MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6099
Resistance: 6159/6202/6261
Support:6056/5997/5954
NIFTY FnO BAN: FINANTEC
STOCKS FOR THE DAY:
HINDZINC EQ: BUY > 128 TRG 131 SL 126.50
GODREJIND EQ: BUY > 295 TRG 299 SL 289.50
BHARATFORGE EQ: SELL < 262 TRG 258 SL 268
MARKET MAKES MANY SURPRISES. YESTERDAYS BREAK IS ONE OF THE EVENT. EVEN THOUGH MANY EXPECTED GAP UP OPENING, MANY MIGHT HAVE NOT EXPECTED SUSTAINING AT HIGH LEVEL. IN RECENT DAYS MARKET IS REACTING AS, ONE (1) NEWS IS NOTHING AND TWO (2) ARE TOO MUCH. YESTERDAY ALSO FED + Rs SUPPORT + POSITIVE EXPECTATIONS FROM Mr. RAJAN, NIFTY HAS BROKEN ALL HURDLES AND GIVEN POSITIVES.
AS TODAY MAJOR PEER MARKETS ON HOLIDAY AND FIIs ARE USED TO SELL, WHEN EVER MARKET IS VERY STRONG TECHNICALLY, TODAY MARKET MAY WITNESS PROFIT BOOKING AT 6160 LEVEL AND IF THE RBI ANNOUNCEMENTS ARE BELOW THE EXPECTATIONS, MARKET MAY GO FOR PROFIT BOOKING, TO THE LEVEL OF WEEK OPENING OF 5930
Pivot: 6099
Resistance: 6159/6202/6261
Support:6056/5997/5954
NIFTY FnO BAN: FINANTEC
STOCKS FOR THE DAY:
HINDZINC EQ: BUY > 128 TRG 131 SL 126.50
GODREJIND EQ: BUY > 295 TRG 299 SL 289.50
BHARATFORGE EQ: SELL < 262 TRG 258 SL 268
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