RESEARCH: MARKET OUTLOOK: On the F&O front, an increased in open interest along with negative price movements suggests that short positions build up in the June NIFTY contract. The NIFTY PUT – CALL ratio of open interest is in OVERSOLD zone indicating an upside bounce back can be expected on NIFTY at any time.Technically, overall market trend is likely to remain uptrend. As for intraday’s trade, market may open flat topositive and it can be expected to trade higher levels. The NIFTY has resistance at 4355 and 4375. If it breaks this level, itcould test at 4464. On the downside, the NIFTY is likely to test support at 4222 and 4189. Below this level, then Nifty maydrag to 4115. Short covering can be expected above 4375 levels.
10:18 AM 6/19 RESEARCH- INTRADAY CALL (CASH) : BUY SBIN ABOVE 1741 TGT 1793 SL 1710
11:47 AM 6/19 RESEARCH: INTRADAY MARKET OUTLOOK: THE NIFTY IS LOOKING RANGEBOUND BETWEEN 4250 - 4310 LEVELS. IF NIFTY MOVES BELOW 4250 THEN IT MAY TEST AT 4220 AND 4180. ON THE OTHER HAND, IF NIFTY TRADES ABOVE 4310 THEN IT CAN MOVE TOWARDS 4375 AND 4420. SHORT COVERING CAN BE EXPECTED IN THE LATER PART OF THE DAY.
12:16 PM 6/19 RESEARCH: INTRADAY CALL (CASH): BUY MARUTI ABOVE 1057 TGT 1090 SL 1040
1:23 PM 6/19 RESEARCH : INTRADAY CALL ( CASH ) : SHORT SELL DLF BELOW 320 TGT 304 SL 325
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