MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6073
Support: 6033/6008/5968
Resistance: 6100/6140/6165
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ADANI ENT EQ: SELL < 247 TRG 234 SL 255
JINDAL DRILLING EQ: BUY > 192 TRG 203/209 SL 185
PTC EQ: BUY > 59 TRG 61 SL 57.75
YESTERDAY MARKET WITNESSED PROFIT BOOKING OF LONGS AGAINST THE PREVIOUS DAYS SHORT COVERING. THIS KIND OF ACTION INDICATE RANGE BOUND MARKET AND TRADE FOR MARGINS FROM DERIVATIVE PREMIUMS (OPTIONS HEDGING). EVEN THOUGH ROLLOVERS ARE SEEMS TO BE GOOD, No. OF STRIPS VERY LOW WHICH IS DUE TO MID CAP SEGMENT. SINCE TOMORROW IS BEING SETTLEMENT DAY, TODAY ALSO WE MAY WITNESS VOLATILE MARKET. RSI INDICATOR POSITIVE CLOSING INDICATE, NIFTY MAY GET SUPPORT FROM LOWS.
TODAY NIFTY MAY OPEN NEGATIVE IN CONTINUE TO YESTERDAY MOVEMENT, AND LIKELY TO GET SUPPORT AT 6000 LEVEL. DAY TRADERS CAN GO LONG @ 6010/6000 WITH SL 5965.
Pivot: 6073
Support: 6033/6008/5968
Resistance: 6100/6140/6165
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ADANI ENT EQ: SELL < 247 TRG 234 SL 255
JINDAL DRILLING EQ: BUY > 192 TRG 203/209 SL 185
PTC EQ: BUY > 59 TRG 61 SL 57.75
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