Yesterday Nifty movement was as we expected and 6200 CE and PE are more active. Nifty tried
for Gap Filling but it is One Step Away, which may try again today
also. Since today is Derivatives settlement day, Europe Economic Data
is scheduled & Tomorrow is Holiday and Day after GDP figures are
awaiting, short term traders may go for square off of their positions
and wait for New Series of Derivatives. Presently good roll over taken
place along with Small Quantity of Shorts & Good Quantities of
Longs. These are will contribute high current of Volatility for this
Day. Considering Index Futures movement, we expect the present series of Nifty may close between 6180-6200
With
influence of Peer Markets, our Nifty may open Flat/Negative bias and go
move upward till 1.30 (Europe Market open time) and Start real
Volatility. Day Traders can trade between 6160-6260.
NIFTY SPOT LEVELS:
Pivot: 6198
Resistance 6220/6240/6260
Support: 6180/6155/6135
NIFTY FnO BAN: AURBINDO
STOCKS FOR DAY:
IND. INFOLINE EQ: SELL < 70 TRG 67 SL 72
PRAKASH IND EQ: BUY > 38.50 TRG 40 SL 37.50
DEWAN HOUSING EQ: BUY > 222 TRG 227 SL 218
PTC EQ: BUY > 58.75 TRG 59.75 SL 58
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