- FII sold in cash, index and stocks futures.
- F&O data nifty futures sheds open interest further.
- Options writings show more calls written and puts sheds.
- US markets rose to new highs but closed in red.
- Global markets are in red.
- SGX nifty lost its overnight green and now in red.
- Nifty supports may be 5030-4980 and 20 day ema =5022.
- Nifty closed below 5 day ema 5095.
Current Spot: 5063.60
Supports: 5038 - 5012
Resistance: 5103 - 5144
Sell NF Below @ 5065 and 5058 Target 5045-5003 SSL-5099
Buy NF Above @ 5085 and 5099 Target 5126-5165 SSL-5058
Stock Ideas for the Day
KFA: Buy above 56 for targets of 58 and 61 SL of 54
LIC Housing: Buy above 855 for targets of 860 and 869 SL of 845
HCL Tech: Buy above 323.50 for targets of 328 and 332 SL - 319
Positional Call: (7-15 days)
Edserv Softsystems Limited (Short term target- 300)
NTPC above 220 SL 180 CLOSING BASIS TARGET 260/300 (Short Term – 3-4 Months)
Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.
Thanks and Regards
S&P Wealth Creators
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Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.