MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6303
Resistance: 6332/6374/6403
Support: 6261/6231/6190
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UFLEX EQ: BUY > 82 TRG 84.50 SL 79
BHARAT FORGE EQ:SELL < 325 TRG 320 SL 328
UPL EQ: SELL < 199 TRG 195/193 SL 202
EVEN YESTERDAY MARKET MOVEMENT IS LETHARGIC, IT IS VERY STOCK SPECIFIC, SOME OF THE SHORTS HAS BEEN COVERED AND NEW SHORTS HAVE TAKEN PLACE IN SOME OTHER STOCKS. BUT TRADERS HAVE MOVED TO DEFENSIVE/VALUE STOCKS FROM THEIR HIGH BETA STOCKS AND PREPARED FOR ANY EVENT. TODAY MARKET MAY TAKE BACK FROM ITS YESTERDAYS BEARISH CANDLE.
TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET RESISTANCE AT 6370/6380 LEVEL AND CLOSE AROUND 6300 LEVEL.
Pivot: 6303
Resistance: 6332/6374/6403
Support: 6261/6231/6190
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UFLEX EQ: BUY > 82 TRG 84.50 SL 79
BHARAT FORGE EQ:SELL < 325 TRG 320 SL 328
UPL EQ: SELL < 199 TRG 195/193 SL 202
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