MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6149
Support: 6120/6100/6073
Resistance: 6170/6100/6070
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 284.50 TRG 289 SL 281
BIOCON EQ : SELL < 336 TRG 327 SL 342
RIL EQ: BUY > 885 TRG 892 SL 879
FRIDAY MARKET WITNESSED SQUARE OFF POSITIONS TO GET PREPARE FOR THIS WEEK EVENTS. AS CASH FLOWS ARE IN TACT AND EXPECTING MARKET WILL BE 'ALL IS WELL' SITUATION, MARKET MAY FACE VOLATILITY AND IF IT NOT ABLE TO CLOSE ABOVE 6200, WE MAY WITNESS SOME SELLING PRESSURE.
AS DERIVATIVES PREMIUM IS DISCOUNT AND PEER MARKETS HAVE OPENED POSITIVE, OUR MARKET MAY OPEN WITH POSITIVE BIAS. WE SEE 6170/6180 AS RESISTANCE TO MARKET TO COUNTER GRAVESTONE DOJI, WHICH FORMED ON FRIDAY.
NIFTY SPOT LEVELS:
Pivot: 6149
Support: 6120/6100/6073
Resistance: 6170/6100/6070
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 284.50 TRG 289 SL 281
BIOCON EQ : SELL < 336 TRG 327 SL 342
RIL EQ: BUY > 885 TRG 892 SL 879
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