TREND MARKET:
NIFTY SPOT LEVELS:
Pivot: 5924
Resistance: 5960/5985/6021
Support: 5899/5863/5838
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HINDALCO EQ: BUY > 102.75 TRG 104.75 SL 100
STERLITE EQ: BUY > 86.75 TRG 89 SL 85
RELINFRA EQ: BUY > 378 TRG 381-385 SL 373
Yesterday market has given technical break (sub-range of 5750-5900), But we have to see today's' market, whether it will give breakout or not. Since yesterdays volumes and open interest data are not convincing, we should not take as positive turn of the market. If market closes above 6020, we can hope for short term uptrend.
Today market may open with positive bias and move in line with Peer markets (presently Flat running). Infosys results may not be helpful to break the market as many factors have been neutralized.
Pivot: 5924
Resistance: 5960/5985/6021
Support: 5899/5863/5838
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HINDALCO EQ: BUY > 102.75 TRG 104.75 SL 100
STERLITE EQ: BUY > 86.75 TRG 89 SL 85
RELINFRA EQ: BUY > 378 TRG 381-385 SL 373
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