Thursday, October 31, 2013

01-11-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS HIT THE NEW HIGH ALONG WITH GOOD OPEN INTEREST.  BUT FIIs ARE AT SELL SIDE IN DERIVATES AND LONG IN EQUITY SEGMENT.  THIS INDICATE PORTFOLIO MANAGERS ARE ACTIVE IN RE-BUILD THEIR PORTFOLIOS.  STOCK SPECIFIC ACTION MAY CONTINUE FOR SOME MORE TIME WITHOUT MUCH BAND BAZA.
TODAY MARKET MAY OPEN FLAT IN LINE WITH PEER MARKETS AND MAY FACE RESISTANCE @ 6330 LEVEL.  SINCE TODAY IS WEEK END AND LAST DAY FOR HINDU CALENDER YEAR. WE ADVISE TO TRADE WITH CAUTION.

NIFTY SPOT LEVELS:
Pivot: 6281
Resistance: 6327/6354/6400
Support: 6253/6208/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDFC EQ: BUY > 104.80 TRG 107.50 SL 103
HINDALCO EQ: BUY > 114.50 TRG 117 SL 112
DELTACORP EQ: SELL < 87.75 TRG 86/84 SL 90
RELINFRA EQ: BUY > 431 TRG 435 SL 427

Wednesday, October 30, 2013

31-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS, BUT IT HAS FORMED SHOOTING STAR BEARISH CANDLE.  THIS INDICATES SELL AT HIGHER LEVELS. ALSO AS TODAY IS THE NEAR MONTH SETTLEMENT DAY, WE MAY WITNESS VOLATILITY. 
TODAY MARKET MAY OPEN FLAT WITH NEGATIVE BIAS AND YESTERDAYS HIGH MAY ACT AS RESISTANCE TO NIFTY.

NIFTY SPOT LEVELS:
Pivot: 6248
Resistance: 6273/6294/6320
Support: 6226/6201/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DIVIS EQ: SELL < 981 TRG 963 SL 991
BATA EQ: SELL < 891 TRG 851 SL 923
DELTACORP EQ : BUY > 82 TRG 86.50/94 SL 75

Tuesday, October 29, 2013

30-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET ACTION IS VERY TECHNICAL AND SENTIMENTAL. AS ONLY ONE DAY AWAY FOR NEAR MONTH DERIVATIVES CLOSING, TODAY NIFTY MAY FACE VOLATILITY.   SINCE, ALMOST ALL MAJOR CORP ORATES' RESULTS ARE  OVER AND EQUITY PORTFOLIOS HAVE BEEN RESTRUCTURED ACCORDINGLY,  WE MAY WITNESS PROFIT BOOKING FROM POSITIONAL TRADERS AT HIGHER LEVELS.
IN LINE WITH PEER MARKETS AND CONTINUE TO YESTERDAYS PULL BACK, MORNING HOURS WE MAY SEE NIFTY AT HIGH AND LIKELY TO GET RESISTANCE @ 6280/6300 LEVEL.  TRADERS CAN GO SHORT WITH 6320 SL.

NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6272/6324/6422
Support: 6124/6027/5975

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ARVIND EQ: BUY > 105 TRG 110 SL 102
TINPLATE EQ: SELL < 47 TRG 44.75 SL 48.50
GAEL EQ: BUY > 26.25 TRG 28.50 SL 24.75
DISHMANPHARMA EQ: BUY > 62.50 TRG 65.50 SL 60.75

