MARKET TREND:
YESTERDAY DURING TRADING HOURS, EUROPE'S DATA IS GIVEN MIXED AGAINST THE POSITIVE DATA. SINCE PEER MARKETS ALSO IN RED, OUR MARKET HAS NOT PULLED BACK AS PER EXPECTATIONS. SINCE OUR IIP DATA IS IN POSITIVE AND ALSO, LAST 2 DAYS PROFIT BOOKING HAS TAKEN PLACE, TODAY WE MAY WITNESS VALUE BUY IN SELECTIVE STRIPS. AS TODAY IS LAST WORKING DAY FOR THE WEEK, MARKET MAY BE CLOSED FLAT.
YESTERDAY ALSO, SMALLER MARKET CAP STOCKS HAVE PERFORMED BETTER THAN LARGE CAP STOCKS AND LIKELY TO CONTINUE EVEN TODAY.
TODAY TRADERS CAN GO LONG IN NIFTY WITH 5800 SL FOR THE TARGET OF 5870.
NIFTY SPOT LEVELS:
Pivot: 5866
Resistance: 5917/5982/6032
Support: 5800/5750/5684
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HONDA SEIL EQ : BUY > 345 TRG 377 SL 318
JINDAL PHOTO EQ: BUY > 93 TRG 100 SL 88
GSS INFO EQ: BUY > 33 TRG 38 SL 31
ADANIPOWER EQ: SELL < 36 TRG 34 SL 37.25
YESTERDAY DURING TRADING HOURS, EUROPE'S DATA IS GIVEN MIXED AGAINST THE POSITIVE DATA. SINCE PEER MARKETS ALSO IN RED, OUR MARKET HAS NOT PULLED BACK AS PER EXPECTATIONS. SINCE OUR IIP DATA IS IN POSITIVE AND ALSO, LAST 2 DAYS PROFIT BOOKING HAS TAKEN PLACE, TODAY WE MAY WITNESS VALUE BUY IN SELECTIVE STRIPS. AS TODAY IS LAST WORKING DAY FOR THE WEEK, MARKET MAY BE CLOSED FLAT.
YESTERDAY ALSO, SMALLER MARKET CAP STOCKS HAVE PERFORMED BETTER THAN LARGE CAP STOCKS AND LIKELY TO CONTINUE EVEN TODAY.
TODAY TRADERS CAN GO LONG IN NIFTY WITH 5800 SL FOR THE TARGET OF 5870.
NIFTY SPOT LEVELS:
Pivot: 5866
Resistance: 5917/5982/6032
Support: 5800/5750/5684
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HONDA SEIL EQ : BUY > 345 TRG 377 SL 318
JINDAL PHOTO EQ: BUY > 93 TRG 100 SL 88
GSS INFO EQ: BUY > 33 TRG 38 SL 31
ADANIPOWER EQ: SELL < 36 TRG 34 SL 37.25
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