MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5415
Support: 5248/5158/4990
Resistance: 5507/5672/5764
NIFTY FnO BAN: NIL
STOCKS FOR DAYS:
HEXAWARE EQ: BUY > 128.5/131 TRG 133.50 SL 128.5/126
HDFC BANK EQ: SELL < 574 TRG 550 SL 591
VOLTAS EQ: SELL < 66 TRG 62 SL 72.5
Yesterday selling has come more heavily than expected. We are able to see rush to sell and that is reason market has started selling below than its technical resistance of 5620. Yesterday's market panic has left the NIfty at its one of the worst technical values. Now days we are witnessing the market movement against technical values (utmost), today also Nifty may get support @ 5280/5250 level. Since, market sentiment is very weak, unless the market closes above 5500 levels, one should not go for positional trades.
NIFTY SPOT LEVELS:
Pivot: 5415
Support: 5248/5158/4990
Resistance: 5507/5672/5764
NIFTY FnO BAN: NIL
STOCKS FOR DAYS:
HEXAWARE EQ: BUY > 128.5/131 TRG 133.50 SL 128.5/126
HDFC BANK EQ: SELL < 574 TRG 550 SL 591
VOLTAS EQ: SELL < 66 TRG 62 SL 72.5
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