On Tuesday, market opened flat and traded in a small range during early hours of session but with sudden selling across all the indices led the market fall sharply and closed down in red. Metals, Realty and Capital Goods were under heavy selling pressure. Overall it was a volatile trading session. Volume for the day was higher then previous trading session. Market breadth was negative. Midcap Index closed and Small caps Index closed down in red.
For the day, the level of 5965 and 5935 may act as a major support for the market and the level of 6020 and 6045 may act as a major hurdle. Buying is expected at lower levels.
"Spot Levels" Day trader can go long on nifty above 6020 with stop loss 5990 for target 6045 / 6075 and can go short below 5965 with stop loss 5995 for target 5935 / 5910.
INDEX RANGE
NIFTY: 5988.70
Range: 5935-6045
Resistance: 6020-6045-6075
Support: 5965-5935-5910
BANK NIFTY: 12524.50
Range: 12335-12720
Resistance: 12610-12665-12720
Support: 12445-12390-12335
Short term: Down (6130)
Medium term: Up (5930)
Long term: Up (5500)
Cash Market Trading Activity (Prov. Figure in Rs. Crores)
Cat: Buy Val - Sell Val= Net Val
FII: 3157.02-3353.71= -196.69
DII: 1542.54-1092.95= +449.59
All Above Spot Levels
OM SHRI GANESHAYA NAMAH
Posts
No comments:
Post a Comment