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
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
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