Support: 5799/5762/5737
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
PETRONET LNG EQ: BUY > 124 TRG 126.50 SL 122
GRANUELS INDIA EQ: BUY > 125 TRG 137 SL 117 (BREAKOUT STOCK)
ITC EQ: BUY > 335 TRG 334 SL 330
Yesterday market has given mixed hopes like positive closing above 200 DMA and Negative divergence of RSI & Bollinger. This indicate that volatility likely to continue and may witness sell at highs. Weekend and US date also will prompt traders to close the positions, which have been build up in previous trades.
Today market may open with positive bias and likely to get 5880/5920. Traders can go short at 5880 level with 5920 SL.
WATCH TH FOLLOWING @ http://www.roaringstocks.com/knowledge.php?file=3DIyXD.pdf
NIFTY SPOT LEVELS:
Pivot: 5824
Resistance: 5861/5886/5923
Support: 5799/5762/5737
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
PETRONET LNG EQ: BUY > 124 TRG 126.50 SL 122
GRANUELS INDIA EQ: BUY > 125 TRG 137 SL 117 (BREAKOUT STOCK)
ITC EQ: BUY > 335 TRG 334 SL 330
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