MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5854
Resistance: 5889/5944/5978
Support: 5798/5764/5708
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IRB EQ: SELL < 80 TRG 75 SL 82
RELINFRA EQ: SELL < 396 TRG 380 SL 403
TATAMOTORS DVR EQ: BUY > 168 TRG 170 SL 165.75
FRIDAY NIFTY HAS BEEN HANDOVER TO BEARS AFTER FIGHTING OVER 2 WEEKS. 20TH SEP. HAS RECORDED FIST LOSS FOR THE BULLS. SINCE THEN NIFTY IS UNDER PRESSURE/CONSOLIDATION AND FINALLY GIVEN UP 200 DMA SUPPORT. IF NIFTY GETS SUPPORT AT 5720/5740, MARKET MAY GET SOME CONSOLIDATION AND KEEP THE SHORT TERM UPTREND. IF 5720 BREAKS, 5600 LEVEL (GAP FILLING AREA) MAY BE THE SUPPORT FOR NIFTY IN SHORT TERM.
TODAY ALL OUR PEER MARKET HAVE BEEN STARTED IN RED ALONG WITH OUR SGX NIFTY. OUR MARKET ALSO MAY GET OP;EN WITH NEGATIVE BIAS AND MAY FOLLOW DAY PIVOT LEVELS.
Pivot: 5854
Resistance: 5889/5944/5978
Support: 5798/5764/5708
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IRB EQ: SELL < 80 TRG 75 SL 82
RELINFRA EQ: SELL < 396 TRG 380 SL 403
TATAMOTORS DVR EQ: BUY > 168 TRG 170 SL 165.75
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