As expected closed near 5900 and is constantly finding support at 5840 - 60 areas since last 2 week is it be noted. Nifty can find support at these levels and could move towards 5950 areas where it may find resistance again. FII's were still buying in Indian market and may continue to do.
Nifty is expected to open flat and wait for first 30 mins for cues and trade.
Stocks for the day
HDFCBank - Broke down all moving averages.
JindalSteel - Breaking all moving averages for downside
DRReddy - Finally broke from it strong resistance level and is in clear uptrend
Axis - Finding support at these levels and can move up
Sun Pharma - Is trending up and is above 52 week High
Jubilant Food - Clear uptrend and if trades, but may face resistance at 1200
Coal India - Trending up and getting into strong hands.
BOB -has been constantly finding support at 510 levels since last 15 days
TataSteel - Can start a fresh upmove and there is no immediate resistance and is getting strong hands
Provide levels after 9.45 AM
Nifty is expected to open flat and wait for first 30 mins for cues and trade.
Stocks for the day
HDFCBank - Broke down all moving averages.
JindalSteel - Breaking all moving averages for downside
DRReddy - Finally broke from it strong resistance level and is in clear uptrend
Axis - Finding support at these levels and can move up
Sun Pharma - Is trending up and is above 52 week High
Jubilant Food - Clear uptrend and if trades, but may face resistance at 1200
Coal India - Trending up and getting into strong hands.
BOB -has been constantly finding support at 510 levels since last 15 days
TataSteel - Can start a fresh upmove and there is no immediate resistance and is getting strong hands
Provide levels after 9.45 AM
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