MARKET TREND:
DUE TO NEWS FLOWS, AFTER 4TH OF THIS MONTH, NIFTY OPENING EITHER GAP UP OR GAP DOWN. FIIs ARE VERY ACTIVE IN TRADE AND TAKING ADVANTAGE OF MARKET. WITHOUT BREADTH MARKET, NIFTY VOLATILITY IS BEING INCREASED TO RANGE OF 6000-6500. SINCE TRADES ARE TAKING BY BIG STAKES/STAKE HOLDERS RETAILERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST.
TODAY OUR MARKET ALSO MAY OPEN FLAT WITH NEGATIVE BIAS IN CONTINUATION TO YESTERDAY'S SLIDE AND IN LINE WITH TODAYS' PEER MARKETS OPENING. BUT AT YESTERDAY LOWS (AROUND 6300) MARKET MAY GET SUPPORT AND LIKELY TO CLOSE IN POSITIVE. DAY TRADERS CAN GO LONG WITH 6280 SL.
Pivot: 6334
Support: 6306/6279/6251
Resistance: 6360/6390/6415
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
VOLTAS EQ: BUY > 121 TRG 127 SL 117
TCS EQ: BUY > 2059 TRG 2112 SL 2028
KAVERISEEDS EQ: BUY > 1575 TRG 1622/1670 SL 1570
No comments:
Post a Comment