MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5807
Resistance: 5838/5865/5896
Support: 5780/5749/5722
NIFTY FnO BAN: NIL
STOCK FOR DAY:
RPOWER EQ : BUY > 70 TRG 73.50 SL 67.75
WIPRO EQ: BUY > 354 TRG 360 SL 350
SINTEX EQ: BUY > 40 TRG 41.75-42.50 SL 39
Market is moving within 5750-5900 even though, broader is in tact between 5600 - 6000. Due to corporate research (in view of qtr results), professional traders are become Stock Selective and going for profit booking on rotation, with out pumping new money in to the system. Unless the new funds (or re-invest), range may not be broken. Since our FM on hunt, let us hope for good (at least for shorter period) and continue cautious trade.
Today likely open with positive bias and likely to get resistance at 5870/5880 level. Day traders can go on short with 5900 SL.
Pivot: 5807
Resistance: 5838/5865/5896
Support: 5780/5749/5722
NIFTY FnO BAN: NIL
STOCK FOR DAY:
RPOWER EQ : BUY > 70 TRG 73.50 SL 67.75
WIPRO EQ: BUY > 354 TRG 360 SL 350
SINTEX EQ: BUY > 40 TRG 41.75-42.50 SL 39
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