MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6278
Support: 6230/6185/6148
Resistance: 6310/6359/6391
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HDFC EQ: SELL < 845 TRG 830 SL 855
DIVIS EQ : SELL < 1272 TRG 1255 SL 1287
CAIRN EQ: BUY > 324.50 TRG 326.50/328 SL 321
REL CAP EQ: BUY > 334 TRG 338/343 SL 331
FRIDAY
MARKET WAS DOWN WITH MOST OF THE DAY TECHNICAL LIKE BREADTH AND WEAK
OPENING. BUT IT HAS RESPECTED 20DMA ON DAILY BASIS AND NULLIFIED ALL
THE FUTURES PREMIUM. DERIVATIVES RANGE HAS BEEN SHRINK TO 6200-6300
LEVEL. THESE ALL INDICATE AS WE ARE GOING TO WITNESS RANGE BOUND MARKET
IN NARROW RANGE. SINCE NO TRIGGERS ARE AVAILABLE FOR RECENT MOVE,
MOSTLY MARKET MAY MOVE WITH NEGATIVE BIAS ONLY. SINCE THIS IS RESULTS
TIME SELECTIVE STRIPS MAY BE APPRECIATED OR PUNISHED AS PER THEIR
RESULTS AND FORECASTS.
TODAY
MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS. NIFTY
MAY GET SUPPORT AT 6180/6220 LEVEL. DAY TRADERS CAN GO LONG AT 6200
LEVEL WITH 6180 SL FOR TARGET OF 6240/6250.
NIFTY SPOT LEVELS:
Pivot: 6278
Support: 6230/6185/6148
Resistance: 6310/6359/6391
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
HDFC EQ: SELL < 845 TRG 830 SL 855
DIVIS EQ : SELL < 1272 TRG 1255 SL 1287
CAIRN EQ: BUY > 324.50 TRG 326.50/328 SL 321
REL CAP EQ: BUY > 334 TRG 338/343 SL 331
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