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| HOPE SANTA WILL PULL OUR 'NIFTY' ALSO TO NEW HIGHS |
MARKET TREND:
IN THE EVENT OF CHRISTMAS HOLIDAYS MOST OF THE TRADERS HAVE PAUSED THEIR ACTIVITIES AND SOME OF THE MAJOR MARKETS ARE BUSY IN THEIR FESTIVAL CELEBRATIONS. AS ONLY ONE DAY AWAY FROM OUR NEAR DERIVATIVES SESSION, WE MAY WITNESS VOLATILITY. THE CLOSING OF NIFTY IN OB-SENSE OF ACTIVE TRADERS, AND CONSIDERING NIFTY DERIVATIVES RANGE, NIFTY MAY CLOSE BETWEEN 6320- 6350 RANGE.
TODAY MARKET MAY OPEN FLAT AND WITNESS ANOTHER DAY OF CONSOLIDATION. DAY TRADERS CAN TRADE BETWEEN 6290-6360 LEVELS WITH THEIR MOMENTUM STRATEGY.
Pivot: 6290
Resistance: 6312/6340/6363
Support: 6260/6240/6210
NIFTY FnO BAN: HDIL, AUROPHARMA
STOCKS FOR DAY:
DEEWAN HOUSING EQ: BUY > 211 TRG 235 SL 199
APOLOTYRES EQ: BUY > 93.25 TRG 95/96.75 SL 91.50
KALYANI STEELS EQ: BUY > 56.50 TRG 58.50 SL 55
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