MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5425
Resistance: 5490/5564/5626
Support: 5350/5286/5211
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
ICICI EQ: SELL < 829 TRG 796 SL 848
RELMEDIA EQ: SELL < 43.25 TRG 42.25/41.50 SL 44.10 (T GROUP ONLY FOR POISITIONAL)
IFCI EQ: SELL < 19.80 TRG 18.80 SL 21.50
CLUTCH AUTO EQ: BUY > 13 TRG 13.85 SL 12.85
DAIMOND POWER EQ: BIU > 42 TRG 42.80 SL 41.65
When the Market Sentiment is weak, nothing will workout, which we have witnessed in Yesterday's Market. Even though Nifty losses on second day also, Metal Stocks have gained in contradiction to Economy Strength and Growth Story. As there is an opportunity to export raw iron (apart from acquisition/investments news), traders/investors have went for buying in this sector. If Investors make close observation of Indices/Stocks, we may opt for shifting portfolios instead of booking loss and go into panic situation.
Today market may open with negative bias and advise the positional traders to go long at lower level with 5280 SL.
Pivot: 5425
Resistance: 5490/5564/5626
Support: 5350/5286/5211
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
ICICI EQ: SELL < 829 TRG 796 SL 848
RELMEDIA EQ: SELL < 43.25 TRG 42.25/41.50 SL 44.10 (T GROUP ONLY FOR POISITIONAL)
IFCI EQ: SELL < 19.80 TRG 18.80 SL 21.50
CLUTCH AUTO EQ: BUY > 13 TRG 13.85 SL 12.85
DAIMOND POWER EQ: BIU > 42 TRG 42.80 SL 41.65
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