MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6168
Resistance: 6188/6208/6228
Support: 6148/6128/6108
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
SSLT EQ: BUY > 198 TRG 204 SL 193.50
BHEL EQ : BUY > 162 TRG 163/165 SL 160
GODREJIND EQ: SELL < 269 TRG 266 SL 272
JINDALSTEEL EQ: BUY > 262 TRG 267.50 SL 258
YESTERDAY MARKET MOVED AS PER OUR EXPECTATIONS AND CLOSED FLAT AFTER TESTING IT SUPPORT LEVEL OF 6140. TECHNICALLY MOVEMENT INDICATORS AND BREADTH IS IN NEGATIVE AND VOLUME INDICATORS ARE IN POSITIVE. EVEN THOUGH FIIs FIGURES ARE IN NEGATIVE, MOST OF THE LARGE CAP STOCKS LIKE RIL, NTPC AND ONGC LIKE STOCKS HAVE CLOSED WITH POSITIVE NOTE. THIS INDICATE MOST OF THE TRADERS/SHORT TERM INVESTORS ARE AT SHORT COVERAGE OR HAVE TAKEN NEW POSITIONS. SINCE TODAY'S MOST OF THE ECONOMIC DATA LIKELY TO ANNOUNCE AFTER THE MARKET HOURS MARKET LIKELY TO MOVE WITH EXPECTATIONS. ALSO INFY RESULTS ALSO ADD THE INFLUENCE TO TRADERS AND INCREASE VOLATILITY.
TODAY MARKET LIKELY TO OPEN WITH NEGATIVE NOTE IN CONTINUATION TO YESTERDAYS SPELL. NIFTY LIKELY TO GET SUPPORT @ 6140/6120 LEVEL AND DAY TRADERS CAN GO LONG AT THESE LEVEL WITH 6100 SL.
Pivot: 6168
Resistance: 6188/6208/6228
Support: 6148/6128/6108
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
SSLT EQ: BUY > 198 TRG 204 SL 193.50
BHEL EQ : BUY > 162 TRG 163/165 SL 160
GODREJIND EQ: SELL < 269 TRG 266 SL 272
JINDALSTEEL EQ: BUY > 262 TRG 267.50 SL 258
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