MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6033
Resistance: 6062/6093/6122
Support: 6002/5974/5942
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ESSDEE EQ: BUY> 533 TRG 552 SL 519
DLF EQ: BUY > 169 TRG 172.5 SL 166
PRATIBHA IND EQ: BUY > 21 TRG 22..5-26.00 SL 20
RELIANCE CAP EQ: BUY > 371 TRG 386 SL 361
Market is playing very tricky. These are Positional Traders and Value Buyers' Days. When ever specific Indices are in minus, Value Stocks are getting Picked and Selling when ever some good news or particular Indice is in Plus. For Example, yesterday Reality & Infra Indices are in Minus, but Beta Stock like DLF is in Plus. Pharma Indice is in Negative, but Sunpharma is Plus. If we observe closely, this is happening. That is reason, from last one week, we are suggesting only Positional Trades. If we observe Technical Indicators, Cash Flow indicators are Negative, Movement Indicators are in Positive. Derivatives range has been increased to 6100.
Today, market may open high and invite volatility in line with Peer Market and Active Roll Overs. Nifty traders can go short @ 6100 level with 6120 SL.
Pivot: 6033
Resistance: 6062/6093/6122
Support: 6002/5974/5942
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ESSDEE EQ: BUY> 533 TRG 552 SL 519
DLF EQ: BUY > 169 TRG 172.5 SL 166
PRATIBHA IND EQ: BUY > 21 TRG 22..5-26.00 SL 20
RELIANCE CAP EQ: BUY > 371 TRG 386 SL 361
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