MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5895
Resistance: 5936/5979/6020
Support: 5850/5810/5768
NIFTY FnO BAN: NIL
STOCKS FOR THE DAY:
DELTACORP EQ: BUY > 69.50 TRG 72/75 SL 66.50
JSWSL EQ: BUY > 726 TRG 737/753 SL 709
HINDALCO EQ: BUY > 113 TRG 118 SL 110
RCOM EQ: BUY > 155 TRG 157 SL 152.50
YESTERDAY MARKET IS IN CONSOLIDATION AND MOVED AS WE EXPECTED. AS MARKET HAS MOVED FROM 5118 IN THIS MONTH AND IT HAS GIVEN SIZABLE MARGIN FOR SHORT TERM TRADERS, TODAY ALSO WE MAY SEE PROFIT BOOKING IN SELECTIVE STOCKS AND ROLL OVER TO PROSPECTIVE SECTORS. AS PEER MARKETS HAVE OPENED FLAT AND OUR NIFTY ALSO MAY OPEN FLAT TO NEGATIVE BIAS. SINCE, TODAY'S US DATA IS EXPECTING POSITIVELY, AND OIL PRICES ARE WELL IN CONTROL, EUROPE AND US MARKETS MAY OPEN POSITIVE AND ACCORDINGLY, OUR NIFTY ALSO MAY GO FOR POSITIVE IN THE SECOND SESSION.
TODAY TRADERS CAN GO LONG WITH 5810 STOP LOSS FOR THE TARGET OF 5900/5940.
NIFTY SPOT LEVELS:
Pivot: 5895
Resistance: 5936/5979/6020
Support: 5850/5810/5768
NIFTY FnO BAN: NIL
STOCKS FOR THE DAY:
DELTACORP EQ: BUY > 69.50 TRG 72/75 SL 66.50
JSWSL EQ: BUY > 726 TRG 737/753 SL 709
HINDALCO EQ: BUY > 113 TRG 118 SL 110
RCOM EQ: BUY > 155 TRG 157 SL 152.50
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