MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6061
Resistance: 6078/6098/6112
Support: 6038/6024/6002
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
RELINFRA EQ: SELL < 367.50 TRG 363 SL 371
APOLLOTYRES EQ: BUY > 116 TRG 117.50/120 SL 113
CESC EQ: BUY > 448 TRG 456 SL 443
IFCI EQ: BUY > 23.25 TRG 23.5/24.25 SL 22.75
Yesterday Market most of advisers
expected the consolidation. FIIs are in selling side and Volumes also
very low. As Traders are waiting for Todays FED chairperson's views on
US Economy and Our Tomorrows Economic Data, todays Market movement also
will be range bound and we may witness/feel consolidation of market in
broad way. Movement indicators are not favorable to Bulls, they may
leave the Market to Bears at HIGHER LEVELS.
Today
market may open with positive note with influence of Peer Markets.
Since, Nifty Trend Indicators are not favorable and OI (active) range is
very narrow Day Traders can go for Short at 6090/6100 level with 6120
SL or go for 6050 PE to minimise the cost.
Pivot: 6061
Resistance: 6078/6098/6112
Support: 6038/6024/6002
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
RELINFRA EQ: SELL < 367.50 TRG 363 SL 371
APOLLOTYRES EQ: BUY > 116 TRG 117.50/120 SL 113
CESC EQ: BUY > 448 TRG 456 SL 443
IFCI EQ: BUY > 23.25 TRG 23.5/24.25 SL 22.75
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