MARKET TREND:
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
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.
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
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