MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6146
Resistance: 6167/6181/6220
Support: 6132/6110/6095
NIFTY FnO BAN: AURBINDO PHARMA
STOCKS FOR DAY:
LNTFH EQ: BUY > 73.35 TRG 74.50 SL 72.50
POLARIS EQ : BUY > 139 TRG 143 SL 136
JYOTISTRUCTURES EQ: BUY > 28.25 TRG 29.40/30 SL 27.75
APOLLO TYRES EQ : BUY > 118.75 TRG 120.50 SL 117.75
As we expected yesterday Market/Nifty played consolidation role. FIIs
are at long but Market Breadth and Volumes are Poor. Open Interest
Data indicate market range is between 6000-6200, but 6250 CE have been
added and Short Coverage also taken around 4000 cr worth by Decreasing
OI by 2674 contracts. These all indicate Nifty may get resistance 6250
level unless volumes support gets near future.
Today Nifty may open with Negative note in line with Peer Markets.
Since our Nifty is in upbeat, Day Traders can go long at 6130 levels
with 6110/6095 SL on holding basis (1 or 2 days) or can go for
positional long in 6200/6250 CE with 6080 SL.
Pivot: 6146
Resistance: 6167/6181/6220
Support: 6132/6110/6095
NIFTY FnO BAN: AURBINDO PHARMA
STOCKS FOR DAY:
LNTFH EQ: BUY > 73.35 TRG 74.50 SL 72.50
POLARIS EQ : BUY > 139 TRG 143 SL 136
JYOTISTRUCTURES EQ: BUY > 28.25 TRG 29.40/30 SL 27.75
APOLLO TYRES EQ : BUY > 118.75 TRG 120.50 SL 117.75
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