Market is in profit booking mood on Tuesday and we could see flat opening and consolidate at these levels for further move and may face slight resistance at 6110 - 6115 level, but major resistance is at 6140.
With US coming out with a solution before Oct 17th we may see market going up and also results till now will support the market to move up towards 6200 in spot. We may see strong rally above 6140 which is strong resistance and if it moves below 6040 which is a strong support because of any reason we could see it coming down to 5975 levels. The point is market has good legs to move up and is ready to ignore negative news and take only positives, but we may see change in this attitude may in next one week.
Pivot Levels for Index and stocks
Stocks for the Day
Axis Bank
Bajaj Auto
TechM
Lupin
Havells
LicHousing
HindUniliver
With US coming out with a solution before Oct 17th we may see market going up and also results till now will support the market to move up towards 6200 in spot. We may see strong rally above 6140 which is strong resistance and if it moves below 6040 which is a strong support because of any reason we could see it coming down to 5975 levels. The point is market has good legs to move up and is ready to ignore negative news and take only positives, but we may see change in this attitude may in next one week.
Pivot Levels for Index and stocks
Stocks for the Day
Axis Bank
Bajaj Auto
TechM
Lupin
Havells
LicHousing
HindUniliver
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