MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6021
Resistance: 6068/6097/6144
Support: 5991/5944/5915
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
POLARIS EQ: BUY > 121 TRG 125 SL 118
LUPIN EQ: BUY > 891 TRG 903 SL 877
ADANI PORTS EQ: > 148 TRG 151 SL 148
Yesterday market has moved above than technical values by surprising most of the technical advisers. Trend is in upbeat, even though RSI has Negative Divergence and Derivatives open interest range has not yet broken 6000. Since, FMGC stocks are in over bough stage, on rotation other Index stocks are moving based on news and qtr. results. In this situation better to continue Positional Trades than Day trades.
As market is in steam, some more up side can witness in the morning session and yesterday highs may act as resistance. In case market closes today also above the 6020/6030 level, better to cover the shorts.
Pivot: 6021
Resistance: 6068/6097/6144
Support: 5991/5944/5915
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
POLARIS EQ: BUY > 121 TRG 125 SL 118
LUPIN EQ: BUY > 891 TRG 903 SL 877
ADANI PORTS EQ: > 148 TRG 151 SL 148
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