World Market stats-
Hang seng - up 0.70%
Shanghai - up 1.34%
Nikkei- up 0.76%
Nifty
Pivot= 5270,
R1-5360, R2-5410, R3-5502,
S1-5218, S2-5178, S3-5127
It had fallen all the way from 5556 and had touched the low of 5178. If it manages above 5322 in todays session then next possible targets may be 5367 and 5411.
Keep Stop Loss -5100
SBIN
Pivot-2560
R1-2634, R2-2676, R3-2750
S-2517, S2-2442
It is moving in a channel band of Rs.2450-2710. Therefore it may face resistance at 2710-2720. If it manages to close above 2720 then it can move upto 2850.
HINDALCO
Pivot-218,
R-218, R2-225, R3-233
S1-203, S2-194, S3-187
If it closes below 205 then exit all longs in this stock. It has an upside potential upto 228 but structure is negative.
TATA STEEL
Pivot-591
R1-607, R2-619, R3-635
S1-579, S2-563, S3-551.5
If it closes below 575 then exit long. It may touch 525
Also watch BF Utilities, Uflex in todays trading session.
