MARKET TREND:
FRIDAY MARKET TECHNICALS WERE DOMINATED BY CASH FLOWS AND GIVEN PLUS TO NIFTY. SINCE VOLUMES CAN TURN THE TABLE, WE ALWAYS SUGGEST TO TRADE WITH STOP LOSS ONLY. TODAY WE MAY WITNESS ONE MORE DAY OF CONSOLIDATION WITH RESISTANCE AT 6240. ALSO, WE ARE WITNESSING PROFIT BOOKING BY TRADERS, WHEN EVER MARKET BECOME POSITIVE IN TECHINCALS, YOU MAY BE KEEP ALERT AT HIGHER LEVELS.
NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6236/6284/6367
Support: 6106/6023/5975
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IRB EQ: BUY > 78.50 TRG 80.00/81.50 SL 77
MMTC EQ: BUY > 50 TRG 51 SL 49
DB REALITY EQ: BUY > 62.80 TRG 66 SL 60.75
FRIDAY MARKET TECHNICALS WERE DOMINATED BY CASH FLOWS AND GIVEN PLUS TO NIFTY. SINCE VOLUMES CAN TURN THE TABLE, WE ALWAYS SUGGEST TO TRADE WITH STOP LOSS ONLY. TODAY WE MAY WITNESS ONE MORE DAY OF CONSOLIDATION WITH RESISTANCE AT 6240. ALSO, WE ARE WITNESSING PROFIT BOOKING BY TRADERS, WHEN EVER MARKET BECOME POSITIVE IN TECHINCALS, YOU MAY BE KEEP ALERT AT HIGHER LEVELS.
NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6236/6284/6367
Support: 6106/6023/5975
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IRB EQ: BUY > 78.50 TRG 80.00/81.50 SL 77
MMTC EQ: BUY > 50 TRG 51 SL 49
DB REALITY EQ: BUY > 62.80 TRG 66 SL 60.75
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