MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6202
Resistance: 6221/6240/6260
Support: 6183/6163/6145
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
APOLLOTYRES EQ: BUY> 69.50 TRG 71.50 SL 68
RPOWER EQ: BUY > 75.75 TRG 78.25 SL 73.80
DABUR EQ: BUY > 176 TRG 182 SL 172.75
CIPLA EQ: SELL < 414 TRG 408 SL 419
YESTERDAY ALSO MARKET WENT ON CONSOLIDATION. MIDCAP & SMALL CAP STOCKS HAVE BECOME ACTIVE ON BOARD AND CONTRIBUTED BREADTH TO MARKET, ALONG WITH PUSHING THE MARKET TO OVER BOUGHT ZONE. SURPRISINGLY NIFTY DERIVATIVES SUPPORT HAS BEEN PUSHED TO 6100 FROM 5700 LEVEL. IN A CONTRA WE WITNESSED LOW VOLUMES, REDUCED OPEN INTEREST AND POOR CASH FLOWS. THIS INDICATES THAT, NIFTY WILL GET SELLING PRESSURE AT HIGHER LEVEL, UNLESS TRADERS GOES FOR BUYING RAMPAGE WITH GOOD VOLUMES.
TODAY NIFTY MAY OPEN FLAT IN LINE WITH OTHER ASIAN MARKETS. NIFTY MAY GET RESISTANCE @ 6240/6260 LEVEL
Pivot: 6202
Resistance: 6221/6240/6260
Support: 6183/6163/6145
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
APOLLOTYRES EQ: BUY> 69.50 TRG 71.50 SL 68
RPOWER EQ: BUY > 75.75 TRG 78.25 SL 73.80
DABUR EQ: BUY > 176 TRG 182 SL 172.75
CIPLA EQ: SELL < 414 TRG 408 SL 419
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