MARKET TREND:
Friday
Nifty has closed almost flat by respecting Thursdays lows. FIIs are
in long both segments of Derivatives and Equities for the worth of 747
and 387 cr respectively. But they are sellers in Index Futures Segment
worth of 273cr 7135 contracts by decreasing OI by 1309 contracts. As
the Trend line and EW is Support Level for Nifty at 6656 from lasst 2
days, today Nifty may pull back to its 1st resistance levels of
6780/6800 range. As NIfty OI range in in tact between 6500-7000,
Charts's Grab Pattern showing the Resistance at 7050 level, on or before
the Election Results (May 16), Nifty may try to meet its Resistance.
Today
Market open with positive note in line SGX Nifty and will be in upbeat
till Europe Market opens and may take give direction for closing.
NIFTY SPOT LEVELS;
Pivot: 6707
Resistance : 6725/6755/6775
Support: 6677/6659/6628
NIFTY FnO BAN: REL. CAPITAL
STOCKS FOR DAY:
PENNAR IND EQ: BUY > 30 TRG 32 SL 28.50
HSIL EQ: BUY > 163.50 TRG 178 SL 155
HINDZINC EQ: SELL < 127 TRG 125 SL 128.50 
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