01-01-2014 MARKET:

HOPE WE WILL BE IN RACE

MARKET TREND:

YESTERDAY MARKET HAS GIVEN SOME MORE CONSOLIDATION WITH POSITIVE HOPE.  6280 BECOME SUPPORTIVE TO THE MARKET AND CAN HOPE FOR BETTER CLOSING IN COMING DAYS.   SINCE VOLUMES ARE LESSER THAN NORMAL, IN OB-SENSE OF FII TRADERS OF PEER MARKET HOLIDAYS.

 

TODAY MARKET LIKELY TO OPEN FLAT WITH POSITIVE NOTE AND LIKELY TO BE RANGE BOUND.   IN VIEW OF NEW YEAR MID CAP & SMALL CAP SCRIPS CAN BE ON BUYING SIDE ON HOLDING BASIS.

 

NIFTY SPOT LEVELS:

Pivot:  6303

Resistance: 6318/6333/6348

Support: 6288/6272/6258

NIFTY FnO BAN: APOLLOTYRES

STOCKS FOR DAY:

FRL EQ: BUY > 76.50 TRG 79.50 SL 74

RECL EQ: BUY > 218 TRG 224 SL 214

PFC EQ: BUY > 165 TRG 170 SL 161.50

31-12-13 MARKET:

MARKET TREND:

EVEN YESTERDAY MARKET MOVEMENT IS LETHARGIC, IT IS VERY STOCK SPECIFIC, SOME OF THE SHORTS HAS BEEN COVERED AND NEW SHORTS HAVE TAKEN PLACE IN SOME OTHER STOCKS. BUT TRADERS HAVE MOVED TO DEFENSIVE/VALUE STOCKS FROM THEIR HIGH BETA STOCKS AND PREPARED FOR ANY EVENT.  TODAY MARKET MAY TAKE BACK FROM ITS YESTERDAYS BEARISH CANDLE.  

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET RESISTANCE AT 6370/6380 LEVEL AND CLOSE AROUND 6300 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6303
Resistance: 6332/6374/6403
Support: 6261/6231/6190

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UFLEX EQ: BUY > 82 TRG 84.50 SL 79
BHARAT FORGE EQ:SELL < 325 TRG 320 SL 328
UPL EQ: SELL < 199 TRG 195/193 SL 202

30-12-13 MARKET:

MARKET TREND:

NIFTY PLAYING RANGE BOUND AFTER RECENT DERIVATIVES SERIES CLOSING. VOLUMES BECOME VERY THIN TO TAKE THE MARKET. SINCE MAJOR TRADERS/ INVESTORS  ARE AT THEIR HOLIDAYS CASH FLOWS ARE NOT SUPPORTIVE.  UNLESS NIFTY CLOSES ABOVE 6340, WE CAN NOT WITNESS ANY UPTREND AND EVEN NIFTY MAY TEST 6220/6200 LEVELS IN COMING DAYS.

IN LINE WITH PEER MARKETS, TODAY OUR MARKET ALSO MAY OPEN FLAT AND TRADE WITH MINIMUM VOLUMES.   MARKET MAY GET SUPPORT AT 6290 AND CLOSE WITH POSITIVE BIAS AT THE LEVELS OF 6320.

NIFTY SPOT LEVELS:
Pivot: 6309
Support: 6293/6273/6258
Resistance: 6329/6345/6365

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
BHARATFORGE EQ: SELL < 329 TRG 324 SL 333
HINDALCO EQ: BUY > 122 TRG 123/124 SL 121
UTTAM GALVA EQ: BUY > 71.50 TRG 74.50 SL 69

27-12-13 MARKET:

MARKET TREND:

YESTERDAY DERIVATIVES' SERIES HAS CLOSED IN POSITIVE.   MIDCAP PARTICIPATION IS BECOME SUPPORTIVE TO MARKET TO CLOSE IN GREEN, EVEN THOUGH THERE IS PROFIT BOOKING IN OVER BOUGHT STOCKS.   SOME THE SECTOR NEWS, POWER AND OIL DISTRIBUTION SECTOR  ALSO BECOME  ADVANTAGE TO CLOSE THE SERIES IN GREEN.   DERIVATIVES OI RANGE IS PUSHING VOLATILITY INDEX ALSO TO MORE BROADER RANGE.  SINCE TODAY IS WEEK END ALONG WITH QUARTER ENDING (AS PER SETTLEMENT), POSITIONAL TRADERS MAY SQUARE OFF THEIR POSITIONS AND KEEP OPEN FOR NEXT QUARTER WITCH IS GOING TO BE NEWS & RESULTS DRIVEN.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS TO NEUTRALISE EXCESS PREMIUM AND IN LINE WITH PEER MARKETS (SGX NIFTY TRADING @ MINUS). NIFTY LIKELY TO GET SUPPORT AT 6250/6260 LEVEL AND MAY CLOSE FLAT.

  

NIFTY SPOT LEVELS:
Pivot: 6280
Resistance: 6301/6323/6345
Support: 6257/6237/6214

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RCOM EQ: SELL < 131 TRG 129/128 SL 132.50
JSW SL EQ: BUY > 997 TRG 1008 SL 986
CAIRN EQ: SELL < 321.50 TRG 318 SL 324

26-12-13 MARKET:

MARKET TREND:

ON 24TH MARKET WENT ON CONSOLIDATION AND KEPT OPEN THE MOVEMENT FOR THIS (DERIVATIVES SESSION ENDING) DAY.  ON 24TH NIFTY HAS LEFT POOR TECHNICALS WITH POOR VOLUMES AND MOVEMENT.   THIS SESSION IS BEING RANGE BOUND AFTER IT RECORDED NEW HIGH OF 6415, WE HAVE TO WATCH THE SESSION CLOSING EVENT.  WE FEEL NIFTY MAY CLOSE IN BETWEEN THE RANGE OF 6280-6320.

TODAY MARKET MAY OPEN FLAT AND CAN GET SUPPORT @ 6250 LEVEL.  DAY TRADERS CAN BET THEIR TRADES WITH 6230 SL FOR POSITIVE CLOSING OF SERIES.

NIFTY SPOT LEVELS:
Pivot: 6277
Resistance: 6293/6317/6332
Support: 6253/6237/6213

NIFTY FnO BAN: HDIL

STOCKS FOR DAY: 
SUPRAJIT ENG EQ: BUY > 51 TRG 53.75 SL 49.50
BHEL EQ: BUY > 171 TRG 174 SL 169.50
AUROPHARMA EQ: BUY > 396 TRG 408 SL 387
SHASUNPHARMA EQ: BUY > 85.00 TRG 88.75 SL 82.50

24-12-13 MARKET

 

HOPE SANTA WILL PULL OUR 'NIFTY' ALSO TO NEW HIGHS

MARKET TREND:

IN THE EVENT OF CHRISTMAS HOLIDAYS MOST OF THE TRADERS HAVE PAUSED THEIR ACTIVITIES AND SOME OF THE MAJOR MARKETS ARE BUSY IN THEIR FESTIVAL CELEBRATIONS.  AS ONLY ONE DAY AWAY FROM OUR NEAR DERIVATIVES SESSION, WE MAY WITNESS VOLATILITY.   THE CLOSING OF NIFTY IN OB-SENSE OF ACTIVE TRADERS, AND CONSIDERING NIFTY DERIVATIVES RANGE, NIFTY MAY CLOSE BETWEEN 6320- 6350 RANGE.

TODAY MARKET MAY OPEN FLAT AND WITNESS ANOTHER DAY OF CONSOLIDATION. DAY TRADERS CAN TRADE BETWEEN 6290-6360 LEVELS WITH THEIR MOMENTUM STRATEGY.

NIFTY SPOT LEVELS:
Pivot: 6290
Resistance: 6312/6340/6363
Support: 6260/6240/6210

NIFTY FnO BAN: HDIL, AUROPHARMA

STOCKS FOR DAY:
DEEWAN HOUSING EQ: BUY > 211 TRG 235 SL 199
APOLOTYRES EQ: BUY > 93.25 TRG 95/96.75 SL 91.50
KALYANI STEELS EQ: BUY > 56.50 TRG 58.50 SL 55

23-12-13 MARKET:

MARKET TREND:

FIIs ARE IN LONG IN DERIVATIVES AND EQUITY MARKET ON FRIDAY ALSO.   IT SEEMS THEY HAVE PARKED THEIR FUNDS IN INDIAN MARKET BEFORE THEY MOVE FOR CHRISTMAS AND NEW YEAR HOLIDAYS.   DERIVATIVES RANGE HAS BEEN SHRIEKED TO 6200-6300, WHICH IS RARE PHENOMENA BEFORE DERIVATIVE SERIES CLOSING DAYS.  

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND LIKELY TO GET PLAY BETWEEN 6350-6200 RANGE.  SINCE GOOD ROLL OVERS ARE IN CARD TRADERS CAN BE IN MOVEMENT STRATEGY WHICH DEMANDS MORE VOLUMES WITH LESS MARGINS.

 

NIFTY SPOT LEVELS:
Pivot: 6243
Resistance: 6315/6357/6429
Support: 6200/6128/6085

NIFTY FnO BAN: APOLLOTYRES, AURBINDO

STOCKS FOR DAY:
DELTACORP EQ: BUY > 101 TRG 103 SL 99

TATA COM EQ: BUY > 289 TRG 296/300 SL 281
BHARATFORGE EQ: SELL < 325 TRG 322/316 SL 330

20-12-13 MARKET:

MARKET TREND:

OVER JOYOUSLY/CAUTIOUSLY NIFTY REACTING TO THE POLICY MAKERS' NEWS.  TRADERS/INVESTORS SHOULD ANALYSE THE BENEFITS/THREATS THEY ARE GOING TO FACE OUT OF POLICY AND PROCEED IN THEIR ACTIONS.  ONCE, REALLY US ECONOMY GOING TO IMPROVE, THEIR $ GOING TO BE MORE STRONGER AND OUR EXPORT ORIENT PRODUCTS/SERVICES ARE LIKELY TO HAVE LESS ADVANTAGE.  ALSO AS ELECTIONS ARE NEARING, OBVIOUSLY OUR GOVT. LIKELY TO BOOST DEVELOPMENT ACTIVITIES ALONG WITH CHOPS TO MASS PUBLIC, OUR LOCAL CONSUMPTION WILL BE INCREASED. 

