MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5848
Resistance: 5870/5910/5930
Support: 5810/5787/5749
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
CLUCH AUTO EQ: BUY > 16.25 TRG 18.45 SL 14.75
NATCOPHARMA EQ: BUY > 569 TRG 575-610 SL 547
RPOWER EQ: SELL < 75.5 TRG 73.50 SL 77
GENESYSINT EQ: SELL < 89.50 TRG 88.5 SL 91
Before the day of RBI policy, market volumes have run very low. As abroad data is very poor market also has been got correction with low volumes. Market may get correct up to 5750 (gap up started on 1, july) level and get support in a day or two. Till this level touches, market may play volatile and sell at highs. To day RBI may not give much boost to market, and their measures will be more focused on inflation control, bank nifty may face more volatility. Bank Nifty may get support at lows (due to oversold situation) in order to cover shorts. Since market technical are very weak, general traders will be away from the market and Professional Traders/FIIs (positional traders) may buy value stocks, to advantage of market sentiment.
NIFTY SPOT LEVELS:
Pivot: 5848
Resistance: 5870/5910/5930
Support: 5810/5787/5749
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
CLUCH AUTO EQ: BUY > 16.25 TRG 18.45 SL 14.75
NATCOPHARMA EQ: BUY > 569 TRG 575-610 SL 547
RPOWER EQ: SELL < 75.5 TRG 73.50 SL 77
GENESYSINT EQ: SELL < 89.50 TRG 88.5 SL 91
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