MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5442
Support:: 5390/5308/5257
Resistance: 5523/5575/5656
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
POLARIS FIN EQ: BUY > 117 TRG 120 SL 115
HINDZINC EQQ: BUY > 123 TRG 129 SL 117
RELOANCE EQ: BUY > 846/855 TRG 865 SL 834
TODAY MARKET MAY SURPRISE WITH SELECTIVE STRIPS. PEER MARKETS ARE IN UPBEAT AND OUR MARKET IS ALSO ON UPSIDE FROM LAST 3DAYS. OUR GOVT. ACTIONS ARE BEEN WATCHING BY FIIs,PETROL HIKE MAY BE MINUS FOR US AND FIIs READ AS PLUS, AND PICK UP SELECTIVE STRIPS. AS MANY STOCKS ARE SELL AT HIGHS OR WITH NEGATIVE TECHNICALLY, ONLY VOLUME DRIVE CAN BE COMES IN THE WAY FOR POSITIVE CLOSING OF EACH STRIP. WE ADVISE THE DAY TRADERS TO MAINTAIN STRICT STOP LOSS FOR EVERY TRADE.
TODAY MARKET MAY OPEN POSITIVE AND GO FOR VOLATILITY DEPEND ON HSBC MPI DATA AND CLOSE AROUND 5520
NIFTY SPOT LEVELS:
Pivot: 5442
Support:: 5390/5308/5257
Resistance: 5523/5575/5656
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
POLARIS FIN EQ: BUY > 117 TRG 120 SL 115
HINDZINC EQQ: BUY > 123 TRG 129 SL 117
RELOANCE EQ: BUY > 846/855 TRG 865 SL 834
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