MARKET TREND:
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
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
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