MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6528
Resistance: 6570/6604/6645
Support: 6495/6454/6420
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
WIPRO EQ: SELL < 561 TRG 551 SL 567
UPL EQ: BUY > 190.50 TRG 193.50/198 SL 186
IOB EQ: BUY > 49.25 TRG 50.50/51.20 SL 48.50
PTC EQ : SELL < 63.25 TRG 62.25/61.75 SL 64
Yesterday Market is a day of consolidation with little bit of profit booking. FIIs are sellers in Futures and Buyers in Equity Segment. Index Futures open interest has been increased by 86.18K, Derivative (indices) net profit booking by 145 Cr. even though overall Market closed in Plus. This indicate as, Traders have started hedging their Equity positions with Derivative segment. As some of the indices (Beta) have been increased more than 15% in last 10 days, if any negative figures (tomorrows' economic data) will force short term traders to book profits, we advise to hold positions with strict SL.
Today our Nifty also may open flat in influence with Peer Market and can witness profit booking at higher levels (at yesterday high) 6560/6570 and positional traders can go for short with 6605 SL.
Pivot: 6528
Resistance: 6570/6604/6645
Support: 6495/6454/6420
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
WIPRO EQ: SELL < 561 TRG 551 SL 567
UPL EQ: BUY > 190.50 TRG 193.50/198 SL 186
IOB EQ: BUY > 49.25 TRG 50.50/51.20 SL 48.50
PTC EQ : SELL < 63.25 TRG 62.25/61.75 SL 64
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