Market levels for nifty:
Today nifty index will have quite strong resistance at 5974. If it manages to cross 5974, it may reach 5991 and 6010 . If it Happens then bulls may take nifty to 6024 and 6039 levels.It can take on other side, below 5932 level, nifty may be dragged down to 5918 by bears. One can see some more action below 5901. If nifty manages to cut 5901, it may touch 5885. Support for bulls acting at 5871 level.
Sectors looking bearish
1. Auto2. Bankex
3. Oil&Gas
Sectors looking bullish
1. IT2. FMCG
3. Power
Buy & Sell Calls For Monday
BUY Suzlon Energy Ltd. Med Term Target 30 Stop Loss 18.30
SELL Tata Motors Ltd. Short Term Target 300 Stop Loss 335
BUY GMR Infrastructure Ltd. Med Term Target 25.50 Stop Loss 19.60
BUY Power Finance Corporation Ltd. Med Term Target 255 Stop Loss 190
BUY LIC Housing Finance Ltd. Med Term Target 310
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