MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5590
Resistance: 5628/5664/5702
Support: 5555/5517/5480
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
RELIANCE EQ: BUY > 860 TRG 870/878 SL 852
HINDALCO EQ: BUY > 108 TRG 110/112 SL 106
OPTOCIRCUITS EQ: BUY > 24.75 TRG 25.75 SL 24
OBC EQ: SELL < 160 TRG 142 SL 164
Yesterday Market welcomed Mr Rajan - RBI New Governor with trumping open. Even though Nifty has given 280 points within 2 days, Nifty positions are not convincing in Long side. Still Nifty holding Shorts at higher side. Yesterdays our PM speech @ G 20 summit indicates that, he knows, why Indian Economy is struggling and (US Tapering etc) what to do. But he is just like "KARNA" in Mahabharata, even though he is capable, he is ill-fated and accompanied with bad people . Like that, even our PM was knowledgeable, he could not do anything, because he was forced to leave all his weapons right from 2009.
As our Peer markets have opened flat and expecting poor data from Europe, and due to week end, our market also may close flat, after testing its yesterdays' highs. Today market may get resistance 5630/5680 levels.
NIFTY SPOT LEVELS:
Pivot: 5590
Resistance: 5628/5664/5702
Support: 5555/5517/5480
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
RELIANCE EQ: BUY > 860 TRG 870/878 SL 852
HINDALCO EQ: BUY > 108 TRG 110/112 SL 106
OPTOCIRCUITS EQ: BUY > 24.75 TRG 25.75 SL 24
OBC EQ: SELL < 160 TRG 142 SL 164
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