Monday, October 28, 2013

29-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET WITNESSED ROLLOVERS OF DERIVATIVE POSITIONS AND PROFIT BOOKING IN WEAKER STOCKS.  EVEN THOUGH OUR PSU BANKS AND BROKERS ARE EXPECTING REPO RATE INCREASE FROM RBI, IT HAS BEEN FACTORED BY MARKET.   BUT FINANCIAL ANALYSTS ARE  NOT EXPECTING ANY RATE INCREASE AND IT MAY BE FACT, AS RBI FORECAST POOR GROWTH. IF ANY POSITIVE MOVE BY RBI, CAN BOOST THE BREADTH OF THE MARKET, THERE IN WE CAN SEE POSITIVE CLOSE.  ALSO WE MAY WITNESS BUYING BY FIIs AS THEY ARE USED TO EN-CASH POOR SENTIMENT OF OVERALL MARKET (TECHNICALLY).
TODAY MARKET MAY OPEN FLAT AND WITNESS BUYING AT LOWS 6070/6040 LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6121
Resistance: 6149/6195/6223
Support: 6070/6046/5999

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HDFC EQ: BUY > 813/818 TRG 825 SL 805
KALYANISTEEL EQ: BUY > 48 TRG 50 SL 46.50
RELINFRA EQ: SELL < 416.50 TRG 408 SL 422

STRESS TO BROKING INDUSTRY

Stressed broking industry seeing a shake-up

Almost 500 stock brokers have shut shop so far this year

Sunday, October 27, 2013

28-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET WITNESSED SQUARE OFF POSITIONS TO GET PREPARE FOR THIS WEEK EVENTS. AS CASH FLOWS ARE IN TACT AND EXPECTING  MARKET WILL BE 'ALL IS WELL'  SITUATION, MARKET MAY FACE VOLATILITY AND IF IT NOT ABLE TO CLOSE ABOVE 6200, WE MAY WITNESS SOME SELLING PRESSURE. 
AS DERIVATIVES PREMIUM IS DISCOUNT AND PEER MARKETS HAVE OPENED POSITIVE, OUR MARKET MAY OPEN WITH POSITIVE BIAS.  WE SEE 6170/6180 AS RESISTANCE TO MARKET TO COUNTER GRAVESTONE DOJI, WHICH FORMED ON FRIDAY. 

NIFTY SPOT LEVELS:
Pivot: 6149
Support: 6120/6100/6073
Resistance: 6170/6100/6070

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 284.50 TRG 289 SL 281
BIOCON EQ : SELL < 336 TRG 327 SL 342
RIL EQ: BUY > 885 TRG 892 SL 879

Thursday, October 24, 2013

25-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET GOT ANOTHER CONSOLIDATION WITH POOR TECHNICALS.   BUT OVERALL MARKET UP TREND WAS NOT YET DISTURBED.  NIFTY DERIVATIVES SUPPORT AGAIN MOVED TO 6000 LEVEL FROM 5700, AND THIS INDICATE CASH FLOWS ARE IN TACT AND CAN MARKET CAN GET SUPPORT AT LOWER LEVELS.
NIFTY MAY OPEN WITH POSITIVE NOTE AND DAY SUPPORT CAN GET @ 6120/6080 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6187
Resistance: 6230/6296/6340
Support: 6120/6077/6011

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ADANI PORT EQ: SELL < 156 TRG 150 SL 160
GODREJIND EQ: SELL < 286 TRG 279 SL 290
FEDERALBAND EQ: BUY > 81 TRG 84-86 SL 79
BIOCON EQ: BUY > 340 TRG 345 SL 336

Wednesday, October 23, 2013

Tuesday, October 22, 2013

23-10-13 MARKET:

MARKET TREND:
YESTERDAY ALSO MARKET WENT ON CONSOLIDATION.  MIDCAP & SMALL CAP STOCKS HAVE BECOME ACTIVE ON BOARD AND CONTRIBUTED BREADTH TO MARKET, ALONG WITH PUSHING THE MARKET TO OVER BOUGHT ZONE. SURPRISINGLY NIFTY DERIVATIVES SUPPORT HAS BEEN PUSHED TO 6100 FROM 5700 LEVEL. IN A CONTRA WE WITNESSED LOW VOLUMES, REDUCED OPEN INTEREST AND POOR CASH FLOWS.  THIS INDICATES THAT, NIFTY WILL GET SELLING PRESSURE AT HIGHER LEVEL, UNLESS TRADERS GOES FOR BUYING RAMPAGE WITH GOOD VOLUMES.
TODAY NIFTY MAY OPEN FLAT IN LINE WITH OTHER ASIAN MARKETS. NIFTY MAY GET RESISTANCE @ 6240/6260 LEVEL

