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
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
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