MARKET TREND:
NIFTY SPOT LEVELS: (PIVOT)
Pivot: 6264
Support: 6168/6116/6021
Resistance: 6316/6410/6463
NIFTY FnO BAN: APPOLOTYRES
STOCKS FOR DAY:
ARVIND LTD EQ: BUY > 138 TRG 144/150 SL 132
REPRO INDIA EQ: SELL < 174 TRG 168 SL 179
EMAMI LTD EQ: BUY > 479 TRG 485 SL 474
YESTERDAY MARKET WAS SURPRISE TO ALL TECHNICAL ADVSIORS. AS PER THE NIFTY DATA FIIS ARE NOT NET SELLERS AND THEY WILL BE ACTIVE FROM NEXT WEEK ONLY. MARKET WAS TAKEN DOWN BY OUR DOMESTIC PLAYERS LIKE HNIs, PORTFOLIO MANAGERS WITH THEIR BASKET ORDERS. MOSTLY BELIEVE THESE PLAYERS ARE WANT TO BE WITH CASH TO RE-ORGANISE THEIR INVESTMENTS. IN THIS VIEW ONLY FROM LAST 2/3 DAYS MANY RUMORS ARE SPREADING LIKE PM RESIGNED ETC. YESTERDAYS FINANCIAL DATA (DOMESTIC & INTERNATIONAL) ALSO ADDED FUEL TO FIRE.
TODAY MARKET LIKELY TO OPEN WITH NEGATIVE BIAS, EVEN GAP DOWN. TRADERS ARE ADVISED NOT TO GO FOR FRESH SHORTS. NIFTY LIKELY TO GET SUPPORT AT 6170/6180 LEVELS. DAY TRADERS CAN GO LONG AT 6180 (AT REVERSAL) LEVEL WITH 6145 SL. BEST IS TO GO FOR 6200/6250 CE TO MINIMISE THEIR INVESTMENT COSTS.
Pivot: 6264
Support: 6168/6116/6021
Resistance: 6316/6410/6463
NIFTY FnO BAN: APPOLOTYRES
STOCKS FOR DAY:
ARVIND LTD EQ: BUY > 138 TRG 144/150 SL 132
REPRO INDIA EQ: SELL < 174 TRG 168 SL 179
EMAMI LTD EQ: BUY > 479 TRG 485 SL 474
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