MARKET TREND:
Today
market may open with positive note and may see profit booking at higher
levels. With 6765 SL day traders may go for short at 67030-6740 level
and market may close with minor negative.
NIFTY SPOT LEVELS:
Pivot: 6690
Resistance: 6730/6765/6805
Support: 6665/6615/6580
NIFTY FnO BAN:
HDIL & LNTFH
STOCKS FOR DAY:
THINKSOFT EQ: SELL < 372 trg 362 sl 380
SHARON BIO EQ: BUY > 44.50 TRG 46/47.25 SL 43
BHARATFORGE EQ: BUY > 426.50 TRG 447 SL 415
Monday
market is flat, as we expected. Profit booking is witnessed in
selective stocks along with Indices rotation. FIIs Sold worth of
768cr in Derivatives Segment and Bought 704cr in Equity Segment. In
Index Futures FIIs have bought 2822 contracts (bought 5261 contracts and
sold 2439) worth of 98.35 cr. and added 7700 contracts in OI. For
Nifty crossing its near high is important to establish one more new
high. Once it happens, Nifty may see 6900 levels also, otherwise it
will have 6580 as support. OI derivative range is intact between
6400-6900 with active range of 6700-6800.
NIFTY SPOT LEVELS:
Pivot: 6690
Resistance: 6730/6765/6805
Support: 6665/6615/6580
NIFTY FnO BAN:
HDIL & LNTFH
STOCKS FOR DAY:
THINKSOFT EQ: SELL < 372 trg 362 sl 380
SHARON BIO EQ: BUY > 44.50 TRG 46/47.25 SL 43
BHARATFORGE EQ: BUY > 426.50 TRG 447 SL 415
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