MARKET TREND;
NIFTY SPOT LEVELS:
Pivot: 5984
Resistance: 6035/6070/6120
Support: 5950/5900/5865
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TECHMAH EQ: BUY > 1747 TRG 1803 SL 1712 (DELIVERY BASIS)
GAIL EQ; SELL < 355.50 TRG 349 SL 362
Yesterday
we saw NIFTY consolidation by Booking profit from specific stocks, and
short coverage in Nifty, since it has lost almost 400 pfts in from its
recent high. This is reason Nifty has broken 200 DMA and again it
closed above 200 DMA level. But even yesterday FIIs are in Long in
Option Segment. If the Nifty breaches and close below 5950/5920 level,
we can see reasonable down side of Nifty. Since, parliament Financial
Bills are likely to come in to business on 12th and 17th, meantime,
many expectations will flow into market and it should be evaluate
carefully, because this is interim budget only.
Today
market likely to open flat with negative bias and try for yesterday's
lows. Nifty may face resistance at 6035 level and close flat.
NIFTY SPOT LEVELS:
Pivot: 5984
Resistance: 6035/6070/6120
Support: 5950/5900/5865
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
TECHMAH EQ: BUY > 1747 TRG 1803 SL 1712 (DELIVERY BASIS)
GAIL EQ; SELL < 355.50 TRG 349 SL 362
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