MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6272
Resistance: 6328/6358/6414
Support: 6241/6185/6155
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
DELTA CORP EQ: BUY > 106 TRG 109.75 SL 104
GODREJIND EQ: BUY > 281.75 TRG 287 SL 278
HUL EQ: BUY > 551.50 TRG 559 SL 547
AURBINDO EQ: SELL < 527.50 TRG 523 SL 532
TATAMOTORS DVR EQ: SELL < 413 TRG 406 SL 420
Yesterday
Market was in upbeat, only Trend line resistance could hold the Nifty
at 6302. Due to positive news from Ukraine, even Europe & US
markets closed with positive note. Since Money Indicators are in over
bought status, booking partial profits or holding with SL (positional
traders) is more wise than going for further accumulation. Yesterday
Even though FIIs are in long side we already witnessed profit booking in
IT and Pharma Sectors, which have enough upside from last 3 qtrs. As
6400 CE have added in the system along with 6300 PE and OI range still between 6300 - 6200, Nifty range can be understand as 6200-6400.
Today Market likely to open with positive note and likely to get resistance @ 6360. Since volatility is on cards, day traders can go for movement trades with strict SL.
Pivot: 6272
Resistance: 6328/6358/6414
Support: 6241/6185/6155
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
DELTA CORP EQ: BUY > 106 TRG 109.75 SL 104
GODREJIND EQ: BUY > 281.75 TRG 287 SL 278
HUL EQ: BUY > 551.50 TRG 559 SL 547
AURBINDO EQ: SELL < 527.50 TRG 523 SL 532
TATAMOTORS DVR EQ: SELL < 413 TRG 406 SL 420
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