MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6287
Resistance: 6320/6355/6380
Support: 6240/6220/6175
NIFTY FnO BAN:
AURBINDO
APOLLOTYRES
RANBAXY
STOCKS FOR DAY:
DHFL EQ: SELL < 235 TRG 224 SL 240
YESBANK EQ: SELL < 350 TRG 342 SL 355
REL CAPITAL EQ: SELL < 341 TRG 337 SL 345
NMDC EQ: BUY > 142 TRG 145 SL 140.50
FRIDAY MARKET WAS WITNESSED SELL OFF RIGHT FROM THE MORNING AT EVERY
HIGHS BY UTILISING THE MARKET VOLATILITY. NONE OF THE GLOBAL MARKETS
HAVE SUPPORTED AND MOVED IN SAME DIRECTION. THIS INDICATE SHIFTING OF
ASSET CLASS OR CALIBRATION OF THEIR INVESTMENTS. TRADERS MAY BE
CAUTIOUS TODAY TO DIGEST YESTERDAYS FALL AND TO UNDERSTAND THE EFFECT OF
TOMORROWS' RBI MOVE. SINCE OVER ALL SENTIMENT IS WEAK (TECHNICALLY
AND MOVEMENT WISE) POSITIONAL TRADERS AND SHORT TERM TRADERS/INVESTORS
ARE LIKELY TO GO LONGS AT LOWER SIDE. SINCE OUR NIFTY DERIVATIVES
RANGE IS IN TACT BETWEEN 6200-6500, OUR TRADERS MAY TRY TO EN-CASH THE
POOR SENTIMENT AND GO FOR LONG FROM ITS MARKET LOWS.
TODAY OUR MARKET LIKELY TO OPEN NEGATIVE IN LINE WITH PEER MARKETS.
DAY TRADERS CAN GO LONG or COVER THEIR OPENING SHORTS AT 6200/6220 LEVEL
WITH 6190/6175 SL ON HOLDING BASIS FOR A DAY OR TWO.
Pivot: 6287
Resistance: 6320/6355/6380
Support: 6240/6220/6175
NIFTY FnO BAN:
AURBINDO
APOLLOTYRES
RANBAXY
STOCKS FOR DAY:
DHFL EQ: SELL < 235 TRG 224 SL 240
YESBANK EQ: SELL < 350 TRG 342 SL 355
REL CAPITAL EQ: SELL < 341 TRG 337 SL 345
NMDC EQ: BUY > 142 TRG 145 SL 140.50
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