MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6255
Resistance: 6280/6300/6325
Support: 6235/6210/6190
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UCOBANK EQ: BUY > 77.75 TRG 81 SL 76
POWERGRID EQ: BUY > 98 TRG 100.50 SL 96.75
HINDALCO EQ : SELL < 122 TRG 119 SL 124
BJP MINI FINALS VICTORY TAKES THE MARKET TO NEW HIGHS BY OVER WHELMING TRADERS. SINCE WE ARE GOING TO WITNESS EMOTIONAL TRADES ALONG WITH SHORT COVERAGE, TEMPORARILY NIFTY CAN SEE NEW HIGHS, EVEN TO 6500 LEVELS. SINCE IT IS EMOTIONAL/NEWS BASED MOVE, IT WILL BE SHORT LIVED.
CONGRESS MAY GO FOR POPULAR SCHEMES, IN THESE 3 MONTHS IN ORDER TO WOO MASS PUBLIC, WHICH GENERALLY MAY NOT BE GOOD FOR ECONOMY. ANY STEPS FROM THESE FUNDAMENTAL VIOLATIONS WILL BE TAKEN NEGATIVELY BY FIIS, WHO HAVE INVESTED MORE THAN 1 LAC CRORES IN THESE 2013. AS WE WILL BE GOING TO WITNESS MORE SWING IN INDIAN MARKET, LONG TERMS INVESTORS SHOULD BE CAUTIOUS AND TRADERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST.
TODAY MARKET MAY RESPECT TECHNICALS, AND DAY TRADERS SHOULD TRADE WITH MOVEMENT OF NIFTY WITH SL. ON POSITIONAL BASIS TRADERS CAN GO LONG IN 6300 PE AT 6500 LEVEL WITH 6550 SL
Pivot: 6255
Resistance: 6280/6300/6325
Support: 6235/6210/6190
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UCOBANK EQ: BUY > 77.75 TRG 81 SL 76
POWERGRID EQ: BUY > 98 TRG 100.50 SL 96.75
HINDALCO EQ : SELL < 122 TRG 119 SL 124
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