AS MOST OF OUR ANALYSTS ARE EXPECTING LESS EFFECT TO ECONOMY WITH FED TAPERING, MOST OF THE INDICES MAY GET REVALUED BY INVESTORS.   WITH THIS EFFECT, SOME OF THE INDICES LIKE IT, PHARMA SECTORS (WHICH ALMOST RECORDED 50% GROWTH IN THIS 2013) MAY WITNESS PROFIT BOOKING IN COMING DAYS AND CONSUMPTION BASED SECTORS & INFRA SECTORS CAN GET BOOST.   RECENT SEBI ACTION ALSO WILL IMPROVE MID CAP AND SMALL CAP STOCKS TURNOVER AND LIKELY TO ATTRACT MORE RETAILERS.  AS CORPORATE DEBITS ARE GOING TO MAJOR ISSUE, ONE SHOULD CONCENTRATE ON LESS DEBIT RATIO COMPANIES RATHER THAN FAMILIAR NAMES.

TODAY MARKET LIKELY TO OPEN WITH NEGATIVE BIAS WITH YESTERDAYS INFLUENCE AND IN  LINE WITH PEER MARKETS.  AS TODAY IS WEEK END, WE MAY WITNESS COVERAGE OF POSITIONS SHORTS/LONGS AND MARKET LIKELY CLOSE FLAT.   DAY TRADERS CAN GO LONG @  6140/6150 LEVEL WITH SL OF 6120.

NIFTY SPOT LEVELS:
Pivot: 6194
Resistance: 6237/6307/6350
Support: 6123/6080/6010

NIFTY FnO BAN: 
AURBINDO & APOLLOTYRES

STOCKS FOR DAY:
CAIRN EQ: SELL < 320 TRG 314 SL 325
HEXAWARE EQ: BUY > 121 TRG 124 SL 119
BHARATFORGE EQ: BUY > 320 TRG 332 SL 313

19-12-13 MARKET

MARKET TREND:

Yesterday Equity Market has got moral boosting by RBI action.  Even Bond premium has been increased abnormally, which resulted cash outflows (temporarily) and Rupee Depreciation.  Yesterday FIIs are net buyers in Equity and Index Futures by edging Options in double quantity.   This kind of action indicates that Nifty will be more volatile in coming trading days.  Even though derivatives range still is intact between 6000-6300,  expected volatility may break this levels and create new range.  In this view we advise day traders to participate in trade with Strict Stop Loss to minimise their trading cost.  Yesterday all Peer Indices have closed in Green by taking FED news as positive.

Today market may open Positively in continuation to yesterday boost and Peer Markets' support.    Yesterday closing may act as support for Nifty and close positive.   Day traders can follow Movement Strategy/Elbow Trades  and book profits at minimum levels.

NIFTY SPOT LEVELS:
Pivot: 6194
Resistance: 6259/6300/6365
Support: 6160/6088/6045

NIFTY FnO BAN: AURBINDO

STOCKS FOR DAY:
Adanipower EQ: Buy > 37.30 Trg 38.30/39 SL 36.50
Shasunpharma EQ: Buy > 86.50 Trg 89 SL 84
Ganesh Housing EQ: Buy > 77 Trg 85.50 SL 70

18-12-13 MARKET:

MARKET TREND

AHEAD OF RBI MID REVIEW TRADERS HAVE BECOME CAUTIOUS.  AS A RESULT OF CONTINUES FALL, MARKET WAS FORCED TO COVER UP THEIR POSITIONS TO TAKE NEUTRAL STAND, IN RESULT MARKET BREADTH HAS BEEN INCREASED IRRESPECTIVE OF NEGATIVE CLOSING.  FIIs ARE SELL SIDE IN DERIVATIVE SEGMENT AND PLUS IN EQUITY SEGMENT.  SINCE VALUE BUYING IS STILL IN CARDS, DERIVATIVES RANGE (6000-6300) WAS NOT DISTURBED. 

EVEN THOUGH MOST OF OUR BANKERS AND BROKERS ARE EXPECTING INTEREST INCREASE, RBI MAY BE CAUTIOUS IN THEIR ACTION (INT INCREASE) TO SAFE GUARD INDUSTRIAL GROWTH AND BOND YIELD, WHICH IS IMPORTANT TO MAINTAIN CONSISTENCY. ALSO NOW DAYS, RBI STARTED ARGUE WITH FIN. DEPT. AS INT. RATE TOOL MAY NOT BE MUCH USEFUL TO CURTAIN WPI/RATAIL INFLATION. THEY BELIEVE, INFLATION CAN BE CONTROL ONLY WITH PUBLIC DISTRIBUTION SYSTEM AND MANAGING SUPPLY/DEMAND OF GOODS.

TODAY MARKET MAY OPEN FLAT AND WAIT FOR TRIGGERS FROM RBI NEWS AND MOVEMENT OF EUROPE MARKETS, OUR MARKET MAY TRADE IN RANGE BOUND. 5980/5960 LIKELY TO BE SUPPORT AREA.

NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6175/6212/6233
Support: 6115/6096/6060

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
OBC EQ: BUY > 208 TRG 212 SL 203
TVSMOTORS EQ: BUY > 56 TG 57.50 SL 54.50

17-12-13 MARKET

MARKET TREND:

YESTERDAY MARKET WAS RESPECTED NIFTY 50 DMA EVEN THOUGH WPI DATE IS IN NEGATIVE.  SURPRISINGLY MARKET BREADTH ALSO IMPROVED THAN PREVIOUS DAYS, IRRESPECTIVE OF MARKET RUMORS OF REPO RATE INCREASE IN THEIR MID REVIEW SCHEDULED ON 18TH DECEMBER.  BUT FIIs ARE AT SELL SIDE IN THEIR DERIVATIVES SEGMENT.   DERIVATIVES RANGE IS STILL INTACT, BETWEEN 6000-6300.  THESE ALL INDICATE TRADERS ARE PREPARED FOR SHORTS AT HIGHER SIDE. 

TODAY MARKET MAY OPEN WITH GAP UP IN LINE WITH OUR SGX NIFTY.  NO PEER MARKETS AND MEDIA NEWS ARE SEEMS TO BE SUPPORTIVE, MARKET MAY GO PROFIT BOOKING.  NIFTY MAY PLAY BETWEEN 6240 -6140.

NIFTY SPOT LEVELS:
Pivot: 6161
Resistance: 6176/6198/6214
Support: 6139/6124/6102

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DELTA CORP EQ: BUY > 102 TRG 106 SL 98.50
INFY EQ: BUY > 3421 TRG 3488 SL 3382
APOLLO TYRES EQ; BUY > 8380 TRG 86.80 SL 81.75
BHARATFORGE EQ: BUY > 312 TRG 318 SL 307

13-12-13 MARKET

MARKET TREND:

YESTERDAY MARKET WAS MOVED IN LINE WITH MARKET TRIGGERS.   NIFTY HAS BROKEN ITS INTERIM SUPPORT OF 6220 AND WE CAN WATCH ITS NEXT SUPPORT LEVEL OF 6170. SINCE MARKET IS AT ITS LOWEST TECHNICAL VALUES (ONLY DAY TECHNICALS) AND MARKET IS SLIDING FROM LAST ONE WEEK, BOTTOM FISHING CAN BE WITNESSED AT 6160/6170 LEVELS.

TODAY MARKET MAY OPEN WITH GAP DOWN AND LIKELY TO GET SUPPORT @ 6160/6170 LEVELS. 

NIFTY SPOT LEVELS:
Pivot: 6251
Support: 6216/6195/6160
Resistance: 6272/6307/6329

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ACL EQ: SELL < 183 TRG 180 SL 186
TATAPOWER EQ: BUY > 86 TRG 88/92 SL 82
ADITYABIRLA EQ: SELL < 1204 TRG 1170 SL 1227

12-12-13 MARKET:

MARKET TREND:

YESTERDAY NIFTY HAS RESPECTED IMPORTANT SUPPORT OF 6280 AND GIVEN GREEN CANDLE AFTER 6 DAYS.  STILL NO TECHNICALS ARE SUPPORTIVE TO TRADE WITH POSITIVE SENSE/SUPPORTIVE SIGNALS (CPI Nos. AND POLITICAL). EVEN THOUGH MARKET TREND LIKELY IN POSITIVE MODE TILL NIFTY BREAKS 6220 LEVELS, TRADERS SHOULD BE CAUTIOUS IN THEIR TRADES.

TODAY ALSO MARKET MAY OPEN WITH NEGATIVE BIAS WITH INFLUENCE OF PEER MARKETS, TRADERS CAN WATCH OF 6280 SUPPORT AND TRADE.

NIFTY SPOT LEVELS:
Pivot: 6305
Resistance: 6330/6351/6375
Support: 6283/6258/6236

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
SUPRAJITENG EQ : BUY > 41 TRG 43/46 SL 39.75
CESC EQ: BUY > 411 TRG 415 SL 406
CANFINHOMES EQ: BUY > 152.50 TRG 154.75 SL 150
DISHTV EQ: BUY > 61 TRG 63 SL 59.75

11-12-13 MARKET:

MARKET TREND: 

DUE TO NEWS FLOWS, AFTER 4TH OF THIS MONTH, NIFTY OPENING EITHER GAP UP OR GAP DOWN.   FIIs ARE VERY ACTIVE IN TRADE AND TAKING ADVANTAGE OF MARKET. WITHOUT BREADTH MARKET, NIFTY VOLATILITY IS BEING INCREASED TO RANGE OF 6000-6500.   SINCE TRADES ARE TAKING BY BIG STAKES/STAKE HOLDERS RETAILERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST.

