MARKET TREND:
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
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.
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
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