MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5604
Resistance: 5652/5692/5739
Support: 5565/5517/5477
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
AURBINDOPHARMA EQ : BUY > 177 TRG 188 SL 170
JINDAL STEEL EQ: BUY > 224 TRG 234 SL 221 / 214
CROMPTON GREAVES EQ: SELL < 92 TRG 89 / 88 SL 93.50
CEAT EQ: SELL < 120 TRG 118 / 114 SL 123
(sell 2 trgs. has been given based on its journey)
Market has been closed in Green, even on 2nd day. But volumes are not supportive to give break the trend. Closing above 5600 is positive for short term journey. If today market closes above 5650, short term journey can be sustained. Yesterday RBI steps have not reflected in Market (except Yes Bank) and bank nifty and bank index has been closed in Red. Today market may open flat with positive bias and will be range bound and unless volumes build up, we can't witness activeness / volatility. As we mentioned in our earlier note, positional traders can average their holding and try to come out with marginal profit / loss.
NIFTY SPOT LEVELS:
Pivot: 5604
Resistance: 5652/5692/5739
Support: 5565/5517/5477
NIFTY FnO BAN: FINANTECH, HDIL
STOCKS FOR DAY:
AURBINDOPHARMA EQ : BUY > 177 TRG 188 SL 170
JINDAL STEEL EQ: BUY > 224 TRG 234 SL 221 / 214
CROMPTON GREAVES EQ: SELL < 92 TRG 89 / 88 SL 93.50
CEAT EQ: SELL < 120 TRG 118 / 114 SL 123
(sell 2 trgs. has been given based on its journey)
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