MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6161
Resistance: 6176/6198/6214
Support: 6139/6124/6102
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
DELTA CORP EQ: BUY > 102 TRG 106 SL 98.50
INFY EQ: BUY > 3421 TRG 3488 SL 3382
APOLLO TYRES EQ; BUY > 8380 TRG 86.80 SL 81.75
BHARATFORGE EQ: BUY > 312 TRG 318 SL 307
YESTERDAY MARKET WAS RESPECTED NIFTY 50 DMA EVEN THOUGH WPI DATE IS IN NEGATIVE. SURPRISINGLY MARKET BREADTH ALSO IMPROVED THAN PREVIOUS DAYS, IRRESPECTIVE OF MARKET RUMORS OF REPO RATE INCREASE IN THEIR MID REVIEW SCHEDULED ON 18TH DECEMBER. BUT FIIs ARE AT SELL SIDE IN THEIR DERIVATIVES SEGMENT. DERIVATIVES RANGE IS STILL INTACT, BETWEEN 6000-6300. THESE ALL INDICATE TRADERS ARE PREPARED FOR SHORTS AT HIGHER SIDE.
TODAY MARKET MAY OPEN WITH GAP UP IN LINE WITH OUR SGX NIFTY. NO PEER MARKETS AND MEDIA NEWS ARE SEEMS TO BE SUPPORTIVE, MARKET MAY GO PROFIT BOOKING. NIFTY MAY PLAY BETWEEN 6240 -6140.
Pivot: 6161
Resistance: 6176/6198/6214
Support: 6139/6124/6102
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
DELTA CORP EQ: BUY > 102 TRG 106 SL 98.50
INFY EQ: BUY > 3421 TRG 3488 SL 3382
APOLLO TYRES EQ; BUY > 8380 TRG 86.80 SL 81.75
BHARATFORGE EQ: BUY > 312 TRG 318 SL 307
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