NIFTY SPOT LEVELS:
Pivot: 6202
Resistance: 6221/6240/6260
Support: 6183/6163/6145

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLOTYRES EQ: BUY> 69.50 TRG 71.50 SL 68
RPOWER EQ: BUY > 75.75 TRG 78.25  SL 73.80
DABUR EQ: BUY > 176 TRG 182 SL 172.75
CIPLA EQ: SELL < 414 TRG 408 SL 419

Monday, October 21, 2013

22-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET MOVED AS PER EXPECTATIONS.  MID CAP ACCUMULATION WAS WITNESSED ALONG WITH SHORTS IN LARGE CAP INDICES.  SINCE MARKET IS IN UPTREND DUE TO CASH FLOWS, MARKET MAY WITNESS CORRECTION/PROFIT BOOKING WITHIN THIS WEEK.   DURING THIS CORRECTION MARKET WILL PREPARE FOR 31st IS DERIVATIVES SQUARE OFF AND MOORAT TRADING ON 3rd.  BY THAT TIME STRIPS WILL SETTLED WITH ITS REAL VALUES, SHORT TERMS TRADERS MAY BOOK PROFITS AND GET READY FOR MOORAT TRADING.
TODAY MARKET MAY OPEN WITH NEGATIVE INLINE WITH PEERS AND GET SUPPORT 6170/6180 LEVEL AND MAY CLOSE POSITIVE.

NIFTY SPOT LEVELS:
Pivot: 6195
Resistance: 6228/6251/6284
Support: 6173/6140/6117

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
NBCC LTD EQ: BUY > 116 TRG 122 SL 112
KARURVYSYA EQ: BUY > 342 TRG 347 SL 338
RICOAUTO EQ: BUY > 6.50 TRG 7.50/8.15 SL 5.95

Sunday, October 20, 2013

21-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET TECHNICALS WERE DOMINATED BY CASH FLOWS AND GIVEN PLUS TO NIFTY.   SINCE VOLUMES CAN TURN THE TABLE, WE ALWAYS SUGGEST TO TRADE WITH STOP LOSS ONLY. TODAY WE MAY WITNESS ONE MORE DAY OF CONSOLIDATION WITH RESISTANCE AT 6240. ALSO, WE ARE WITNESSING PROFIT BOOKING BY TRADERS, WHEN EVER MARKET BECOME POSITIVE IN TECHINCALS, YOU MAY BE KEEP ALERT AT HIGHER LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6236/6284/6367
Support: 6106/6023/5975

NIFTY FnO BAN:  NIL

STOCKS FOR DAY:
IRB EQ: BUY > 78.50 TRG 80.00/81.50 SL 77
MMTC EQ: BUY > 50 TRG 51 SL 49
DB REALITY EQ: BUY > 62.80 TRG 66 SL 60.75

Thursday, October 17, 2013

18-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET MOVED AS PER EXPECTATIONS ALONG WITH IMPROVED BREADTH AND VOLATILITY. SO FAR CORP. RESULTS ARE ENCOURAGING AND GIVING HOPE OF ATTRACTING INVESTMENT IN EQUITIES, MORE THAN TRADING SEGMENT OF DERIVATIVES.  FIIs HAVE BOUGHT MORE THAN 2K CR. IN LAST 2 DAYS AND AS THE WEAK END TODAY TRADE MAY WITNESS SOME PROFIT BOOKING IN THIS SEGMENT.  NEWS ON BANKS DEPOSITS AND ADVANCES ARE ENCOURAGING, BANK INDEX MAY GO FOR SOME MORE CORRECTION AND GET CONSOLIDATE AS ITS QTR. RESULTS FLOWS.
SINCE OUR PEER MARKETS STARTED POSITIVE, OUR NIFTY ALSO LIKELY TO START POSITIVE AND WITNESS AT HIGHER LEVEL. NIFTY MAY GET RESISTANCE AT 6120/6140 LEVEL AND END OF THE DAY MARKET MAY CLOSE FLAT.

