MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6195
Resistance: 6221/6250/6275
Support: 6166/6141/6111
NIFTY FnO BAN: APOLLOTYRES
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 329 TRG 336 SL 323
GODREJ IND EQ: BUY > 277 TRG 284 SL 273
IGL EQ: SELL < 263.75 TRG 267 SL 269
YESTERDAY MARKET MOVED AS MANY EXPECTED. VALUE BUYING IN IN MID CAP AND SMALL HAS CONTINUED, WHICH CONTRIBUTED BETTER MARKET BREADTH. SINCE MARKET SENTIMENT IS WEAK AND PEER MARKETS ECONOMIC DATA IS POORER THAN EXPECTED, SOME MORE MONEY HAS BEEN INVESTED ON PUTS SIDE BY TRADERS. AS NIFTY CLOSED BETWEEN THE RANGE OF 6150 - 6300, AND DERIVATIVES RAGE ALSO SUPPORT THIS RANGE, MARKET LIKELY TO BE IN THIS RANGE FOR A DAY OR TWO.
TODAY MARKET LIKELY TO OPEN FLAT AND GOING TO WITNESS ANOTHER CONSOLIDATION DAY BETWEEN THE RANGE OF 6150 -6220. DAY TRADERS CAN PLAY ON MOVEMENT IN THESE RANGE.
Pivot: 6195
Resistance: 6221/6250/6275
Support: 6166/6141/6111
NIFTY FnO BAN: APOLLOTYRES
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 329 TRG 336 SL 323
GODREJ IND EQ: BUY > 277 TRG 284 SL 273
IGL EQ: SELL < 263.75 TRG 267 SL 269
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