MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6001
Support: 5960/5930/5890
Resistance: 6030/6070/6100
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
VALECHAENG EQ: BUY > 32 TRG 34 S; 30.50
DELTACORP EQ: BUY > 84 TRG 87/89 SL 82
ANDHRA BANK EQ: SELL < 60 TRG 57.50 SL 62.50
YESTERDAY MARKET WAS INFLUENCED BY PEER MARKETS AND RUPEE VALUATION FEARS WENT ON OVERSOLD SITUATION. BUT DERIVATIVE RANGE IS TACT AND MOVEMENT HAS BEEN IMPROVED, WHICH INDICATE THE NIFTY FALL IS LIMITED AND CAN GET INFLUENCED WITH ANY KIND OF SUPPORTING FACTORS. AS PEER MARKETS HAVE BEEN OPENED WITH POSITIVE BIAS OUR MARKET ALSO MAY OPEN WITH POSITIVE NOTE. SINCE, MARKET SENTIMENT IS POOR, WE MAY WITNESS SELL AT HIGHS AND IN RESULT WE MAY SEE FLAT CLOSING.
TODAY NIFTY MAY OPEN ABOVE 6000 AND GET RESISTANCE @ 6070. TRADERS CAN WATCH SUPPORT LEVELS AND TRADE.
Pivot: 6001
Support: 5960/5930/5890
Resistance: 6030/6070/6100
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
VALECHAENG EQ: BUY > 32 TRG 34 S; 30.50
DELTACORP EQ: BUY > 84 TRG 87/89 SL 82
ANDHRA BANK EQ: SELL < 60 TRG 57.50 SL 62.50
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