MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5738
Resistance: 5800/5870/5930
Support: 5667/5606/5535
NIFTY FnO BAN: FINANCIAL TECHNOLOGIES
STOCKS FOR DAY:
MnM EQ: SELL < 886 TRG 850 SL 908
SUTTV EQ: BUY > 405 TRG 410-424 SL 395
NELCO EQ: BUY > 32 TRG 36 SL 29.5
ARCHIES LTD EQ: BUY > 14 TRG 16 SL 13.5
Market is throwing challenge to Market Advisers. Market playing very wildly in action, by Short Coverage, Profit Bookings, Selling at Good News, Punishing at Bad News. By and large, we are observing selling at highs. So far Derivatives, range in tact between 5700-6000 and yesterday Nifty has not broken the day before lows by honoring 5670/5660 SL. If this broken market may turn to Low from Range bound. Today market may open positive in line with Peer Markets and get resistance 5800/5820. Since today weekend, market sentiment is weak, traders may not like to carryover the positions and may witness sell at highs.
NIFTY SPOT LEVELS:
Pivot: 5738
Resistance: 5800/5870/5930
Support: 5667/5606/5535
NIFTY FnO BAN: FINANCIAL TECHNOLOGIES
STOCKS FOR DAY:
MnM EQ: SELL < 886 TRG 850 SL 908
SUTTV EQ: BUY > 405 TRG 410-424 SL 395
NELCO EQ: BUY > 32 TRG 36 SL 29.5
ARCHIES LTD EQ: BUY > 14 TRG 16 SL 13.5
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