MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6063
Resistance: 6094/6141/6172
Support: 6015/5980/5935
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 272 TRG 277 SL 269
GODREJIND EQ: BUY > 278 TRG 282 SL 275
FRL EQ: BUY > 78 TRG 81/84 SL 75
DABUR EQ: SELL < 168 TRG 165 SL 170
YESTERDAY MARKET MOVED AS PER EXPECTATIONS ALONG WITH IMPROVED BREADTH AND VOLATILITY. SO FAR CORP. RESULTS ARE ENCOURAGING AND GIVING HOPE OF ATTRACTING INVESTMENT IN EQUITIES, MORE THAN TRADING SEGMENT OF DERIVATIVES. FIIs HAVE BOUGHT MORE THAN 2K CR. IN LAST 2 DAYS AND AS THE WEAK END TODAY TRADE MAY WITNESS SOME PROFIT BOOKING IN THIS SEGMENT. NEWS ON BANKS DEPOSITS AND ADVANCES ARE ENCOURAGING, BANK INDEX MAY GO FOR SOME MORE CORRECTION AND GET CONSOLIDATE AS ITS QTR. RESULTS FLOWS.
SINCE OUR PEER MARKETS STARTED POSITIVE, OUR NIFTY ALSO LIKELY TO START POSITIVE AND WITNESS AT HIGHER LEVEL. NIFTY MAY GET RESISTANCE AT 6120/6140 LEVEL AND END OF THE DAY MARKET MAY CLOSE FLAT.
NIFTY SPOT LEVELS:
Pivot: 6063
Resistance: 6094/6141/6172
Support: 6015/5980/5935
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 272 TRG 277 SL 269
GODREJIND EQ: BUY > 278 TRG 282 SL 275
FRL EQ: BUY > 78 TRG 81/84 SL 75
DABUR EQ: SELL < 168 TRG 165 SL 170
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