MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5532
Resistance: 5584/5618/5670
Support: 5498/5445/5412
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
THINKSOFT EQ: BUY > 92 TRG 99 SL 86
HINDALCO EQ: BUY > 107.50 TRG 110.50 SL 105.80
IDEA EQ: SELL < 157 TRG 153/151 SL 162
Yesterday Market has given some more plus to Nifty. All indices have been closed in Green. But as we referred specific stocks have bought and sold very nice. MnM is in red and Mnm Fin in green. IT sector in Green Infy is red. Energy sector in Green Tata power in red. Bank indices is green SBI, HDFC Bank, Kotak are in red. Since Market is in upbeat in line with peer markets, even neglected HSBC's PMI data and Petrol price increase also. As market is already is in Green for 4 days in row and technical are in advantage, Positional Traders may go for profit booking at higher levels. Nifty may get resistance @ 5620, even though it opens with positive bias. We advise the traders to book profits at higher levels, but not to go for short. Now Nifty range is between 5300-5700
NIFTY SPOT LEVELS:
Pivot: 5532
Resistance: 5584/5618/5670
Support: 5498/5445/5412
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
THINKSOFT EQ: BUY > 92 TRG 99 SL 86
HINDALCO EQ: BUY > 107.50 TRG 110.50 SL 105.80
IDEA EQ: SELL < 157 TRG 153/151 SL 162
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