TODAY OUR MARKET ALSO MAY OPEN FLAT WITH NEGATIVE BIAS IN CONTINUATION TO YESTERDAY'S SLIDE AND IN LINE WITH TODAYS' PEER MARKETS OPENING.   BUT AT YESTERDAY LOWS (AROUND 6300) MARKET MAY GET SUPPORT AND LIKELY TO CLOSE IN POSITIVE. DAY TRADERS CAN GO LONG WITH 6280 SL.

NIFTY SPOT LEVELS:
Pivot: 6334
Support: 6306/6279/6251
Resistance: 6360/6390/6415

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
VOLTAS EQ: BUY > 121 TRG 127 SL 117
TCS EQ: BUY > 2059 TRG 2112 SL 2028
KAVERISEEDS EQ: BUY > 1575 TRG 1622/1670 SL 1570

10-12-13 MARKET:

MARKET TREND:

YESTERDAY MARKET GIVEN DOUBLE BONANJA TO BULLS.  FIIs ARE IN BUYING SIDE, BUT MARKET BREADTH IS IN NEGATIVE.   THIS INDICATE SELECTIVE PEOPLE AND SELECTIVE STRIPS ONLY TAKING THE MARKET TO NEW HIGHS, WHICH IS NOT GOOD FOR INVESTORS.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND MOVE RANGE BOUND.  6445 MAY ACT AS RESISTANCE AND WITNESS THE PROFIT BOOKING AT HIGHER LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6374
Resistance: 6404/6445/6475
Support: 6334/6304/6263

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DLF EQ: BUY > 162.75 TRG 168 SL 159.50
SASKEN EQ; BUY > 156 TRG 159 SL 152
KPIT TECH EQ: BUY > 148 TRG 151.50 SL 146.50
ULTRATECH CEMENT EQ: BUY > 1920 TRG 1951 SL 1899

09-12-13 MARKET:

MARKET TREND:

BJP MINI FINALS VICTORY TAKES THE MARKET TO NEW HIGHS BY OVER WHELMING TRADERS. SINCE WE ARE GOING TO WITNESS EMOTIONAL TRADES ALONG WITH SHORT COVERAGE, TEMPORARILY NIFTY CAN SEE NEW HIGHS, EVEN TO 6500 LEVELS. SINCE IT IS EMOTIONAL/NEWS BASED MOVE, IT WILL BE SHORT LIVED.  

CONGRESS MAY GO FOR POPULAR SCHEMES, IN THESE 3 MONTHS IN ORDER TO WOO MASS PUBLIC, WHICH GENERALLY MAY NOT BE GOOD FOR ECONOMY.   ANY STEPS FROM THESE FUNDAMENTAL VIOLATIONS WILL BE TAKEN NEGATIVELY BY FIIS, WHO HAVE INVESTED MORE THAN 1 LAC CRORES IN THESE 2013.  AS WE WILL BE GOING TO WITNESS MORE SWING IN INDIAN MARKET, LONG TERMS INVESTORS SHOULD BE CAUTIOUS AND TRADERS SHOULD TRADE WITH STRICT STOP LOSS TO MINIMISE THEIR COST. 

TODAY MARKET MAY RESPECT TECHNICALS, AND DAY TRADERS SHOULD TRADE WITH MOVEMENT OF NIFTY WITH SL. ON POSITIONAL BASIS TRADERS CAN GO LONG IN 6300 PE AT 6500 LEVEL WITH 6550 SL 

NIFTY SPOT LEVELS:
Pivot: 6255
Resistance: 6280/6300/6325
Support: 6235/6210/6190

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UCOBANK EQ: BUY > 77.75 TRG 81 SL 76
POWERGRID EQ: BUY > 98 TRG 100.50 SL 96.75
HINDALCO EQ : SELL < 122 TRG 119 SL 124

06-12-12 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS REPLICA OF PUBLIC/INVESTORS SENTIMENT IN FAVOR OF OPINION POLLS.  FIIs WENT TO BUYING TAKEN THE NIFTY DERIVATIVES RANGE TO 6000-6500. OI RANGE INDICATE HIGHER VOLATILITY IN NEAR FUTURE.  POLITICAL NEWS/UNCERTAINTY ALSO WILL CONTRIBUTE THE  THE VOLATILITY.   TRADERS SHOULD BE MORE CAUTIOUS WITH THEIR SL AND BOOK PROFITS EVEN WITH LESSOR MARGINS.

IN LINE WITH PEER MARKET OUR MARKET ALSO MAY OPEN FLAT AND WITNESS PROFIT BOOKING OF YESTERDAYS LONGS.  NIFTY SPOT MAY GET RESISTANCE AT 6330 LEVEL.

 
NIFTY SPOT LEVELS:
Pivot: 6258
Resistance: 6284/6326/6352
Support: 6215/6189/6147

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SOBHA DEV EQ: BUY > 347 TRG 355 SL 341
IRBINRA EQ: BUY > 97.75 TRG 100.50 SL 95.75
RELINFRA EQ: BUY > 437 TRG 443 SL 431.50

29-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS CLOSED MORE POSITIVE THAN WE EXPECTED ALONG WITH DERIVATIVES PREMIUM OF (NEARLY) 1%. OVERALL ROLLOVER WAS TAKEN WITH MORE ZEAL. AS ANALYSTS ARE EXPECTING OUR GDP Nos. ARE GOING TO BE BETTER THAN PREVIOUS, TWO DAYS SELLING WAS STOPPED BY FIIs AND BOUGHT GOOD VOLUME OF EQUITIES & FUTURES. EVEN THOUGH YESTERDAY FIGURES ARE POSITIVE, MARKET OVERALL DIRECTION WAS NOT YET ESTABLISHED TO BULLISH.

IN LINE WITH SGX NIFTY, OUR NIFTY ALSO MAY START FLAT AND GO MAY WITNESS PROFIT BOOKING AT HIGHER LEVELS IN VIEW OF WEEK END.   MARKET RANGE IS EXPECTING BETWEEN 6045-6160 LEVELS. DAY TRADERS CAN GO SHORT AT 6140/6160 LEVEL WITH 6180 SL. FOR TARGET OF 6100.

NIFTY SPOT LEVELS:
Pivot: 6091
Resistance: 6114/6136/6158
Support: 6069/6046/6024

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JINDAL STEEL EQ: BUY > 254.60 TRG 258 SL 251.75
SUNTV EQ: BUY > 370 TRG 375/380 SL 364
GODREJIND EQ:  BUY > 272 TRG 278 SL 267

28-11-13 MARKET:

NIFTY TREND:

YESTERDAY MARKET IS RANGE BOUND AND WITH NORMAL VOLATILITY. TODAY IS BEING DERIVATIVES EXPIRY, WE CAN EXPECT PROFIT BOOKING AT HIGHER SIDE BUT MARKET LIKELY TO CLOSE MARGINALLY HIGHER THAN PREVIOUS CLOSE.

TODAY NIFTY LIKELY TO OPEN WITH POSITIVE NOTE AND DAY TRADERS (WHO MISSED OPEN BUY) CAN GO SHORT @ 6120 (SPOT) LEVEL WITH 6150 SL FOR TARGET OF 6080/6040.

NIFTY SPOT LEVELS:
Pivot: 6053
Resistance: 6077/6098/6121
Support: 6033/6010/5990

NIFTY FnO BAN: IBREAL

STOCKS FOR DAY:
JAINIRRIGATION EQ: BUY > 69 TRG 70.65 SL 68.35
UCOBANK EQ: BUY > 73.30 TRG 75 SL 72.
RCOM EQ: BUY > 136 TRG 138 SL 134.75

27-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WITNESSED PROFIT BOOKING OF LONGS AGAINST THE PREVIOUS DAYS SHORT COVERING. THIS KIND OF ACTION INDICATE RANGE BOUND MARKET AND TRADE FOR MARGINS FROM DERIVATIVE PREMIUMS (OPTIONS HEDGING). EVEN THOUGH ROLLOVERS ARE SEEMS TO BE GOOD, No. OF STRIPS VERY LOW WHICH IS DUE TO MID CAP SEGMENT.    SINCE TOMORROW IS BEING SETTLEMENT DAY, TODAY ALSO WE MAY WITNESS VOLATILE MARKET.  RSI INDICATOR POSITIVE CLOSING INDICATE, NIFTY MAY GET SUPPORT FROM LOWS.

TODAY NIFTY MAY OPEN NEGATIVE IN CONTINUE TO YESTERDAY  MOVEMENT, AND LIKELY TO GET SUPPORT AT 6000 LEVEL.  DAY TRADERS CAN GO LONG @ 6010/6000 WITH SL 5965.

NIFTY SPOT LEVELS:
Pivot: 6073
Support: 6033/6008/5968
Resistance: 6100/6140/6165

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ADANI ENT EQ: SELL < 247 TRG 234 SL 255
JINDAL DRILLING EQ: BUY > 192 TRG 203/209 SL 185
PTC EQ: BUY > 59 TRG 61 SL 57.75

26-11-13 MARKET:

SHOULD HAVE GUTS TO WIN.....