NIFTY SPOT LEVELS:
Pivot: 6063
Resistance: 6094/6141/6172
Support: 6015/5980/5935

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 272 TRG 277 SL 269
GODREJIND EQ: BUY > 278 TRG 282 SL 275
FRL EQ: BUY > 78 TRG 81/84 SL 75
DABUR EQ: SELL < 168 TRG 165 SL 170

Wednesday, October 16, 2013

17-10-13 MARKET:

MARKET TREND:
TUESDAY MARKET WAS DOMINATED BY NEGATIVE NEWS (US STALEMATE AND RBI'S REPO RATE ON 29TH OCT) AND DEVALUED TECHNICAL STRENGTHS.   BUT FIIs ARE IN LONG SIDE BY VALUING TECHNICALS.  SINCE 'US' DEBIT ISSUES HAVE BEEN GETTING SOLVED, OUR MARKET ALSO MAY RESPOND POSITIVELY.
TODAY MARKET OPEN FLAT AND MAY WITNESS SELL AT HIGHS   UNLESS MARKET SUSTAIN ABOVE 6160 WE CAN'T BE ON BULL SIDE.   TODAY MARKET MAY GET RESISTANCE AT 6140/6150 AND CLOSE FLAT TO NEGATIVE.

NIFTY SPOT LEVELS:
Pivot: 6100
Resistance: 6145/6200/6244
Support: 6045/6000/5945

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UTTAMGALVA EQ: BUY > 57 TRG 58.50 SSL 55.75
WIPRO EQ: BUY > 511 TRG 518 SL 503
HINDALCO EQ: SELL < 114 TRG 107 SL 116

Monday, October 14, 2013

15-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS OVERLOOKED NEGATIVE DATA OF INFLATION AND  CLOSED POSITIVE.  ROW OF GOOD QTR. RESULTS & OUR FM TEAM'S PROTEST AGAINST IMF FORECAST, NEWS REGARDING ALLOWING FOREIGN BANKS AND POSITIVE EXPECTATION ABOUT 'US' POLITICAL IMPASSE ALSO HAS TAKEN VERY WELL BY OUR TRADERS AND BETTING ON MARKET.   SINCE, NIFTY DERIVATIVES DATA IS MUCH ENCOURAGING/BETTER THAN EARLIER, WE MAY WITNESS NEW HIGHS.   

TODAY MARKET MAY OPEN WITH GAP UP AND TRY TO GIVE ONE MORE POSITIVE CANDLE TO HANGMAN CANDLE, WHICH CREATED ON 11TH.  IF NIFTY OPENS ABOVE 6140, NIFTY MAY GET RESISTANCE @ 6230.

NIFTY SPOT LEVELS:
Pivot: 6107
Resistance: 6130/6148/6171 (6230 may act day resistance)
Support: 6089/6065/6047

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RPOWER EQ: BUY > 72.80 TRG 74.80 SL 71.50
DELTACORP EQ: BUY > 74.75 TRG 78.75/82 SL 71.40
RELINFRA EQ: BUY > 415 TRG 424/430 SL 408


Sunday, October 13, 2013

14-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET HAS NOT GIVEN MUCH BREAK TO BULLS. TECHNICALLY IT HAS LEFT MIXED TREND (HANGMAN).   ONLY TODAY'S CLOSE AND WPI DATA CAN GIVE THE DIRECTION TO MARKET.
TODAY MARKET MAY OPEN FLAT AND WAIT FOR WPI TRIGGER.  NIFTY MAY GET RESISTANCE 6120/6145 AND GET SUPPORT @ 6000 / 6060 LEVELS FOR DAY.

