Markets opened on a positive note, traded with choppiness and finally managed to close in green. On the sectoral front Oil & Gas, Auto and PSU ended with decent gains whereas Healthcare and Bankex ended with marginal losses. The advance decline ratio was in favour of advancing counters (Advances = 1204/ Declines=1149).
Nifty Spot ::
- Watch important support 6080 important resistance 6146 for the day
- In intraday trading on 29 May Nifty spot if sustain abve 6110 & breaks 6128 go long for 6146/6200 trgts
- Bears vl take charge only if nifty trades & sustain blw 6080
- Option players hold 6000 call ( y'day long ) nw keep 103 s/l
- Resistance for up move at 6128/6146/6200
Buy ONGC at current level or on a decline up to 325 (CMP 333) SL 319 Targets 347 – 355 – 365.
Nifty Spot ::
- Watch important support 6080 important resistance 6146 for the day
- In intraday trading on 29 May Nifty spot if sustain abve 6110 & breaks 6128 go long for 6146/6200 trgts
- Bears vl take charge only if nifty trades & sustain blw 6080
- Option players hold 6000 call ( y'day long ) nw keep 103 s/l
- In last two day's of future and option expire day be careful at high..
- Resistance for up move at 6128/6146/6200
- Supports at 6080/6017/5970
Keep eye on banknifty june future & Sbin ............... Both all set to fire in a day or two