MARKET TREND:

YESTERDAY, EVEN THOUGH NIFTY STARTED FLAT (9 PTS UP), WENT ON UPBEAT WITH THE SUPPORT OF TECHNICALS AND IRAN NEWS.  NIFTY HAS BEEN SHOOED TO 6124 AGAINST OUR EXPECTATION OF 6040.  THIS ALL HAPPEN WITH GOOD ROLLOVERS BY FIIs WHO HAVE BOUGHT MORE THAN 1300 CR. AND SHORT COVERING.  EUROPE POSITIVE OPENING ALSO SUPPORTED TRADERS TO BE ACTIVE. BANK NIFTY AND OIL INDICES HAVE BECOME BOOSTERS TO NIFTY.  THESE REMAINING 3 DAYS (DERIVATIVES EXPIRY) MARKET WILL BE VOLATILE AND DERIVATIVE PREMIUMS WILL BE AT STAKE UNLESS WE ARE SHREWD. 

TODAY MARKET MAY OPEN NEGATIVE WITH INFLUENCE OF PEER MARKET AND OUR SGX NIFTY. SINCE DERIVATIVES RANGE IS STILL IN BETWEEN 6000-6200, DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL 5970.  PROFIT BOOKING SHOULD BE SAFE GUARDED WITH TRAILING SL TILL NIFTY CROSSES 6150 LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6092
Resistance: 6147/6179/6235
Support: 6060/6004/5970

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDBI EQ: SELL < 64.50 TRG 62.50 SL 65.5
TATA ELEXI EQ: BUY > 247 TRG 252/258 SL 241
UCO BANK EQ: BUY > 73 TRG 74.25/76 SL 71.50
BHARATFORGE EQ: BUY > 289 TRG 293/299 SL 283

25-11-13 MARKET:

MARKET TREND:

THIS WEEK MOST OF DERIVATIVE PREMIUMS WILL BE NULLIFIED DUE TO EXPIRY OF SERIES.  NIFTY OI RANGE IS  IN BETWEEN 6000-6200 WHICH IS LOW THAN PREVIOUS CLOSE OF 6251. ALSO NIFTY HAS CLOSED BELOW 50DMA.   ARRIVING NIFTY CLOSING LEVEL IS IMPORTANT TO BOOK THE PROFITS.  SINCE FRIDAY CLOSING IS DOUBLE BOTTOM TO EARLIER WEEK LOWS, MONDAY OPENING AND CLOSING WILL DECIDE THE WEEK CLOSING, WHICH TRADERS GENERALLY WAIT.

TODAY PEER MARKETS HAVE OPENED POSITIVE NOTE AND TRADING WITH RANGE BOUND ALONG WITH OUR S&P CNX NIFTY OUR MARKETS ALSO LIKELY TO OPEN FLAT.  5960 LIKELY TO BE SUPPORT.  DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL 5960 FOR TARGET OF 6040.

MARKET SPOT LEVELS:

Pivot: 6006
Resistance: 6039/6093/6118
Support: 5962/5929/5885

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLOTYRES EQ: BUY > 76.50 TRG 78 SL 75
RECDL EQ: BUY > 212.75 TRG 215/217 SL 210.75
ADANI ENT EQ: BUY > 244 TRG 247/251 SL 240
NMDC EQ: SELL < 129 TRG 125 SL 130.50

22-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET FALLEN TECHNICALLY WITH POOR SENTIMENT AND POOR FIGURES FROM CHINA.  NIFTY DERIVATIVES OPEN INTEREST RANGE HAS BEEN SHRINK BY INCREASING VOLATILITY.  SINCE 5950 LEVEL IS BECOME CRITICAL SUPPORT TO NIFTY, TRADERS MAY WAIT FOR THIS LEVEL OR TO BREAK THE RESISTANCE OF 6100.  

DUE TO POOR SENTIMENT TODAY MARKET MAY OPEN FLAT EVEN THOUGH PEER MARKETS TRADING IN GREEN AND WAIT FOR GUIDANCE FROM EUROPE MARKET. DAY TRADERS CAN GO SHORT @ 6030 LEVEL WITH SL 6070 FOR TARGET OF 6000/5990.

NIFTY SPOT LEVELS:
Pivot: 6027
Resistance: 6069/6139/6181
Support: 5957/5915/5845

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
INDIACEMTNT EQ: BUY > 58.50 TRG 61 SL 53.80
KIRLOSKAR OIL ENG EQ: BUY > 158 TRG 167 SL 151
PFC EQ: SELL < 147 TRG 140.50 SL 151

21-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS REALLY PLAYED IN CROSS ROADS AND MOVED WITH MORE PRICE RANGE.  YESTERDAY NIFTY FORMED EVENING STAR BY ADDING NIFTY 5800 PE. THESE MOVEMENTS INDICATE SOME MORE DOWN TO NIFTY.  AS FIIs ARE USUALLY GOING LONG WHEN EVER MARKET SENTIMENT (TECHNICAL) IS WEAK, WE MAY WITNESS BUYING FROM NIFTY LOWER LEVELS.  

TODAY ALMOST ALL PEER MARKETS (EXCEPT NIKKEI) HAVE OPENED IN NEGATIVE, OUR NIFTY ALSO MAY OPEN WITH NEGATIVE NOTE.  DAY TRADERS CAN GO LONG 6050/6045 FOR TARGET OF 6080/6120 LEVEL WITH 5990 SL. SINCE SL IS MORE WIDER AND MARKET SENTIMENT IS WEAK,  TRADERS MAY TRADE WITH CE/PE TO MINIMISE COST.

NIFTY SPOT LEVELS:
Pivot: 6145
Resistance: 6182/6242/6280
Support: 6085/6047/5988

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
TECHMAH EQ: SELL < 1710 TRG 1658 SL 1740
ADANIPORTS EQ: BUY > 154 TRG 157/160 SL 151
COALINDIA EQ:  BUY > 271 TRG 276 SL 267
HINDALCO EQ: SELL < 122 TRG 119/117 SL 124

20-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS DAY OF CONSOLIDATION WITH LOW VOLUMES.   JUNIOR NIFTY HAS NOT SUPPORTED MUCH TO GET THE VOLUMES. AS MANY EXPECTED NIFTY SPOT HAS NOT ABLE TO TOUCH 6220 AND PLAYED RANGE BOUND.   AS THE MOVEMENT RANGE WAS SHIRKED, VOLUME SUPPORT IS MUST TO BREAK THE RESISTANCE OF 6220.  IN A ONE WORD NIFTY IN CROSS ROADS.

TODAY PEER MARKETS & SGX NIFTY HAVE STARTED WITH NEGATIVE, OUR MARKET ALSO LIKELY TO START NEGATIVE AND MAY GET SUPPORT AT 6165/6160  DAY TRADERS CAN GO LONG AT 6165/6170 LEVEL WITH 6150 SL FOR TARGET OF 6215/6230.

NIFTY SPOT LEVELS:
Pivot: 6199
Resistance: 6217/6231/6250
Support: 6185/6165/6150

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JINDALSTEEL EQ: BUY > 253 TRG 260 SL 248
HINDALCO EQ: BUY > 122.50 TRG 126/128 SL 120
HEXAWARE EQ: SELL < 118 TRG 112 S; 122.50

19-11-13 MARKET:

MARKET TREND:

YESTERDAY NIFTY HAS TAKEN UP MOVE WITH REASONABLE BREADTH.  AS WE SEE SHORTS BUILD UP IN VALUE STOCKS/DEFENSIVE STOCKS, MARKET MAY WITNESS SHORT COVERAGE AT LOWER LEVEL.  SINCE GAP FILLING AREA AT AROUND 6220, NIFTY MAY GET RESISTANCE AT THIS LEVEL.

TODAY MARKET MAY OPEN FLAT TO NEGATIVE WITH INFLUENCE OF PEER MARKETS.  DAY TRADERS CAN GO LONG WITH 6130 SL FOR TARGET OF 6200/6220.

NIFTY SPOT LEVELS:
Pivot: 6165
Resistance: 6220/6251/6307
Support: 6134/6079/6047

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HINDALCO EQ : BUY > 117.50 TRG 121 SL 115
KOLTEPATIL EQ : BUY > 83 TRG 85 SL 81
LICHSGFIN EQ : BUY > 226 TRG 229 SL 224
INDIACEMENT EQ : BUY > 57.70 TRG 59.30 SL 56.40

18-11-13 MARKET:

MARKET TREND:

THURSDAY MARKET IS PULL BACK RALLY, BY HONORING TECHNICAL SUPPORT OF 50 DMA.  STILL WE CAN'T TAKE IT AS POSITIVE MOVE, TILL THE MARKET CLOSES ABOVE 6120 SUBSEQUENTLY FOR 2 DAYS.  AS INDIA MARKET USUALLY REACTING ON CASH FLOWS, AND OUR INDIAN GOVT. TRYING TO MOBILISE FUNDS THROUGH BOND MARKET, INVESTORS SENTIMENT WILL BE IN POSITIVE.  US $ WEAKNESS IS GOING TO BE ADDED ADVANTAGE FOR MICRO BALANCE OF INDIA.  SINCE, FOREIGNERS ARE RECEIVING BJP LED GOVT. AS POSITIVE, THESE ASSEMBLY ELECTIONS ALSO WILL INFLUENCE THE INVESTORS SENTIMENT. 

SINCE, SGX NIFTY ON PLUS ALONG WITH OTHER CHINA MARKETS, OUR NIFTY ALSO MAY OPEN POSITIVE.  SINCE MOVEMENT/DIRECTIONAL INDICATORS ARE IN NEGATIVE, MARKET MAY WITNESS LITTLE VOLATILE AND TRADERS CAN GO LONG @ 6100 LEVEL WITH 6045 SL FOR TARGET OF 6130/6160.

