MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6145
Resistance: 6182/6242/6280
Support: 6085/6047/5988
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TECHMAH EQ: SELL < 1710 TRG 1658 SL 1740
ADANIPORTS EQ: BUY > 154 TRG 157/160 SL 151
COALINDIA EQ: BUY > 271 TRG 276 SL 267
HINDALCO EQ: SELL < 122 TRG 119/117 SL 124
YESTERDAY MARKET WAS REALLY PLAYED IN CROSS ROADS AND MOVED WITH MORE PRICE RANGE. YESTERDAY NIFTY FORMED EVENING STAR BY ADDING NIFTY 5800 PE. THESE MOVEMENTS INDICATE SOME MORE DOWN TO NIFTY. AS FIIs ARE USUALLY GOING LONG WHEN EVER MARKET SENTIMENT (TECHNICAL) IS WEAK, WE MAY WITNESS BUYING FROM NIFTY LOWER LEVELS.
TODAY ALMOST ALL PEER MARKETS (EXCEPT NIKKEI) HAVE OPENED IN NEGATIVE, OUR NIFTY ALSO MAY OPEN WITH NEGATIVE NOTE. DAY TRADERS CAN GO LONG 6050/6045 FOR TARGET OF 6080/6120 LEVEL WITH 5990 SL. SINCE SL IS MORE WIDER AND MARKET SENTIMENT IS WEAK, TRADERS MAY TRADE WITH CE/PE TO MINIMISE COST.
Pivot: 6145
Resistance: 6182/6242/6280
Support: 6085/6047/5988
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TECHMAH EQ: SELL < 1710 TRG 1658 SL 1740
ADANIPORTS EQ: BUY > 154 TRG 157/160 SL 151
COALINDIA EQ: BUY > 271 TRG 276 SL 267
HINDALCO EQ: SELL < 122 TRG 119/117 SL 124
No comments:
Post a Comment