Markets were choppy for the whole session and didn’t showed any major movement settling in green territory on a flat to positive note. Nifty future found resistance of 5600 since last two sessions. Hence correction is expected if it holds decisively above 5600 and may lead towards the next resistance of 5650. While on lower side 5480 is acting as major support. Volatile movements are expected due to IIP data.
SUPPORT : 5540 & 5480
RESISTANCE : 5640 & 5690
Daily Markets Trend–
- Sensex ends up 124 points; metal, realty, power rally.
- Ranbaxy jumps 30%; street cheers US base business growth.
- Adani Enterprises turns to loss in Q1 on rupee, coal availability.
- Govt to sell 5% stake in Coal India via OFS.
Intraday Stock Calls-
DENABANK EQ SELL BELOW 44.80 TARGETS 44.35/43.90/43.40 SL 45.30
JINDALSTEEL EQ BUY ABOVE 212 TARGETS 214.10/216.20/218.40 SL 209.80
Stock Future Calls-
BANKINDIA FUT SELL BELOW 165.60 TARGETS 163.60/161.60/159.60 SL 167.60
ONGC FUT SELL BELOW 267.70 TARGETS 265.70/263.70/261.70 SL 269.70