NIFTY SPOT LEVELS:
Pivot: 6045
Resistance: 6093/6130/6158
Support: 6027/5999/5962

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
PATEL ENG EQ: BUY > 43 TRG 45/46.50 SL 41.50
HINDALCO EQ: BUY > 115 TRG 116.50/118 SL 113.75
BHARATFORGE EQ: BUY > 298.75 TRG 303.50 SL 294.50
COALINDIA EQ: SELL < 276 TRG 269 SL 281

14-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS INFLUENCED BY PEER MARKETS AND RUPEE VALUATION FEARS WENT ON OVERSOLD SITUATION.  BUT DERIVATIVE RANGE IS TACT AND MOVEMENT HAS BEEN IMPROVED, WHICH INDICATE THE NIFTY FALL IS LIMITED AND CAN GET INFLUENCED WITH ANY KIND OF SUPPORTING FACTORS. AS PEER MARKETS HAVE BEEN OPENED WITH POSITIVE BIAS OUR MARKET ALSO MAY OPEN WITH POSITIVE NOTE.   SINCE, MARKET SENTIMENT IS POOR, WE MAY WITNESS SELL AT HIGHS AND IN RESULT WE MAY SEE FLAT CLOSING.

TODAY NIFTY MAY OPEN ABOVE 6000 AND GET RESISTANCE @ 6070. TRADERS CAN WATCH SUPPORT LEVELS AND TRADE.

NIFTY SPOT LEVELS:
Pivot: 6001
Support: 5960/5930/5890
Resistance: 6030/6070/6100

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
VALECHAENG EQ: BUY > 32 TRG 34 S; 30.50
DELTACORP EQ: BUY > 84 TRG 87/89 SL 82
ANDHRA BANK EQ: SELL < 60 TRG 57.50 SL 62.50

13-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS VOLATILE WITH PARTLY SHORTS COVERING. FIIs ARE LONG IN EQUITY AND OPTIONS SEGMENT AS THEIR TRADING STRATEGY. EXCEPT PHARMA ALL INDICES HAVE CLOSED IN RED.  YESTERDAY OUR CPI & IPP DATA IS BETTER THAN EARLIER DATA, BUT IT IS LOWER THAN EXPECTATIONS. THIS DATA WILL NOT BE HELPFUL AS TRIGGER TO NIFTY. SINCE PEER MARKETS HAVE CLOSED IN RED AND CONTINUING THEIR NEGATIVENESS IN TODAYS OPENING SESSION, OUR MARKET ALSO MAY OPEN WITH NEGATIVE BIAS. AS VOLATILITY INDEX IN POSITIVE OUR MARKET MAY BE VOLATILE TILL EUROPE MARKET OPENS.

AS NIFTY DERIVATIVES RANGE IS STILL IN TACT BETWEEN 6000-6300, NIFTY MAY WITNESS BUYING FROM ITS LOWS.   DAY TRADERS CAN GO LONG @ 6000 LEVEL WITH SL @ 5980. 

NIFTY SPOT LEVELS:
Pivot: 6046
Support: 5980/5950/5886
Resistance: 6080/6143/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
BATAINDIA EQ: BUY > 932 TRG 976 SL 907
CANARABANK EQ: BUY > 255 TRG 266 SL 240
IBREA; EQ: BUY > 67 TRG 70 SL 66/64
RELINFRA EQ : SELL < 426 TRG 410 SL 435

12-11-13 MARKET:

MARKET TREND:

YESTERDAY POOR TECHNICALS HAVE PROMPT FOR NEGATIVE CLOSING.  BUT INVESTORS ARE RESPECTING THE VALUE STOCKS (SUCH AS TURN AROUND AND GOOD PERFORMANCE ON QTR AFTER QTR) AND PICKING SELECTIVE STOCKS.  TODAY WE MAY FEEL FLAT MARKET/CONSOLIDATION MARKET AS NIFTY FALLEN 5 DAYS CONTINUE. NIFTY MAY TRY TO TAKE SUPPORT AT 6050 LEVEL.   WE FEEL TRADERS CAN GO LONG WITH 6020/5970 SL.

NIFTY SPOT LEVELS:
Pivot: 6096
Resistance: 6124/6170/6198
Support: 6050/6022/5977

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
INDIACEMENT EQ: BUY > 55 TRG 61 SL 51
ZEE ENT EQ: BUY > 277 TRG 289 SL 269
IGL EQ: BUY > 280 TRG 287 SL 272

11-11-13 MARKET TREND:

OUT OF REACH TO SYSTEM. MAY NOT BE ABLE TO REPORT ON 11-11-13.

08-11-13 MARKET:

MARKET TREND:

OUR NIFTY PLAYED WELL VOLATILE AND CLOSED WITH MINUS, EVEN THOUGH, ALL EUROPE MARKETS GIVEN AWAY THEIR GAINS OF EARLIER DAY. OUR MARKET WITNESSED BOTTOM FISHING BY TRADERS.  AS DAY TRADERS SENTIMENT WILL BE INFLUENCED BY PEER MARKETS, OUR MARKET ALSO MAY OPEN WITH NEGATIVE BIAS. BUT DAY TRADERS CAN BUY FROM LOWS AROUND 6140/6120 LEVEL WITH STOP LOSS OF 6105/6080.  SINCE TODAY IS WEEK END AND UNCERTAINTY PREVAILED IN PEER MARKETS, MOST OF OUR TRADERS MAY NOT HOLD MUCH POSITIONS AND LIKELY TO BOOK PROFIT WITH LESSER MARGINS.  POSITIONAL TRADERS CAN TAKE 6300 CE WHEN EVER NIFTY PLAYING AROUND 6150/6100 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6219
Support: 6140/6118/6040
Resistance: 6257/6337/6365

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HEXAWARE EQ: SELL < 133.50 TRG 132.50/131.50 SL 134.50
KTKBANK EQ: BUY >100 TRG 104 SL 97
TATA STEEL EQ: BUY > 342.50 TRG 353 SL 335

07-11-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS MOVED AND CLOSED AS WE MENTIONED IN OUR REPORT.  SINCE EUROPE POSITIVE DATA IN POSITIVE ALL EUROPE WAS CLOSED IN GREEN. AS YESTERDAY TRADING VOLUMES ARE NOT MUCH TO SUPPORT ABSOLUTE BEARISH TREND. TODAY/COUPLE OF DAYS MARKET MAY BE RANGE  BOUND TILL THE SIZABLE SHORTS  BUILD UP IN THIS ATTEMPT NIFTY MAY TRY AGAIN THE RECENT HIGH.  

SINCE PEER MARKETS STARTED IN NEGATIVE BIAS OUR NIFTY ALSO MAY OPEN WITH FLAT/NEGATIVE BIAS AND LIKELY TO GET SUPPORT @ 6230 LEVEL. DAY TRADERS CAN GO LONG WITH 6190 SL AND YESTERDAYS HIGH MAY RESISTANCE FOR NIFTY.

NIFTY SPOT LEVELS:
Pivot: 6231
Resistance: 6254/6292/6315
Support: 6193/6170/6132

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDEA EQ: BUY > 168 TRG 171.50 SL 166
NTPC EQ: BUY > 150 TRG 155 SL 148
HINDALCO EQ: SELL < 116 TRG 114/112 SL 118

06-11-13 MARKET;

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS.  NIFTY HAS CLOSED BELOW THE CHANNEL LINES WITH BEARISH CANDLE.  BUT WITH INFLUENCE OF POSITIVE NEWS LIKE CLEARANCE OF PENDING PROJECTS BY CENTRAL GOVT AND POSITIVE RATING BY CREDIT AGENCIES, MID CAP INDEX STOCKS HAVE SUSTAINED POSITIVE MOVEMENT. SINCE YESTERDAY IS 1ST NEGATIVE CANDLE AFTER MARKET TOUCHING RECENT HIGHS, TRADING POSITIONS WILL BE GET ADJUSTED AND IN RESULT TODAY NIFTY MAY MOVE NARROWLY. 

TILL EUROPE MARKET OPENS, MARKET MAY MOVE FLAT TO NEGATIVE BIAS AND WILL TAKE LEAD FROM EUROPE MARKET. MOSTLY MARKET WILL BE CLOSED FLAT TO NEGATIVE. SINCE FIIs ARE MOSTLY AT ARBITRAGE TRADE, (FIIS ARE BUYING WHEN EVER MARKET SENTIMENT IS WEAK AND SELLING WHEN EVER TECHNICALLY BETTER) DAILY TRADES MAY PREFER CE/PE TO LIMIT THEIR TRADING RISKS. NIFTY LIKELY TO GET RESISTANCE @ 6290 LEVEL.  TRADERS CAN GO SHORT WITH 6340 SL.  TILL THE NIFTY REACHES 6080/6120 LEVEL NIFTY WILL BE AT SELL AT HIGHS ONLY, UNLESS VOLUME BREAK COMES IN TO WAY.

NIFTY SPOT LEVELS:
Pivot: 6267
Resistance: 6291/6338/6351
Support: 6230/6205/6170

NIFTY FnO BAN: NIL

STOCKS FOR DAY: 
KOLTEPATIL EQ: BUY > 84.50 TRG 87.50/90 SL 82
ADANI ENT EQ: SELL < 200 TRG 194/188 SL 209 ( IF OPENS > 208 SELL < 222)
POWERGRID EQ: SELL < 96 TRG 94 SL 99
ACL EQ: SELL < 187 TRG 185 SL 189

05-11-13 MARKET:

MARKET TREND:

AT MURAT NIFTY SHINED AS GOOD AS DIWALI LIGHTS.  BUT IT COULD NOT CRACK ALL TIME HIGH.  SINCE MURAT TRADING DURATION IS LIMITED, WE CAN'T CONSIDER ANY TECHNICALS ON THESE GROUND.   IF WE CONSIDER FRIDAY TRADES, MARKET LOOKS LIKE SELL AT HIGHS.  NIFTY DERIVATIVES RANGE HAS BEEN WIDENED TO 6300 TO 6400. WHICH INDICATE MORE VOLATILITY. SINCE LAST WEEK NIFTY STOCKS (ONLY FEW CONTRIBUTED) PERFORMANCE IS NOT MUCH REMARKABLE, PROFIT BOOKING ALSO MAY BE LIMITED.

