MARKET TREND:
Today market may open with positive note and play range bound. Day traders can go long with 5980 SL for Target of 6045/6070. But Nifty is in buy side at every lows till closes blow 5940/5920 level.
NIFTY SPOT LEVELS:
Pivot: 6004
Resistance : 6046/6070/6112
Support: 5980/5938/5914
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
MUNJALSHOWA EQ: BUY > 72 TRG 76 SL 68
RECL EQ: BUY > 185 TRG 190 SL 181.50
MNMFIN EQ: BUY > 249 TRG 256 SL 244
Yesterday
market is a day of consolidation with positive sense but with lower
volumes. 2nd also Nifty closed above 200 DMA. FIIs/HNIs are still at selling side
in indices futures (coverage of shorts also) and bought PE OPTIONS to
safeguard their Equity Longs. Derivatives range is intact between
6000-6200. Candlestick charts indicate market is due for big move
(mostly up trend) in a day or two. Time being NIfty support shifted to
5980/6000 level.
Today market may open with positive note and play range bound. Day traders can go long with 5980 SL for Target of 6045/6070. But Nifty is in buy side at every lows till closes blow 5940/5920 level.
NIFTY SPOT LEVELS:
Pivot: 6004
Resistance : 6046/6070/6112
Support: 5980/5938/5914
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
MUNJALSHOWA EQ: BUY > 72 TRG 76 SL 68
RECL EQ: BUY > 185 TRG 190 SL 181.50
MNMFIN EQ: BUY > 249 TRG 256 SL 244
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