MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5890
Resistance: 5947/5982/6040
Support: 5865/5798/5764
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
OPTOCIRCUITS EQ: BUY > 25.75 TRG 27.50 SL 24.75
RECL EQ: BUY > 194 TRG 198 SL 191
HDFC EQ: BUY > 818 TRG 824/834 SL 805
RELINFRA EQ: BUY > 375 TRG 384/388 SL 369
YESTERDAY MARKET IS DAY OF CONSOLIDATION AND PARTIAL PROFIT BOOKING. STILL MR RAJAN'S - RBI NEWS ARE INFLUENCING THE MARKET AND BOOSTING BANK NIFTY AND TRADERS ARE SHIFTING MONEY TO WELL BEATEN SECTORS LIKE INFRA. TODAY AS MOST OF EUROPE DATA EXPECTING POSITIVE AND OUR IIP DATA ALSO WILL BE BETTER THAN PREVIOUS, SHORT TERM TRADERS MAY USE THIS POSITIVE NEWS AND MAY BOOK SOME MORE PROFITS AT EVERY HIGH AND OPEN FOR MARKET VOLATILITY.
TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND MAY GET RESISTANCE @ 5950/5980 LEVEL AND CLOSE WITH POSITIVE AT THE END OF DAY.
Pivot: 5890
Resistance: 5947/5982/6040
Support: 5865/5798/5764
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
OPTOCIRCUITS EQ: BUY > 25.75 TRG 27.50 SL 24.75
RECL EQ: BUY > 194 TRG 198 SL 191
HDFC EQ: BUY > 818 TRG 824/834 SL 805
RELINFRA EQ: BUY > 375 TRG 384/388 SL 369
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