TODAY NIFTY LIKELY TO START WITH NEGATIVE BIAS IN LINE WITH PEER MARKET WHO ARE WAITING FOR THEIR CENTRAL BANK ANNOUNCEMENTS.  SINCE OUR TRADERS ARE IN  UPBEAT, ANY POSITIVE OPENING BY EUROPE WILL LEAD THE MARKET TO NEW HIGH.   DAY TRADERS CAN GO SHORT AT 6355/6360 LEVEL WITH 6380 SL 

NIFTY SPOT LEVELS:  
Pivot: 6309
Resistance: 6331/6355/6377
Support: 6285/6263/6240

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RELINFRA EQ: BUY > 448 TRG 463 SL 438
PTC EQ: BUY > 57 TRG 58/59 SL 55.75
SAIL EQ: BUY > 61.15 TRG 62.50 SL 60.50
UBL EQ: SELL < 904.50 TRG 876 SL 922

DIWALI GREETINGS

WE WISH ALL OUR VISITORS AND CUSTOMERS TO HAVE GREAT TRADES IN THIS "SAMVAT 2070"

PUSHPA & RAMESH
MASTER OM HARIK

ROARINGSTOCKS

DHANAVARSHINI INVESTMENT SERVICES

# 9290679273 & 9885854321

01-11-13 MARKET:

MARKET TREND:
YESTERDAY MARKET HAS HIT THE NEW HIGH ALONG WITH GOOD OPEN INTEREST.  BUT FIIs ARE AT SELL SIDE IN DERIVATES AND LONG IN EQUITY SEGMENT.  THIS INDICATE PORTFOLIO MANAGERS ARE ACTIVE IN RE-BUILD THEIR PORTFOLIOS.  STOCK SPECIFIC ACTION MAY CONTINUE FOR SOME MORE TIME WITHOUT MUCH BAND BAZA.
TODAY MARKET MAY OPEN FLAT IN LINE WITH PEER MARKETS AND MAY FACE RESISTANCE @ 6330 LEVEL.  SINCE TODAY IS WEEK END AND LAST DAY FOR HINDU CALENDER YEAR. WE ADVISE TO TRADE WITH CAUTION.

NIFTY SPOT LEVELS:
Pivot: 6281
Resistance: 6327/6354/6400
Support: 6253/6208/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDFC EQ: BUY > 104.80 TRG 107.50 SL 103
HINDALCO EQ: BUY > 114.50 TRG 117 SL 112
DELTACORP EQ: SELL < 87.75 TRG 86/84 SL 90
RELINFRA EQ: BUY > 431 TRG 435 SL 427

31-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS, BUT IT HAS FORMED SHOOTING STAR BEARISH CANDLE.  THIS INDICATES SELL AT HIGHER LEVELS. ALSO AS TODAY IS THE NEAR MONTH SETTLEMENT DAY, WE MAY WITNESS VOLATILITY. 

TODAY MARKET MAY OPEN FLAT WITH NEGATIVE BIAS AND YESTERDAYS HIGH MAY ACT AS RESISTANCE TO NIFTY.

NIFTY SPOT LEVELS:
Pivot: 6248
Resistance: 6273/6294/6320
Support: 6226/6201/6180

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
DIVIS EQ: SELL < 981 TRG 963 SL 991
BATA EQ: SELL < 891 TRG 851 SL 923
DELTACORP EQ : BUY > 82 TRG 86.50/94 SL 75

30-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET ACTION IS VERY TECHNICAL AND SENTIMENTAL. AS ONLY ONE DAY AWAY FOR NEAR MONTH DERIVATIVES CLOSING, TODAY NIFTY MAY FACE VOLATILITY.   SINCE, ALMOST ALL MAJOR CORP ORATES' RESULTS ARE  OVER AND EQUITY PORTFOLIOS HAVE BEEN RESTRUCTURED ACCORDINGLY,  WE MAY WITNESS PROFIT BOOKING FROM POSITIONAL TRADERS AT HIGHER LEVELS.

IN LINE WITH PEER MARKETS AND CONTINUE TO YESTERDAYS PULL BACK, MORNING HOURS WE MAY SEE NIFTY AT HIGH AND LIKELY TO GET RESISTANCE @ 6280/6300 LEVEL.  TRADERS CAN GO SHORT WITH 6320 SL.

NIFTY SPOT LEVELS:
Pivot: 6176
Resistance: 6272/6324/6422
Support: 6124/6027/5975

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ARVIND EQ: BUY > 105 TRG 110 SL 102
TINPLATE EQ: SELL < 47 TRG 44.75 SL 48.50
GAEL EQ: BUY > 26.25 TRG 28.50 SL 24.75
DISHMANPHARMA EQ: BUY > 62.50 TRG 65.50 SL 60.75

29-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WITNESSED ROLLOVERS OF DERIVATIVE POSITIONS AND PROFIT BOOKING IN WEAKER STOCKS.  EVEN THOUGH OUR PSU BANKS AND BROKERS ARE EXPECTING REPO RATE INCREASE FROM RBI, IT HAS BEEN FACTORED BY MARKET.   BUT FINANCIAL ANALYSTS ARE  NOT EXPECTING ANY RATE INCREASE AND IT MAY BE FACT, AS RBI FORECAST POOR GROWTH. IF ANY POSITIVE MOVE BY RBI, CAN BOOST THE BREADTH OF THE MARKET, THERE IN WE CAN SEE POSITIVE CLOSE.  ALSO WE MAY WITNESS BUYING BY FIIs AS THEY ARE USED TO EN-CASH POOR SENTIMENT OF OVERALL MARKET (TECHNICALLY).

TODAY MARKET MAY OPEN FLAT AND WITNESS BUYING AT LOWS 6070/6040 LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6121
Resistance: 6149/6195/6223
Support: 6070/6046/5999

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HDFC EQ: BUY > 813/818 TRG 825 SL 805
KALYANISTEEL EQ: BUY > 48 TRG 50 SL 46.50
RELINFRA EQ: SELL < 416.50 TRG 408 SL 422

STRESS TO BROKING INDUSTRY

Stressed broking industry seeing a shake-up

Almost 500 stock brokers have shut shop so far this year

28-10-13 MARKET:

MARKET TREND:

FRIDAY MARKET WITNESSED SQUARE OFF POSITIONS TO GET PREPARE FOR THIS WEEK EVENTS. AS CASH FLOWS ARE IN TACT AND EXPECTING  MARKET WILL BE 'ALL IS WELL'  SITUATION, MARKET MAY FACE VOLATILITY AND IF IT NOT ABLE TO CLOSE ABOVE 6200, WE MAY WITNESS SOME SELLING PRESSURE. 

AS DERIVATIVES PREMIUM IS DISCOUNT AND PEER MARKETS HAVE OPENED POSITIVE, OUR MARKET MAY OPEN WITH POSITIVE BIAS.  WE SEE 6170/6180 AS RESISTANCE TO MARKET TO COUNTER GRAVESTONE DOJI, WHICH FORMED ON FRIDAY. 

NIFTY SPOT LEVELS:
Pivot: 6149
Support: 6120/6100/6073
Resistance: 6170/6100/6070

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 284.50 TRG 289 SL 281
BIOCON EQ : SELL < 336 TRG 327 SL 342
RIL EQ: BUY > 885 TRG 892 SL 879

25-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET GOT ANOTHER CONSOLIDATION WITH POOR TECHNICALS.   BUT OVERALL MARKET UP TREND WAS NOT YET DISTURBED.  NIFTY DERIVATIVES SUPPORT AGAIN MOVED TO 6000 LEVEL FROM 5700, AND THIS INDICATE CASH FLOWS ARE IN TACT AND CAN MARKET CAN GET SUPPORT AT LOWER LEVELS.

NIFTY MAY OPEN WITH POSITIVE NOTE AND DAY SUPPORT CAN GET @ 6120/6080 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 6187
Resistance: 6230/6296/6340
Support: 6120/6077/6011

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
ADANI PORT EQ: SELL < 156 TRG 150 SL 160
GODREJIND EQ: SELL < 286 TRG 279 SL 290
FEDERALBAND EQ: BUY > 81 TRG 84-86 SL 79
BIOCON EQ: BUY > 340 TRG 345 SL 336

24-10-13 MARKET

23-10-13 MARKET:

MARKET TREND:

YESTERDAY ALSO MARKET WENT ON CONSOLIDATION.  MIDCAP & SMALL CAP STOCKS HAVE BECOME ACTIVE ON BOARD AND CONTRIBUTED BREADTH TO MARKET, ALONG WITH PUSHING THE MARKET TO OVER BOUGHT ZONE. SURPRISINGLY NIFTY DERIVATIVES SUPPORT HAS BEEN PUSHED TO 6100 FROM 5700 LEVEL. IN A CONTRA WE WITNESSED LOW VOLUMES, REDUCED OPEN INTEREST AND POOR CASH FLOWS.  THIS INDICATES THAT, NIFTY WILL GET SELLING PRESSURE AT HIGHER LEVEL, UNLESS TRADERS GOES FOR BUYING RAMPAGE WITH GOOD VOLUMES.

TODAY NIFTY MAY OPEN FLAT IN LINE WITH OTHER ASIAN MARKETS. NIFTY MAY GET RESISTANCE @ 6240/6260 LEVEL

NIFTY SPOT LEVELS:
Pivot: 6202
Resistance: 6221/6240/6260
Support: 6183/6163/6145

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLOTYRES EQ: BUY> 69.50 TRG 71.50 SL 68
RPOWER EQ: BUY > 75.75 TRG 78.25  SL 73.80
DABUR EQ: BUY > 176 TRG 182 SL 172.75
CIPLA EQ: SELL < 414 TRG 408 SL 419

22-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET MOVED AS PER EXPECTATIONS.  MID CAP ACCUMULATION WAS WITNESSED ALONG WITH SHORTS IN LARGE CAP INDICES.  SINCE MARKET IS IN UPTREND DUE TO CASH FLOWS, MARKET MAY WITNESS CORRECTION/PROFIT BOOKING WITHIN THIS WEEK.   DURING THIS CORRECTION MARKET WILL PREPARE FOR 31st IS DERIVATIVES SQUARE OFF AND MOORAT TRADING ON 3rd.  BY THAT TIME STRIPS WILL SETTLED WITH ITS REAL VALUES, SHORT TERMS TRADERS MAY BOOK PROFITS AND GET READY FOR MOORAT TRADING.

