MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 6237
Resistance: 6262/6303/6328
Support: 6195/6170/6130
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UCO BANK EQ: SELL < 64 TRG 62.50 SL 65
BAJAJ AUTO EQ: SELL < 1926 TRG 1906/1901 SL 1943
HUL EQ: BUY > 540 TRG 545/548 SL 537
Yesterday
Nifty moved down as we expected. Due to Ukraine news influence, Nifty
could not pulled back as we expected, even though FII & DIIs are in
long side. System was left with, both short coverage and fresh shorts.
Bearish Candle of Nifty and MACD & Bo-linger indicators in positive
indicates, that Market is waiting for Volume Break to sustain its up
move. No positive triggers are visible near future, Nifty may try to
break its 6200 (OI Derivative support) and if 6180 (50 DM) breaks Nifty
may test its nearest lows.
Today
market may open Flat and range bound along with profit booking and
shifting of portfolios to Defense Stocks like HUL. Day traders can go
short at 6240 level with 6260 SL for the target of 6190/6180.
Pivot: 6237
Resistance: 6262/6303/6328
Support: 6195/6170/6130
NIFTY FnO BAN: NIL
STOCKS FOR DAY:
UCO BANK EQ: SELL < 64 TRG 62.50 SL 65
BAJAJ AUTO EQ: SELL < 1926 TRG 1906/1901 SL 1943
HUL EQ: BUY > 540 TRG 545/548 SL 537
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