MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5917
Resistance: 5962/6035/6080
Support: 5844/5799/5726
NIFTY FnO BAN: FINNANTECH
STOCKS FOR THE DAY:
POLARIS EQ: BUY > 115 TRG 118 SL 113.50
KALYANI STEEL EQ: BUY > 44 TRG 46 SL 43
GREAVES COTTON EQ: BUY > 57 TRG 59.50
YESTERDAY MARKET IS SEQUEL OF BEFORE THE DAY SHOW. SINCE SEP. DERIVATIVE SERIES IS GOING TO END BY 26TH, AND ROLLOVERS HAS TO CONTINUE, MARKET IS LIKELY TO CONTINUE ITS VOLATILITY AT PRESENT NIFTY RANGE HAS BEEN SET BETWEEN 5700-6000 AND 5840 & 5730 ARE SUPPORTIVE AREAS, MARKET LIKELY TO MOVE ACCORDINGLY.
TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS. DURING THE DAY WE MAY WITNESS VALUE BUYING AT SELECTIVE STOCKS AND BY THE END OF THE DAY MARKET MAY CLOSE FLAT TO NEGATIVE MARGINALLY.
NIFTY SPOT LEVELS:
Pivot: 5917
Resistance: 5962/6035/6080
Support: 5844/5799/5726
NIFTY FnO BAN: FINNANTECH
STOCKS FOR THE DAY:
POLARIS EQ: BUY > 115 TRG 118 SL 113.50
KALYANI STEEL EQ: BUY > 44 TRG 46 SL 43
GREAVES COTTON EQ: BUY > 57 TRG 59.50
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