MARKET TREND:
Today market likely to be subdued due to peer Asian markets holiday, week end and new series session. Day traders can be stock specific than Indices. NIfty likely to get support yesterdays lows of 6027.
MARKET SPOT LEVELS:
Pivot: 6061
Resistance: 6095/6116/6151
Support: 6039/6005/5980
NIFTY FnO BAN: NIL
STOCKS FOR DAY: (delivery basis)
dabur, glenmark, bhel, irb, opto, hdfc, patni
Yesterday
market played its last day (derivatives session) play. Last series of
Nifty has left us weak signals by taking the market to near lows, low
breadth by hitting Bulls and giving good package to Bears. But only
plus point is still FIIs are at long side to hold the present levels.
As the new series premium has to be settled to normal, coming 2 days we
can see the normal trades and there after stock specific action will be
started on vote on a/c budget. Infra stocks likely to be in lime
lite as the budget news/projections releases. If the media is
pro-active on political news, it may be over drive the sentiment and
invite more volatility. Unless Nifty closes above 6120 up trend can't be viewed. Yesterdays Candle is Trend Reversal candle is the hope of ray to Bulls, if the Nifty Spot hit the 6130 it will be Booster to Bulls, if the Nifty breaches 5970 it will be booster to Bears to the market further lows.
Today market likely to be subdued due to peer Asian markets holiday, week end and new series session. Day traders can be stock specific than Indices. NIfty likely to get support yesterdays lows of 6027.
MARKET SPOT LEVELS:
Pivot: 6061
Resistance: 6095/6116/6151
Support: 6039/6005/5980
NIFTY FnO BAN: NIL
STOCKS FOR DAY: (delivery basis)
dabur, glenmark, bhel, irb, opto, hdfc, patni
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