MARKET TREND:
YESTERDAY MARKET HAS GIVEN PULL BACK AND HOLD AT TREND LINE BY TAKING THE TRIGGER FROM INFLATION DATA. IF THE NIFTY
OPENS TODAY ABOVE 6320 LEVEL, 6340/6360 CAN BE SMALL RESISTANCE AND IF
IT PASSES, NIFTY MAY TEST 6415/6420 LEVEL WHICH IS PREVIOUS HIGH.
SINCE FIIs ARE AT LONG IN EQUITY SEGMENT THAN THEIR DERIVATIVE SECTION,
TODAY AT HIGH THEY MAY PROTECT THEIR EQUITY WITH DERIVATIVES, WHICH
OBVIOUSLY FORCE THE NIFTY TO CONSOLIDATION.
TODAY MARKET LIKELY TO OPEN WITH FLAT TO POSITIVE NOTE AND WITNESS CONSOLIDATION.
NIFTY SPOT LEVELS:
Pivot: 6304
Resistance: 6342/6364/6402
Support: 6280/6240/6220
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
ALLBANK EQ: BUY > 96.50 TRG 98/99 SL 95
JINDALSAW EQ: BUY > 60.50 TRG 62.50/64 SL 59.50
BHARATFORGE EQ: SELL < 339 TRG 329 SL 345
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