MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6309
Support: 6293/6273/6258
Resistance: 6329/6345/6365
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: SELL < 329 TRG 324 SL 333
HINDALCO EQ: BUY > 122 TRG 123/124 SL 121
UTTAM GALVA EQ: BUY > 71.50 TRG 74.50 SL 69
NIFTY PLAYING RANGE BOUND AFTER RECENT DERIVATIVES SERIES CLOSING. VOLUMES BECOME VERY THIN TO TAKE THE MARKET. SINCE MAJOR TRADERS/ INVESTORS ARE AT THEIR HOLIDAYS CASH FLOWS ARE NOT SUPPORTIVE. UNLESS NIFTY CLOSES ABOVE 6340, WE CAN NOT WITNESS ANY UPTREND AND EVEN NIFTY MAY TEST 6220/6200 LEVELS IN COMING DAYS.
IN LINE WITH PEER MARKETS, TODAY OUR MARKET ALSO MAY OPEN FLAT AND TRADE WITH MINIMUM VOLUMES. MARKET MAY GET SUPPORT AT 6290 AND CLOSE WITH POSITIVE BIAS AT THE LEVELS OF 6320.
Pivot: 6309
Support: 6293/6273/6258
Resistance: 6329/6345/6365
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
BHARATFORGE EQ: SELL < 329 TRG 324 SL 333
HINDALCO EQ: BUY > 122 TRG 123/124 SL 121
UTTAM GALVA EQ: BUY > 71.50 TRG 74.50 SL 69
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