MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6231
Resistance: 6254/6292/6315
Support: 6193/6170/6132
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IDEA EQ: BUY > 168 TRG 171.50 SL 166
NTPC EQ: BUY > 150 TRG 155 SL 148
HINDALCO EQ: SELL < 116 TRG 114/112 SL 118
YESTERDAY MARKET WAS MOVED AND CLOSED AS WE MENTIONED IN OUR REPORT. SINCE EUROPE POSITIVE DATA IN POSITIVE ALL EUROPE WAS CLOSED IN GREEN. AS YESTERDAY TRADING VOLUMES ARE NOT MUCH TO SUPPORT ABSOLUTE BEARISH TREND. TODAY/COUPLE OF DAYS MARKET MAY BE RANGE BOUND TILL THE SIZABLE SHORTS BUILD UP IN THIS ATTEMPT NIFTY MAY TRY AGAIN THE RECENT HIGH.
SINCE PEER MARKETS STARTED IN NEGATIVE BIAS OUR NIFTY ALSO MAY OPEN WITH FLAT/NEGATIVE BIAS AND LIKELY TO GET SUPPORT @ 6230 LEVEL. DAY TRADERS CAN GO LONG WITH 6190 SL AND YESTERDAYS HIGH MAY RESISTANCE FOR NIFTY.
Pivot: 6231
Resistance: 6254/6292/6315
Support: 6193/6170/6132
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
IDEA EQ: BUY > 168 TRG 171.50 SL 166
NTPC EQ: BUY > 150 TRG 155 SL 148
HINDALCO EQ: SELL < 116 TRG 114/112 SL 118
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