Boring day of trade, Nifty moves in range of 30 points

It was literally a boring day of trade today with only Stocks that too mid cap and small cap moving five to ten percent and our Hotel Leela was among them and was up around 5%. DowJones as of now is trading below 10400 which has become a pivot point for the next big move in markets

Nifty View:

Second time in last six trading sessions, Nifty has found resistance which it is not able to break continuously for the last three days. This shows signs of weakness in stock markets.
16th Nov high - 5073.2
17th Nov high - 5074
18th Nov high- 5079
If Nifty falls then 5010-5020 will act as a good support.


Stock View: PunjLloyd

The stock was beaten down very badly after the results and didnt recover at all in the recent rally in markets. So naturally the stock is looking weak technicallyTrendline at 200 level will act as a major support, below which next major support comes at 175-180 where one can buy with a medium term view


Have a wonderful trading day!!

Regards

Ankit