MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6243
Resistance: 6315/6357/6429
Support: 6200/6128/6085
NIFTY FnO BAN: APOLLOTYRES, AURBINDO
STOCKS FOR DAY:
DELTACORP EQ: BUY > 101 TRG 103 SL 99
TATA COM EQ: BUY > 289 TRG 296/300 SL 281
BHARATFORGE EQ: SELL < 325 TRG 322/316 SL 330
FIIs ARE IN LONG IN DERIVATIVES AND EQUITY MARKET ON FRIDAY ALSO. IT SEEMS THEY HAVE PARKED THEIR FUNDS IN INDIAN MARKET BEFORE THEY MOVE FOR CHRISTMAS AND NEW YEAR HOLIDAYS. DERIVATIVES RANGE HAS BEEN SHRIEKED TO 6200-6300, WHICH IS RARE PHENOMENA BEFORE DERIVATIVE SERIES CLOSING DAYS.
TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET PLAY BETWEEN 6350-6200 RANGE. SINCE GOOD ROLL OVERS ARE IN CARD TRADERS CAN BE IN MOVEMENT STRATEGY WHICH DEMANDS MORE VOLUMES WITH LESS MARGINS.
Pivot: 6243
Resistance: 6315/6357/6429
Support: 6200/6128/6085
NIFTY FnO BAN: APOLLOTYRES, AURBINDO
STOCKS FOR DAY:
DELTACORP EQ: BUY > 101 TRG 103 SL 99
TATA COM EQ: BUY > 289 TRG 296/300 SL 281
BHARATFORGE EQ: SELL < 325 TRG 322/316 SL 330
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