MARKET TREND:\
NIFTY SPOT LEVELS:
Pivot: 5487
Support:: 5444/5412/5370
Resistance: 5519/5560/5593
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
IDFC EQ: SELL < 98 TRG 90 SL 109
APOLLO TYRES EQ: BUY > 62 TRG 65 SL 61.50
TECH MAH EQ: BUY > 1360 TRG 1380/1405 SL 1355
MARUTI EQ: BUY > 1307 TRG 1320 SL 1295
Yesterday Market has moved as per expectations closed flat with immense volatility. As Derivative Rollovers and Europe Market influence and Rupee Depreciation market went for correction from its highs and accumulated some more shorts. Nifty range is between 5300 - 5600. Even though Food Security Bill has been read as negative for Country Finance, it has been discounted already.
Today market will open with negative in continue to profit booking at highs and in line with Peer Markets. Since Derivative settlement is in sight, market may be get support at 5400 level. Day traders can try for long with 5370 SL
(PL DO NOT LEAVE THE TRADES WITH OUT STOP LOSS, WHICH IS MORE IMPORTANT TO SAFE GUARD OUR INVESTMENT.)
NIFTY SPOT LEVELS:
Pivot: 5487
Support:: 5444/5412/5370
Resistance: 5519/5560/5593
NIFTY FnO BAN: HDIL
STOCKS FOR DAY:
IDFC EQ: SELL < 98 TRG 90 SL 109
APOLLO TYRES EQ: BUY > 62 TRG 65 SL 61.50
TECH MAH EQ: BUY > 1360 TRG 1380/1405 SL 1355
MARUTI EQ: BUY > 1307 TRG 1320 SL 1295
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