MARKET TREND:
TODAY ALSO MARKET LIKELY TO OPEN FLAT AND WITNESS SELLING AT HIGHS. 6220/6250 LIKELY TO BE RESISTANCE 6140 GOING TO SUPPORT.
NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6191/6207/6223
Support: 6159/6144/6127
NIFTY FnO BAN: APOLLOTYRES
STOCKS FOR DAY:
TATACHEM EQ: BUY > 268 TRG 273.50 SL 264
BHARATFORGE EQ: SELL < 334 TRG 328 SL 338
JINDALSAW EQ: BUY > 56.50 TRG 60.50 SL 54
DELTA CORP EQ: SELL < 118.50 TRG 114 SL 121
YESTERDAY WE
HAVE WITNESSED MARKET CONSOLIDATION AS WE EXPECTED. VIX HAS NOT
CHANGED NOT EVEN A POINT WHICH INDICATE MARKET AT ABSOLUTE
CONSOLIDATION. BUT NIFTY IS AT THE RANGE OF 6000-6300. MARKET IS
WAITING FOR MAJOR COMPANIES EARNING GUIDELINES AND ECONOMIC DATA, WHICH
IS DUE ON 10TH. WE BELIEVE TILL THE MARKET HOLDS 6140 LEVEL, MARKET
WILL NOT GO DOWN. SINCE MOVEMENT INDICATORS AND VOLUMES ARE WEAK,
MARKET, UPTREND IS ALSO BECOME QUESTION MARK.
TODAY ALSO MARKET LIKELY TO OPEN FLAT AND WITNESS SELLING AT HIGHS. 6220/6250 LIKELY TO BE RESISTANCE 6140 GOING TO SUPPORT.
NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6191/6207/6223
Support: 6159/6144/6127
NIFTY FnO BAN: APOLLOTYRES
STOCKS FOR DAY:
TATACHEM EQ: BUY > 268 TRG 273.50 SL 264
BHARATFORGE EQ: SELL < 334 TRG 328 SL 338
JINDALSAW EQ: BUY > 56.50 TRG 60.50 SL 54
DELTA CORP EQ: SELL < 118.50 TRG 114 SL 121
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