MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5576
Resistance: 5630/5719/5774
Support: 5487/5423/5345
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
IDEA EQ: BUY > 156 TRG 160 SL 151
STC EQ: BUY > 78 TRG 89 SL 72
PFC EQ: SELL < 107 TRG 104 SL 110
DIVIS EQ SELL < 950 TRG 939 - 907 SL 970
COALINDIA EQ: SELL < 258 TRG 253 SL 262
Yesterday Nifty has slipped its foot and opened doors to bear market. Since market is in oversold situation we may expect some pullback rally and will be short lived. As Bolinger indicator is in positive and Derivatives range has been increased to 5400-6000 from 5600-6000, we may witness some volatility also. Net worth Traders may buy Blue Chip stocks to average their holdings. Margin traders may be forced to clear holding as the margin pressure will rise from bankers.
Pivot: 5576
Resistance: 5630/5719/5774
Support: 5487/5423/5345
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
IDEA EQ: BUY > 156 TRG 160 SL 151
STC EQ: BUY > 78 TRG 89 SL 72
PFC EQ: SELL < 107 TRG 104 SL 110
DIVIS EQ SELL < 950 TRG 939 - 907 SL 970
COALINDIA EQ: SELL < 258 TRG 253 SL 262
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