MARKET TREND:
Yesterday Market has given one more consolidation but with lower Volumes and Breadth. But Momentum Indicators are giving hope of uptrend for time being. As we said earlier unless Nifty closes 6130 for a day or two, we cant be confident of up trend:
Today Market likely to open Flat with influence of Peer Markets and likely to close with positive note. Day Traders can go long at lower with 6050/6020 SL.
NIFTY SPOT LEVELS:
Pivot: 6064
Resistance: 6090/6101/6132
Support: 6047/6021/6005
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TATACJEM EQ: BUY > 269 TRG 272/274 SL 265
BHARATFORGE EQ: BUY > 360 TRG 365
SUNPHARMA EQ: BUY > 600 TRG 607/612 SL 599/593
DABUR EQ: SELL < 173 TRG 171/170 SL 175
Yesterday Market has given one more consolidation but with lower Volumes and Breadth. But Momentum Indicators are giving hope of uptrend for time being. As we said earlier unless Nifty closes 6130 for a day or two, we cant be confident of up trend:
Today Market likely to open Flat with influence of Peer Markets and likely to close with positive note. Day Traders can go long at lower with 6050/6020 SL.
NIFTY SPOT LEVELS:
Pivot: 6064
Resistance: 6090/6101/6132
Support: 6047/6021/6005
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TATACJEM EQ: BUY > 269 TRG 272/274 SL 265
BHARATFORGE EQ: BUY > 360 TRG 365
SUNPHARMA EQ: BUY > 600 TRG 607/612 SL 599/593
DABUR EQ: SELL < 173 TRG 171/170 SL 175
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