MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6085
Resistance: 6102/6115/6132
Support: 6070/6055/6040
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UPL EQ : BUY > 189 TRG 192 SL 185
OPTOCIRCUITS EQ: SELL < 32.5 TRG 31.25 SL 33.25
DIVIS EQ: BUY > 1305 TRG 1332/1348 SL 1288
Friday Market has played one more trend reversal by bottom fishing. FIIs are at selling side by utilising Technicals. Since RSI and MACD at negative divergence, we advise cautious trades to save your money. As our Asian Peer Markets Hong kong and China markets on holiday, traders may get clues from Europe market and play. Lots of news like Economy data of major indices (TODAY our HSBC PMI DATA) and our budget sessions are in way in this week, market may re-act accordingly before it establish its direction. Nifty may get major resistance at 6180/6220 levels. As we said earlier unless Nifty closes above 6250 clear uptrend can't be believed.
Today Market may start with negative bias in line with Peer Markets and range bound. Stocks specific trades or near CE n PE of Nifty are better choice to save our trading capital.
NIFTY SPOT LEVELS:
Pivot: 6085
Resistance: 6102/6115/6132
Support: 6070/6055/6040
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UPL EQ : BUY > 189 TRG 192 SL 185
OPTOCIRCUITS EQ: SELL < 32.5 TRG 31.25 SL 33.25
DIVIS EQ: BUY > 1305 TRG 1332/1348 SL 1288
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