MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6199
Resistance: 6217/6231/6250
Support: 6185/6165/6150
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
JINDALSTEEL EQ: BUY > 253 TRG 260 SL 248
HINDALCO EQ: BUY > 122.50 TRG 126/128 SL 120
HEXAWARE EQ: SELL < 118 TRG 112 S; 122.50
YESTERDAY MARKET WAS DAY OF CONSOLIDATION WITH LOW VOLUMES. JUNIOR NIFTY HAS NOT SUPPORTED MUCH TO GET THE VOLUMES. AS MANY EXPECTED NIFTY SPOT HAS NOT ABLE TO TOUCH 6220 AND PLAYED RANGE BOUND. AS THE MOVEMENT RANGE WAS SHIRKED, VOLUME SUPPORT IS MUST TO BREAK THE RESISTANCE OF 6220. IN A ONE WORD NIFTY IN CROSS ROADS.
TODAY PEER MARKETS & SGX NIFTY HAVE STARTED WITH NEGATIVE, OUR MARKET ALSO LIKELY TO START NEGATIVE AND MAY GET SUPPORT AT 6165/6160 DAY TRADERS CAN GO LONG AT 6165/6170 LEVEL WITH 6150 SL FOR TARGET OF 6215/6230.
Pivot: 6199
Resistance: 6217/6231/6250
Support: 6185/6165/6150
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
JINDALSTEEL EQ: BUY > 253 TRG 260 SL 248
HINDALCO EQ: BUY > 122.50 TRG 126/128 SL 120
HEXAWARE EQ: SELL < 118 TRG 112 S; 122.50
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