DAY PERFORMANCE:
Nifty started its day with open and high of 8064 which is resistance area as we mentioned in our morning note. Even the positive news of 80k cr. money spending on defense area could not support the market. FMGC leader HUL results and Europe Markets have not supported to the pull back rally which is taken at 1.00 pm. Also media announcement regarding proposed Import Duty on Crude and allied products also confused day traders to continue their positions for day. As we expected Bank Nifty sustained for a day and tomorrow we have to watch. Today Infra sector is major looser.
STOCKS FOR DAY: (CAN HOLD FOR DAY OR TWO WITH SL)
PRAJIND: BUY >63 TRG 64.50/65.25 SL 62
ACTUAL: LOW:62 HIGH: 64.25
MANINFRA: BUY > 22.50 TRG 24 SL 21.5
ACTUAL: LOW: 22.50; HIGH: 23.30
MARUTI: BUY > 3150 TRG 3215 SL 3110 (3200 CE ADVISABLE)
ACTUAL: LOW: 3140 HIGH: 3188.50 (3200 CE: LOW: 16 HIGH: 35.90)
IFCI: BUY > 35 TRG 35.50/37 SL 34.50
ACTUAL: LOW: 35.05 HIGH: 36
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