MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6121
Resistance: 6149/6195/6223
Support: 6070/6046/5999
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HDFC EQ: BUY > 813/818 TRG 825 SL 805
KALYANISTEEL EQ: BUY > 48 TRG 50 SL 46.50
RELINFRA EQ: SELL < 416.50 TRG 408 SL 422
YESTERDAY MARKET WITNESSED ROLLOVERS OF DERIVATIVE POSITIONS AND PROFIT BOOKING IN WEAKER STOCKS. EVEN THOUGH OUR PSU BANKS AND BROKERS ARE EXPECTING REPO RATE INCREASE FROM RBI, IT HAS BEEN FACTORED BY MARKET. BUT FINANCIAL ANALYSTS ARE NOT EXPECTING ANY RATE INCREASE AND IT MAY BE FACT, AS RBI FORECAST POOR GROWTH. IF ANY POSITIVE MOVE BY RBI, CAN BOOST THE BREADTH OF THE MARKET, THERE IN WE CAN SEE POSITIVE CLOSE. ALSO WE MAY WITNESS BUYING BY FIIs AS THEY ARE USED TO EN-CASH POOR SENTIMENT OF OVERALL MARKET (TECHNICALLY).
TODAY MARKET MAY OPEN FLAT AND WITNESS BUYING AT LOWS 6070/6040 LEVELS.
NIFTY SPOT LEVELS:
Pivot: 6121
Resistance: 6149/6195/6223
Support: 6070/6046/5999
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HDFC EQ: BUY > 813/818 TRG 825 SL 805
KALYANISTEEL EQ: BUY > 48 TRG 50 SL 46.50
RELINFRA EQ: SELL < 416.50 TRG 408 SL 422
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