NIFTY SPOT LEVELS:
Pivot: 6083
Resistance: 6120/6145/6181
Support: 5059/6022/5998

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
UCOBANK EQ: BUY > 66.57 TRG 69.35 SL 65
JAINIRRIGATION EQ: SELL < 61.50 TRG 60.15 SL 62.75
COALINDIA EQ: SELL < 287 TRG 280/276 SL 293

Thursday, October 10, 2013

11-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS WITNESSED ANOTHER CLASSIC MOVEMENT.  YESTERDAY MARKET THROUGHN TECHNICALLY CHALLENGE TO TRADERS.  YESTERDAY VOLUMES ARE LOW, RSI NEGATIVE DIVERGENCE AND VOLATILITY, TODAY MARKET EVENTS LIKE INFY RESULTS, MAJOR INDICES PERFORMANCE AND TODAY'S IPP DATA IS THE KEY CHALLENGES FOR THE MARKET. TODAY MARKET WINNERS SHOULD BE A ABSOLUTE KNOWLEDGE D OR LUCKY MAN.   TODAY MARKET MAY WITNESS DOUBLE COVERAGE OF SHORTS (WHICH MAY HELP FOR NEW HIGHS) OR CRACK DOWN TO GIVE HANDSOME PROFITS TO  SHORTS.

NIFTY SPOT LEVELS:
Pivot: 6012
Resistance: 6043/6066/6097
Support: 5869/5957/5935

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
NMDC EQ: BUY > 130 TRG 133 SL 127.50
NATCOPHARMA EQ: BUY > 658 TRG 724 SL 631
NIITTECH EQ: BUY > 299 TRG 308 SL 292.50

Wednesday, October 9, 2013

10-10-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS WITH TECHNICALLY MIXED STRENGTH.  KEEPING THE TOMORROW EVENTS (INFY RESULTS AND IPP DATA IN EVENING SESSION) NIFTY IS BOUND TO INCREASE ITS VOLATILITY.  SINCE NIFTY DERIVATIVES' RANGE IS BEING SET BETWEEN 5700-6100, MARKET UPSIDE MAY BE LIMITED.  AS ECONOMISTS ARE NOT EXPECTING GOOD FIGURES FROM IIP DATA, SHORTS MAY BE WITNESSED AT UPPER LEVEL.
TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH ASIAN PEER MARKETS. NIFTY MAY GET SUPPORT @ 5960/5920 LEVEL AND MAY CLOSE WITH POSITIVE NOTE.

NIFTY SPOT LEVELS:
Pivot:5966
Resistance: 6056/6105/6194
Support: 5917/5828/5780

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
SUPRAJITENG EQ: BUY > 33.75 TRG 35.50 SL 32.50
HINDALCO EQ: SELL < 119.50 TRG 118/117 SL 121
RELINFRA EQ:  BUY > 408.75 TRG 418 SL 403
DELTACORP EQ: BUY > 68 TRG 71 SL 66

Tuesday, October 8, 2013

09-10-13 MARKET:

MARKET TREND:
WEEKLY EVENTS AND Rs. MOVEMENT INFLUENCING EQUITY MARKETS. NIFTY GETTING ADJUSTED ACCORDING TO INDIVIDUAL STRIP VALUES AND ITS FUTURE PROSPECTS. SINCE INDIVIDUAL STRIPS ARE GETTING VALUE ADJUSTMENTS, TRADING TECHNICALLY IS NOT EASY TASK AND ADVISE THE TRADERS TO BOOK PROFITS AS IT COMES, INSTEAD OF LISTENING TO TECHNICAL SUPPORT AND RESISTANCE LEVELS.

TODAY MARKET LIKELY TO  OPEN WITH NEGATIVE BIAS AND NIFTY MAY GET SUPPORT AT 5870/5830 LEVEL AND CAN GO LONG WITH YESTERDAYS LOWS.

