Nifty settled with small gains in what was a lackluster trading session has hit a high of 6,081.85 and a low of 6,053.25 in intraday trade. TataMotors made a good move today based on results and DRReddy's has seen profit booking after very good results. IT did very well after consolidating for few days led by HCLTech. FII were seller of 170 crores where as DII's bought 240 crores.
Shortterm Trend
What we have seen is US recovering more than 70% from it recent low where as we are seeing very small move in Nifty, but the move is never a strong one and it seems lazy and is reluctant to move up. I will stick to my earlier short term levels, Nifty if it can close above 6100 we could see 6145 and 6190 and weakness can be seen below 6040 and we could see 5980 and 5940. Janet Yellen's dovish comments may help emerging markets including india
Intraday Levels
We are going to see gapup opening of 30 points and as indicated by cues and could open around 6090 based on Janet Yellen comments. If Nifty can trade above 6090 for 15 minutes we could see 6105 and 6120 and on the lower side below 6060 we could see 6045 and 6030.
Top pics for the day are Bharat Forge, DrReddy, ACC, TechM, HCLTech, Apollo Tyres and Axis Bank. For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity calls
Will look to Neutral on Bullion, buy on Base Metals and suggest buying in crude and sell in Natural Gas, but would take call in real market and suggest to trade based on levels.
Pivot levels of Key Stocks
Shortterm Trend
What we have seen is US recovering more than 70% from it recent low where as we are seeing very small move in Nifty, but the move is never a strong one and it seems lazy and is reluctant to move up. I will stick to my earlier short term levels, Nifty if it can close above 6100 we could see 6145 and 6190 and weakness can be seen below 6040 and we could see 5980 and 5940. Janet Yellen's dovish comments may help emerging markets including india
Intraday Levels
We are going to see gapup opening of 30 points and as indicated by cues and could open around 6090 based on Janet Yellen comments. If Nifty can trade above 6090 for 15 minutes we could see 6105 and 6120 and on the lower side below 6060 we could see 6045 and 6030.
Top pics for the day are Bharat Forge, DrReddy, ACC, TechM, HCLTech, Apollo Tyres and Axis Bank. For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity calls
Will look to Neutral on Bullion, buy on Base Metals and suggest buying in crude and sell in Natural Gas, but would take call in real market and suggest to trade based on levels.
Pivot levels of Key Stocks
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