MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5551
Resistance: 5592/5619/5660
Support: 5525/5484/5457
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
CIPLA EQ: BUY > 402 TRG 422 SL 393-390
BHARAT FORGE EQ: BUY > 219 TRG 234 -245 SL 205 (OR)
RELIANCE MEDIA EQ: SELL < 42 TRG 40 SL 43
BHARAT FORGE EQ: SELL < 234 TRG 205 SL 245
HINDZINC EQ: BUY > 102 TRG 104.50 SL 100
JINDAL STEEL EQ: BUY > 206 TRG 211 SL 202
After long holidays, Market going to open with positive note by following peer markets. Even though Thursday Market closed in Green could not give volume break, to sustain the uptrend. FIIs taken advantage of Bottom Fishing & Pull Back rally and they become net sellers. Since Derivatives Range is still in the range of 5400- 6000 with shorts from 5800-6000 CE and 5400-5500 PE, real market range could be between 5500-5800. We feel short term investors may average their holdings and come out with marginal profit or loss to continue fresh trades with new look/evaluations.
Pivot: 5551
Resistance: 5592/5619/5660
Support: 5525/5484/5457
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
CIPLA EQ: BUY > 402 TRG 422 SL 393-390
BHARAT FORGE EQ: BUY > 219 TRG 234 -245 SL 205 (OR)
RELIANCE MEDIA EQ: SELL < 42 TRG 40 SL 43
BHARAT FORGE EQ: SELL < 234 TRG 205 SL 245
HINDZINC EQ: BUY > 102 TRG 104.50 SL 100
JINDAL STEEL EQ: BUY > 206 TRG 211 SL 202
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