MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6272/6324/6422
Support: 6124/6027/5975
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ARVIND EQ: BUY > 105 TRG 110 SL 102
TINPLATE EQ: SELL < 47 TRG 44.75 SL 48.50
GAEL EQ: BUY > 26.25 TRG 28.50 SL 24.75
DISHMANPHARMA EQ: BUY > 62.50 TRG 65.50 SL 60.75
YESTERDAY MARKET ACTION IS VERY TECHNICAL AND SENTIMENTAL. AS ONLY ONE DAY AWAY FOR NEAR MONTH DERIVATIVES CLOSING, TODAY NIFTY MAY FACE VOLATILITY. SINCE, ALMOST ALL MAJOR CORP ORATES' RESULTS ARE OVER AND EQUITY PORTFOLIOS HAVE BEEN RESTRUCTURED ACCORDINGLY, WE MAY WITNESS PROFIT BOOKING FROM POSITIONAL TRADERS AT HIGHER LEVELS.
IN LINE WITH PEER MARKETS AND CONTINUE TO YESTERDAYS PULL BACK, MORNING HOURS WE MAY SEE NIFTY AT HIGH AND LIKELY TO GET RESISTANCE @ 6280/6300 LEVEL. TRADERS CAN GO SHORT WITH 6320 SL.
Pivot: 6176
Resistance: 6272/6324/6422
Support: 6124/6027/5975
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ARVIND EQ: BUY > 105 TRG 110 SL 102
TINPLATE EQ: SELL < 47 TRG 44.75 SL 48.50
GAEL EQ: BUY > 26.25 TRG 28.50 SL 24.75
DISHMANPHARMA EQ: BUY > 62.50 TRG 65.50 SL 60.75
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