MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5522
Resistance:5558/5597/5633
Support: 5483/5448/5408
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
HEXAWARE EQ: SELL < 118 TRG 116 SL 120
SUVENLIFE EQ: BUY > 26 TRG 28 S; 25
TILAKNAGARIND EQ: BUY > 53 TRG 58.5 SL 49
THINKSOFT EQ: BUY > 80 TRG 82 - 88 SL 77
DELTACORP EQ: BUY > 50.50 TRG 52 SL 49.50
STRIDES EQ: BUY > 810 TRG 850 /868 SL 775
Yesterday Market has witnessed Bottom Fishing along with Value Buying, without participation of FIIs. In fact FIIs are at selling side. As someone quoting in the media, 'INFRA STOCKS HAVE BECOME CHEAPER THAN ONIONS'. Obviously, Addicted/Dedicated Stock Investors / Traders are trying to book profits, where ever they find and search for Cheaper Investments, as market is giving Bearish Signals. Govt. & RBI's contrast actions (FM chops to FDI investment vs RBI interest rate increase), Rupee could not get the grip and go on sliding. This will keep FIIs in confusion, about their Yielding against $ Conversion.
Today Market may start with positive note and can witness selling at highs.
Pivot: 5522
Resistance:5558/5597/5633
Support: 5483/5448/5408
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
HEXAWARE EQ: SELL < 118 TRG 116 SL 120
SUVENLIFE EQ: BUY > 26 TRG 28 S; 25
TILAKNAGARIND EQ: BUY > 53 TRG 58.5 SL 49
THINKSOFT EQ: BUY > 80 TRG 82 - 88 SL 77
DELTACORP EQ: BUY > 50.50 TRG 52 SL 49.50
STRIDES EQ: BUY > 810 TRG 850 /868 SL 775
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