TODAY MARKET MAY OPEN WITH NEGATIVE INLINE WITH PEERS AND GET SUPPORT 6170/6180 LEVEL AND MAY CLOSE POSITIVE.

NIFTY SPOT LEVELS:
Pivot: 6195
Resistance: 6228/6251/6284
Support: 6173/6140/6117

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
NBCC LTD EQ: BUY > 116 TRG 122 SL 112
KARURVYSYA EQ: BUY > 342 TRG 347 SL 338
RICOAUTO EQ: BUY > 6.50 TRG 7.50/8.15 SL 5.95

21-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET TECHNICALS WERE DOMINATED BY CASH FLOWS AND GIVEN PLUS TO NIFTY.   SINCE VOLUMES CAN TURN THE TABLE, WE ALWAYS SUGGEST TO TRADE WITH STOP LOSS ONLY. TODAY WE MAY WITNESS ONE MORE DAY OF CONSOLIDATION WITH RESISTANCE AT 6240. ALSO, WE ARE WITNESSING PROFIT BOOKING BY TRADERS, WHEN EVER MARKET BECOME POSITIVE IN TECHINCALS, YOU MAY BE KEEP ALERT AT HIGHER LEVELS.

NIFTY SPOT LEVELS:
Pivot: 6154
Resistance: 6236/6284/6367
Support: 6106/6023/5975

NIFTY FnO BAN:  NIL

STOCKS FOR DAY:
IRB EQ: BUY > 78.50 TRG 80.00/81.50 SL 77
MMTC EQ: BUY > 50 TRG 51 SL 49
DB REALITY EQ: BUY > 62.80 TRG 66 SL 60.75

18-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET MOVED AS PER EXPECTATIONS ALONG WITH IMPROVED BREADTH AND VOLATILITY. SO FAR CORP. RESULTS ARE ENCOURAGING AND GIVING HOPE OF ATTRACTING INVESTMENT IN EQUITIES, MORE THAN TRADING SEGMENT OF DERIVATIVES.  FIIs HAVE BOUGHT MORE THAN 2K CR. IN LAST 2 DAYS AND AS THE WEAK END TODAY TRADE MAY WITNESS SOME PROFIT BOOKING IN THIS SEGMENT.  NEWS ON BANKS DEPOSITS AND ADVANCES ARE ENCOURAGING, BANK INDEX MAY GO FOR SOME MORE CORRECTION AND GET CONSOLIDATE AS ITS QTR. RESULTS FLOWS.

SINCE OUR PEER MARKETS STARTED POSITIVE, OUR NIFTY ALSO LIKELY TO START POSITIVE AND WITNESS AT HIGHER LEVEL. NIFTY MAY GET RESISTANCE AT 6120/6140 LEVEL AND END OF THE DAY MARKET MAY CLOSE FLAT.

NIFTY SPOT LEVELS:
Pivot: 6063
Resistance: 6094/6141/6172
Support: 6015/5980/5935

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 272 TRG 277 SL 269
GODREJIND EQ: BUY > 278 TRG 282 SL 275
FRL EQ: BUY > 78 TRG 81/84 SL 75
DABUR EQ: SELL < 168 TRG 165 SL 170

17-10-13 MARKET:

MARKET TREND:

TUESDAY MARKET WAS DOMINATED BY NEGATIVE NEWS (US STALEMATE AND RBI'S REPO RATE ON 29TH OCT) AND DEVALUED TECHNICAL STRENGTHS.   BUT FIIs ARE IN LONG SIDE BY VALUING TECHNICALS.  SINCE 'US' DEBIT ISSUES HAVE BEEN GETTING SOLVED, OUR MARKET ALSO MAY RESPOND POSITIVELY.

TODAY MARKET OPEN FLAT AND MAY WITNESS SELL AT HIGHS   UNLESS MARKET SUSTAIN ABOVE 6160 WE CAN'T BE ON BULL SIDE.   TODAY MARKET MAY GET RESISTANCE AT 6140/6150 AND CLOSE FLAT TO NEGATIVE.

NIFTY SPOT LEVELS:
Pivot: 6100
Resistance: 6145/6200/6244
Support: 6045/6000/5945

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
UTTAMGALVA EQ: BUY > 57 TRG 58.50 SSL 55.75
WIPRO EQ: BUY > 511 TRG 518 SL 503
HINDALCO EQ: SELL < 114 TRG 107 SL 116

15-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS OVERLOOKED NEGATIVE DATA OF INFLATION AND  CLOSED POSITIVE.  ROW OF GOOD QTR. RESULTS & OUR FM TEAM'S PROTEST AGAINST IMF FORECAST, NEWS REGARDING ALLOWING FOREIGN BANKS AND POSITIVE EXPECTATION ABOUT 'US' POLITICAL IMPASSE ALSO HAS TAKEN VERY WELL BY OUR TRADERS AND BETTING ON MARKET.   SINCE, NIFTY DERIVATIVES DATA IS MUCH ENCOURAGING/BETTER THAN EARLIER, WE MAY WITNESS NEW HIGHS.   

TODAY MARKET MAY OPEN WITH GAP UP AND TRY TO GIVE ONE MORE POSITIVE CANDLE TO HANGMAN CANDLE, WHICH CREATED ON 11TH.  IF NIFTY OPENS ABOVE 6140, NIFTY MAY GET RESISTANCE @ 6230.

NIFTY SPOT LEVELS:
Pivot: 6107
Resistance: 6130/6148/6171 (6230 may act day resistance)
Support: 6089/6065/6047

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RPOWER EQ: BUY > 72.80 TRG 74.80 SL 71.50
DELTACORP EQ: BUY > 74.75 TRG 78.75/82 SL 71.40
RELINFRA EQ: BUY > 415 TRG 424/430 SL 408

14-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET HAS NOT GIVEN MUCH BREAK TO BULLS. TECHNICALLY IT HAS LEFT MIXED TREND (HANGMAN).   ONLY TODAY'S CLOSE AND WPI DATA CAN GIVE THE DIRECTION TO MARKET.
TODAY MARKET MAY OPEN FLAT AND WAIT FOR WPI TRIGGER.  NIFTY MAY GET RESISTANCE 6120/6145 AND GET SUPPORT @ 6000 / 6060 LEVELS FOR DAY.

NIFTY SPOT LEVELS:
Pivot: 6083
Resistance: 6120/6145/6181
Support: 5059/6022/5998

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
UCOBANK EQ: BUY > 66.57 TRG 69.35 SL 65
JAINIRRIGATION EQ: SELL < 61.50 TRG 60.15 SL 62.75
COALINDIA EQ: SELL < 287 TRG 280/276 SL 293

11-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS WITNESSED ANOTHER CLASSIC MOVEMENT.  YESTERDAY MARKET THROUGHN TECHNICALLY CHALLENGE TO TRADERS.  YESTERDAY VOLUMES ARE LOW, RSI NEGATIVE DIVERGENCE AND VOLATILITY, TODAY MARKET EVENTS LIKE INFY RESULTS, MAJOR INDICES PERFORMANCE AND TODAY'S IPP DATA IS THE KEY CHALLENGES FOR THE MARKET. TODAY MARKET WINNERS SHOULD BE A ABSOLUTE KNOWLEDGE D OR LUCKY MAN.   TODAY MARKET MAY WITNESS DOUBLE COVERAGE OF SHORTS (WHICH MAY HELP FOR NEW HIGHS) OR CRACK DOWN TO GIVE HANDSOME PROFITS TO  SHORTS.

NIFTY SPOT LEVELS:
Pivot: 6012
Resistance: 6043/6066/6097
Support: 5869/5957/5935

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
NMDC EQ: BUY > 130 TRG 133 SL 127.50
NATCOPHARMA EQ: BUY > 658 TRG 724 SL 631
NIITTECH EQ: BUY > 299 TRG 308 SL 292.50

10-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET HAS MOVED AS PER OUR EXPECTATIONS WITH TECHNICALLY MIXED STRENGTH.  KEEPING THE TOMORROW EVENTS (INFY RESULTS AND IPP DATA IN EVENING SESSION) NIFTY IS BOUND TO INCREASE ITS VOLATILITY.  SINCE NIFTY DERIVATIVES' RANGE IS BEING SET BETWEEN 5700-6100, MARKET UPSIDE MAY BE LIMITED.  AS ECONOMISTS ARE NOT EXPECTING GOOD FIGURES FROM IIP DATA, SHORTS MAY BE WITNESSED AT UPPER LEVEL.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH ASIAN PEER MARKETS. NIFTY MAY GET SUPPORT @ 5960/5920 LEVEL AND MAY CLOSE WITH POSITIVE NOTE.

NIFTY SPOT LEVELS:
Pivot:5966
Resistance: 6056/6105/6194
Support: 5917/5828/5780

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
SUPRAJITENG EQ: BUY > 33.75 TRG 35.50 SL 32.50
HINDALCO EQ: SELL < 119.50 TRG 118/117 SL 121
RELINFRA EQ:  BUY > 408.75 TRG 418 SL 403
DELTACORP EQ: BUY > 68 TRG 71 SL 66

09-10-13 MARKET:

MARKET TREND:

WEEKLY EVENTS AND Rs. MOVEMENT INFLUENCING EQUITY MARKETS. NIFTY GETTING ADJUSTED ACCORDING TO INDIVIDUAL STRIP VALUES AND ITS FUTURE PROSPECTS. SINCE INDIVIDUAL STRIPS ARE GETTING VALUE ADJUSTMENTS, TRADING TECHNICALLY IS NOT EASY TASK AND ADVISE THE TRADERS TO BOOK PROFITS AS IT COMES, INSTEAD OF LISTENING TO TECHNICAL SUPPORT AND RESISTANCE LEVELS.