NIFTY SPOT LEVELS:
Pivot: 5941
Resistance: 5969/6010/6038
Support: 5900/5872/5830

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
IDEA EQ: BUY > 179.75 TRG 185.75 SL 176
COALINDIA EQ: SELL < 297 TRG 293/290 SL 301
IBREAL EQ:  BUY > 56.75 TRG 58.50 SL 55.50


Monday, October 7, 2013

08-1013 MARKET:

MARKET TREND:
YESTERDAY IS ANOTHER DAY OF CONSOLIDATION.  EUROPE AND US MARKETS HAVE GONE FOR PROFIT BOOKING ON VARIOUS REASONS LIKE CONTINUE OF US SHUTDOWN ETC.   BUT OUR NIFTY HAS RECOVERED FROM ITS LOWS (THAN EXPECTED) AND CLOSED VERY FLAT.   OUR RBI LIQUIDITY MEASURES HAS GIVEN BOOST TO EQUITY MARKET, EVEN THOUGH Rs. HAS FALLEN AGAINST USD.
TODAY MARKET LIKELY TO OPEN WITH POSITIVE NOTE WITH BANK NIFTY SUPPORT AND MAY LIKELY TO TEST 6000 LEVEL.  

NIFTY SPOT LEVELS:
Pivot: 5881
Resistance: 5939/5967/6023
Support: 5850/5795/5765

NIFTY FnO BAN: NIL

STOCKS TO WATCH FOR DAY:
HINDALCO, JSWSTEEL, APOLLOTYRES, IDFC, IRB,BANK NIFTY

Sunday, October 6, 2013

07-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET IS A DAY OF CONSOLIDATION.  NIFTY HAS CLOSED IN CONVINCINGLY i.e. > 5940, EVEN THOUGH IT HAS SUSTAINED > 200DMA.  MONDAY WILL BE DAY OF EITHER WAY (BREAKOUT/BREAKDOWN) MARKET.  THIS WEEK WE HAVE TO OBSERVE IPP DATA, INFOSYS RESULTS AND AS WELL AS US MARKET ABOUT SHUTDOWN.   AS WE ARE ALL OBSERVING FROM LAST FEW DAYS, STOCK SPECIFIC ACTION WILL BE THERE, AS IT IS BECOME,  PROFESSIONAL TRADERS/BULK DEALERS GAME.
MONDAY MARKET MAY OPEN WITH NEGATIVE BIAS AND NIFTY MAY GET SUPPORT AT 5880 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 5914
Resistiance: 5943/5980/6009
Support: 5878/5848/5810

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
RCOM EQ: SELL < 148 TRG 145/143 SL 151
IRB EQ: SELL < 82 TRG 74.50 S; 84
ADANIPORT EQ: BUY > 143 TRG 146.50/150 SL 139


Thursday, October 3, 2013

04-10-13 MARKET:

MARKET TREND:
YESTERDAY OUR MARKET HAS ACTED DIFFERENT FROM WORLD MARKET.  TECHNICALLY IT HAS GIVEN VERY GOOD PULL BACK IRRESPECTIVE OF US SHUT DOWN.  AS 2rd QTR. RESULTS ARE WITHIN IN CORNER, PORTFOLIO MANAGERS/MFs LIKELY TO RESHUFFLE THEIR HOLDINGS, SELECTIVE STRIPS WILL PLAY MAJOR ROLL IN INDEX MOVEMENT. 
TODAY NIFTY MAY GET RESISTANCE @ 5990 AND TRY TO HOLD PIVOT OF 5880.

NIFTY SPOT LEVELS:
Pivot: 5877
Resistance: 5951/5992/6066
Support: 5836/5762/5721

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
ITC EQ: SELL < 340 TRG 335 SL 344
IRB EQ: BUY > 79 TRG 81/82 SL 77.50
LIC HSG EQ: BUY > 198 TRG 201 SL 195
BHEL EQ: BUY > 144 TRG 146/149 SL 141