Market Report for 19/05/2021 and Some Breakout stocks to watch for the day

 

Market Report for 19/05/2021

 

Nifty Resistance:              15140/15280

Nifty Support:                    15030/14960

 

Bank Nifty Resistance:    33960/35000

Bank Nifty Support:         32280/32050

 

Majority of Global indices closed Negative

Dow jones closed with -0.78% i.e. -267points up

SGX nifty Spotted negative (-72 points)

Nifty Futures spotted @ 15084

India VIX Spotted at 19.24

Expecting a Gap down or Slight Negative Market in nifty, unless some news triggers

 

Yesterday

FII bought Shares worth 618.49Cr            

DII bought Shares worth 449.52 Cr

 

Stocks to Watch

 

Carborundum

Buy Above 617

Target 647, 680

SL 595

 

Advanced Enzymes

Buy Above 486

Target 518,535

SL 470

 

Adani Power

Buy Above 102.25

Target 108,115

SL 99