MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5888
Resistance: 5912/5941/5965
Support: 5858/5834/5805
NIFTY FnO BAN: NIL
STOCKS FOR THE DAY:
INOXLEISURE EQ: SELL < 72 TRG 69.50 SL 74
POLARIS EQ: BUY > 125 TRG 130 SL 121
STERTECH EQ: BUY > 19.20 TRG 20/20.50 SL 18.50
ABGSHIP EQ: BUY > 284 TRG 315 SL 267
TATA ELXSI EQ: BUY > 185 TRG 195/200 SL 174
JINDALDRILL EQ: BUY > 159 TRG 170 SL 149
AS WE INDICATED IN OUR PREVIOUS REPORT, YESTERDAY WE HAVE WITNESSED SELECTIVE STOCKS PICS (LIKE ABG ETC) WITH GOOD VOLUMES. SEPTEMBER SERIES CLOSED POSITIVELY WITH RESPECTABLE PERCENTAGE OF 9% (AFTER TOUGHING ALMOST 20% HIGH). EVEN THOUGH CURRENCY AND RBI ACTIONS NOT SUPPORTIVE TO EQUITY MARKETS OUR NIFTY HAS PERFORMED VERY WELL. THIS MONTH SERIES LIKELY TO BE VOLATILE AND NEWS DRIVEN, DUE TO ADVANCE TAX AND QUARTERLY RESULTS EXPECTATIONS.
AS TODAY PEER MARKET HAVE OPENED FLAT WITH NEGATIVE BIAS, OUR MARKET ALSO MAY OPEN FLAT AND AS MARKET IS TECHNICALLY WEAK AND TODAY IS WEEK END, OUR TRADERS MAY GO FOR SOME MORE PROFIT BOOKING AND MARKET MAY CLOSE IN NEGATIVE. TODAY NIFTY MAY GET SUPPORT
NIFTY SPOT LEVELS:
Pivot: 5888
Resistance: 5912/5941/5965
Support: 5858/5834/5805
NIFTY FnO BAN: NIL
STOCKS FOR THE DAY:
INOXLEISURE EQ: SELL < 72 TRG 69.50 SL 74
POLARIS EQ: BUY > 125 TRG 130 SL 121
STERTECH EQ: BUY > 19.20 TRG 20/20.50 SL 18.50
ABGSHIP EQ: BUY > 284 TRG 315 SL 267
TATA ELXSI EQ: BUY > 185 TRG 195/200 SL 174
JINDALDRILL EQ: BUY > 159 TRG 170 SL 149
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