Even though before market cues have indicated good opening for Nifty, it is never a great start and it made its high in first 15 minutes and market has never crossed this level and has traded in this range through out the day. Nifty closed near low of the day at 6053. FII's have bought 455 crores and DII's have bought 290 crores.
Shortterm Trend
Nifty seems to be losing ground and we may see some correction in nifty in next few days based on the cues of market as are seeing non participation of big players. What is not looking good is on good global cues we are not moving much where as on okay global cues we are moving down. I am sticking to yesterdays short term levels of Nifty is okay along as it is above 6040 and if Nifty can close above 6100 we could see 6145 and 6190 and weakness can be seen below 6040 and we could see 5980 and 5940.
Intraday Levels
We are going to flat opening opening and as indicated by cues and could open around 6060. If Nifty can trade above 6080 for 15 minutes we could see 6095 and 6110 and on the lower side below 6050 we could see 6035 and 6020.
Top pics for the day are Tata Motors, AbirlaNova, Cairn, Sun Pharma, SBIN, Bajaj Auto and HCLTech For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity calls
Will look to buy Bullion, Base Metals(Nickel and copper is best of the lot) and also Energy but will suggest to trade based on levels.
Pivot levels of Key Stocks
Shortterm Trend
Nifty seems to be losing ground and we may see some correction in nifty in next few days based on the cues of market as are seeing non participation of big players. What is not looking good is on good global cues we are not moving much where as on okay global cues we are moving down. I am sticking to yesterdays short term levels of Nifty is okay along as it is above 6040 and if Nifty can close above 6100 we could see 6145 and 6190 and weakness can be seen below 6040 and we could see 5980 and 5940.
Intraday Levels
We are going to flat opening opening and as indicated by cues and could open around 6060. If Nifty can trade above 6080 for 15 minutes we could see 6095 and 6110 and on the lower side below 6050 we could see 6035 and 6020.
Top pics for the day are Tata Motors, AbirlaNova, Cairn, Sun Pharma, SBIN, Bajaj Auto and HCLTech For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity calls
Will look to buy Bullion, Base Metals(Nickel and copper is best of the lot) and also Energy but will suggest to trade based on levels.
Pivot levels of Key Stocks
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