MARKET TREND:
NIFTY SPOT LEVELS:
Pivot:: 6017
Resistance: 6068/6100/6150
Support: 5985/5933/5902
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
PATEL ENG EQ: BUY > 57.65 TRG 63.75 SL 53.75
TITAN EQ: BUY > 224 TRG 228 SL 221
GAIL EQ: SELL < 356 TRG 349 SL 365
CESC EQ: BUY > 452 TRG 462 SL 445
Yesterday
Market was a day of consolidation with double bottom and closing above
200 DMA. But yesterdays panic selling has open the doors for poor OI
and Negative Closing of Nifty Futures (NIFTY SPOT IN PLUS). FIIs are at selling side of
Index Futures & Equity and Long in Option Segment but DIIs are in Long in Equity Segment. This indicate market is in
Cross Roads. If the Market Closes above 6150 it will be booster to
Bulls. If the Market closes below 5950 it will help Bears to take the
Market to further lower.
Today
market likely to open with positive note and may get resistance at 6100
levels. Day traders can go 6050 PE and book profits in momentum.
Going for Above 6140 can go for Positional Trades. But market likely
to close Flat with Positive bias.
NIFTY SPOT LEVELS:
Pivot:: 6017
Resistance: 6068/6100/6150
Support: 5985/5933/5902
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
PATEL ENG EQ: BUY > 57.65 TRG 63.75 SL 53.75
TITAN EQ: BUY > 224 TRG 228 SL 221
GAIL EQ: SELL < 356 TRG 349 SL 365
CESC EQ: BUY > 452 TRG 462 SL 445
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