Nifty surged on the last trading session of the week as easing of inflation based on the WPI to 8-month low of 5.05%. Nifty opened well, but was not able to sustain and went lower to 5985 despite efforts to go up, but has found resistance at 6030 levels, but towards the end of the day rallied to 6048 which is a resistance zone. SBI is big loser because if it bad results. Negligible participation on Friday by both FII's and DII's.
Shortterm trend
I feel Vote on account I feel is non event and is just a day event, but dont see it changing any trend and I fell Gloabl events needed to be looked after for cues. As stated before below 6040 I said we could see 6000 and 5950 and Nifty has reversed from 5980 levels which is 200 day DMA. As long as Nifty closes above psychological 6,000 mark I dont see major issue, but above 6070 we could see 6100 and 6140 and Below 6000 we could see 5950 and 5920. Other way if you want to trade range it is buy at 6000 and sell at 6100 market.
Intraday Levels
We could open with gapup of 20 points and If Nifty can trade above 6070 for 15 minutes we could see 6085 and 6100 and on the lower side below 6050 for 15 minutes we could see 6035 and 6020.
Top pics for the day are Tata Motors, Gail, Tata Elxsi, SBIN, TechM, Sun TV and Titan for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
Will look to buy Copper, Gold , Crude and Sell Natural Gas, but will suggest to trade based on levels in live market and my above outlook is based on trend.
Pivot levels of Key Stocks
Shortterm trend
I feel Vote on account I feel is non event and is just a day event, but dont see it changing any trend and I fell Gloabl events needed to be looked after for cues. As stated before below 6040 I said we could see 6000 and 5950 and Nifty has reversed from 5980 levels which is 200 day DMA. As long as Nifty closes above psychological 6,000 mark I dont see major issue, but above 6070 we could see 6100 and 6140 and Below 6000 we could see 5950 and 5920. Other way if you want to trade range it is buy at 6000 and sell at 6100 market.
Intraday Levels
We could open with gapup of 20 points and If Nifty can trade above 6070 for 15 minutes we could see 6085 and 6100 and on the lower side below 6050 for 15 minutes we could see 6035 and 6020.
Top pics for the day are Tata Motors, Gail, Tata Elxsi, SBIN, TechM, Sun TV and Titan for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
Will look to buy Copper, Gold , Crude and Sell Natural Gas, but will suggest to trade based on levels in live market and my above outlook is based on trend.
Pivot levels of Key Stocks
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