MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6102
Resistance: 6118/6144/6160
Support: 6075/6060/6030
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
RECL EQ: SELL < 185 TRG 182.50/181 SL 187
CENTURY TEXT EQ; BUY > 306 TRG 309/317 SL 303
ADANI POWER EQ: BUY > 36.25 TRG 37.50 SL 35.40
Yesterday
Nifty given up its 4 days gains but it has halted at 20 DMA. FIIs
went on fresh shorts in good quantity with influence of China &
Japan's Poor Economic data. Due to this shorts, downed the Nifty Technicals to
recent lows. Since pe/ce ratio is below 1 (0.99) and today is week end many traders (short term/day) may go for coverage at market lower. From noon we can expect some pull back to Nifty and may close flat.
With pull back/short coverage Nifty may try to test 6160 recent high or 6180 (50 DMA)
in coming 2 days, and if it fails to sustain Nifty may Test the lower of
5980.
Today
Nifty may open with Flat and go volatile to cover yesterdays shorts.
Day Traders can go long at 6080 level with 6060 SL for near pivot close
of 6100/6120
Pivot: 6102
Resistance: 6118/6144/6160
Support: 6075/6060/6030
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
RECL EQ: SELL < 185 TRG 182.50/181 SL 187
CENTURY TEXT EQ; BUY > 306 TRG 309/317 SL 303
ADANI POWER EQ: BUY > 36.25 TRG 37.50 SL 35.40
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