TODAY MARKET LIKELY TO  OPEN WITH NEGATIVE BIAS AND NIFTY MAY GET SUPPORT AT 5870/5830 LEVEL AND CAN GO LONG WITH YESTERDAYS LOWS.

NIFTY SPOT LEVELS:
Pivot: 5941
Resistance: 5969/6010/6038
Support: 5900/5872/5830

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
IDEA EQ: BUY > 179.75 TRG 185.75 SL 176
COALINDIA EQ: SELL < 297 TRG 293/290 SL 301
IBREAL EQ:  BUY > 56.75 TRG 58.50 SL 55.50

08-1013 MARKET:

MARKET TREND:

YESTERDAY IS ANOTHER DAY OF CONSOLIDATION.  EUROPE AND US MARKETS HAVE GONE FOR PROFIT BOOKING ON VARIOUS REASONS LIKE CONTINUE OF US SHUTDOWN ETC.   BUT OUR NIFTY HAS RECOVERED FROM ITS LOWS (THAN EXPECTED) AND CLOSED VERY FLAT.   OUR RBI LIQUIDITY MEASURES HAS GIVEN BOOST TO EQUITY MARKET, EVEN THOUGH Rs. HAS FALLEN AGAINST USD.

TODAY MARKET LIKELY TO OPEN WITH POSITIVE NOTE WITH BANK NIFTY SUPPORT AND MAY LIKELY TO TEST 6000 LEVEL.  

NIFTY SPOT LEVELS:
Pivot: 5881
Resistance: 5939/5967/6023
Support: 5850/5795/5765

NIFTY FnO BAN: NIL

STOCKS TO WATCH FOR DAY:
HINDALCO, JSWSTEEL, APOLLOTYRES, IDFC, IRB,BANK NIFTY

07-10-13 MARKET:

MARKET TREND:
FRIDAY MARKET IS A DAY OF CONSOLIDATION.  NIFTY HAS CLOSED IN CONVINCINGLY i.e. > 5940, EVEN THOUGH IT HAS SUSTAINED > 200DMA.  MONDAY WILL BE DAY OF EITHER WAY (BREAKOUT/BREAKDOWN) MARKET.  THIS WEEK WE HAVE TO OBSERVE IPP DATA, INFOSYS RESULTS AND AS WELL AS US MARKET ABOUT SHUTDOWN.   AS WE ARE ALL OBSERVING FROM LAST FEW DAYS, STOCK SPECIFIC ACTION WILL BE THERE, AS IT IS BECOME,  PROFESSIONAL TRADERS/BULK DEALERS GAME.
MONDAY MARKET MAY OPEN WITH NEGATIVE BIAS AND NIFTY MAY GET SUPPORT AT 5880 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 5914
Resistiance: 5943/5980/6009
Support: 5878/5848/5810

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
RCOM EQ: SELL < 148 TRG 145/143 SL 151
IRB EQ: SELL < 82 TRG 74.50 S; 84
ADANIPORT EQ: BUY > 143 TRG 146.50/150 SL 139

04-10-13 MARKET:

MARKET TREND:

YESTERDAY OUR MARKET HAS ACTED DIFFERENT FROM WORLD MARKET.  TECHNICALLY IT HAS GIVEN VERY GOOD PULL BACK IRRESPECTIVE OF US SHUT DOWN.  AS 2rd QTR. RESULTS ARE WITHIN IN CORNER, PORTFOLIO MANAGERS/MFs LIKELY TO RESHUFFLE THEIR HOLDINGS, SELECTIVE STRIPS WILL PLAY MAJOR ROLL IN INDEX MOVEMENT. 

TODAY NIFTY MAY GET RESISTANCE @ 5990 AND TRY TO HOLD PIVOT OF 5880.

NIFTY SPOT LEVELS:
Pivot: 5877
Resistance: 5951/5992/6066
Support: 5836/5762/5721

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
ITC EQ: SELL < 340 TRG 335 SL 344
IRB EQ: BUY > 79 TRG 81/82 SL 77.50
LIC HSG EQ: BUY > 198 TRG 201 SL 195
BHEL EQ: BUY > 144 TRG 146/149 SL 141

01-10-13 MARKET:

MARKET TREND:

YESTERDAY MARKET WAS IN SELL MODE DUE TO TECHNICAL WEAKNESS AND  INFLUENCE OF PEER MARKETS. TODAY ASIA'S MAJOR MARKETS ON HOLIDAY AND TOMORROW OUR MARKET WILL BE CLOSED AND AFTER YESTERDAYS FALL, MARKET MAY BE SUBDUED WITH LOW VOLUMES. TRADERS MAY BE PREFER TO COVER THEIR POSITIONS (LONG OR SHORTS) AND WAIT FOR NEXT MARKET DAY.  AS NIFTY IS LIKELY TO PLAY BETWEEN 50 AND 200 DMA LEVELS, TILL WE GET 3RD QTR FIGURES, MARKET MAY LITTLE BOREDOM IN COMING WEEK.

TODAY WE MAY WITNESS SELL AT HIGHS AND SUPPORT AT 5700 LEVEL.

NIFTY SPOT LEVELS:
Pivot: 5755
Resistance: 5791/5846/5883
Support: 5699/5662/5607

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
PTC EQ: BUY > 46 TRG 47.50 SL 45
GSPL EQ: BUY > 53.75 TRG 57.40 SL 51.25
DABUR EQ: SELL < 172 TRG 170/168 SL 175

30-09-13 MARKET:

MARKET TREND:

FRIDAY NIFTY HAS BEEN HANDOVER TO BEARS AFTER FIGHTING OVER 2 WEEKS.   20TH SEP. HAS RECORDED FIST LOSS FOR THE BULLS.   SINCE THEN NIFTY IS UNDER PRESSURE/CONSOLIDATION AND FINALLY GIVEN UP 200 DMA SUPPORT.   IF NIFTY GETS SUPPORT AT 5720/5740, MARKET MAY GET SOME CONSOLIDATION AND KEEP THE SHORT TERM UPTREND.  IF 5720 BREAKS, 5600 LEVEL (GAP FILLING AREA) MAY BE THE SUPPORT FOR NIFTY IN SHORT TERM.

TODAY ALL OUR PEER MARKET HAVE BEEN STARTED IN RED ALONG WITH OUR SGX NIFTY.   OUR MARKET ALSO MAY GET OP;EN WITH NEGATIVE BIAS AND MAY FOLLOW DAY PIVOT LEVELS.

NIFTY SPOT LEVELS:
Pivot: 5854
Resistance: 5889/5944/5978
Support: 5798/5764/5708

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IRB EQ: SELL < 80 TRG 75 SL 82
RELINFRA EQ:  SELL < 396 TRG 380 SL 403
TATAMOTORS DVR EQ: BUY > 168 TRG 170 SL 165.75

27-09-13 MARKET:

MARKET TREND:

AS WE INDICATED IN OUR PREVIOUS REPORT, YESTERDAY WE HAVE WITNESSED SELECTIVE STOCKS PICS (LIKE ABG ETC) WITH GOOD VOLUMES. SEPTEMBER SERIES CLOSED POSITIVELY WITH RESPECTABLE PERCENTAGE OF 9% (AFTER TOUGHING ALMOST 20% HIGH). EVEN THOUGH CURRENCY AND RBI ACTIONS NOT SUPPORTIVE TO EQUITY MARKETS OUR NIFTY HAS PERFORMED VERY WELL.  THIS MONTH SERIES LIKELY TO BE VOLATILE AND NEWS DRIVEN, DUE TO ADVANCE TAX AND QUARTERLY RESULTS EXPECTATIONS.

AS TODAY PEER MARKET HAVE OPENED FLAT WITH NEGATIVE BIAS, OUR MARKET ALSO MAY OPEN FLAT  AND AS MARKET IS TECHNICALLY WEAK AND TODAY IS WEEK END, OUR TRADERS MAY GO FOR SOME MORE PROFIT BOOKING AND MARKET MAY CLOSE IN NEGATIVE.  TODAY NIFTY MAY GET SUPPORT

NIFTY SPOT LEVELS:
Pivot: 5888
Resistance: 5912/5941/5965
Support: 5858/5834/5805

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
INOXLEISURE EQ: SELL < 72 TRG 69.50 SL 74
POLARIS EQ: BUY > 125 TRG 130 SL 121
STERTECH EQ: BUY > 19.20 TRG 20/20.50 SL 18.50
ABGSHIP EQ: BUY > 284 TRG 315 SL 267
TATA ELXSI EQ: BUY > 185 TRG 195/200 SL 174
JINDALDRILL EQ: BUY > 159 TRG 170 SL 149

26-09-13 MARKET:

MARKET TREND:

YESTERDAY WAS CLOSED LOWER THAN EXPECTED, BASED ON US BASED NEWS FLOWS. TODAY SEP. DERIVATIVES CLOSES, NATURAL VOLATILITY WILL BE THERE.   AS WE MENTIONED, THIS MONTH NIFTY HAS RAISED ALMOST 20% FROM ITS LOWS (5118 - 6142). AND EVEN YESTERDAY VOLUMES ARE LOW, TRADERS MAY GO  FOR PROFIT BOOKING.  

TODAY MARKET LIKELY TO OPEN NEGATIVE AND NIFTY MAY GET SUPPORT @ 5820/5765 LEVEL.

NIFTY SPOT LEVELS: 
Pivot: 5865
Resistance: 5919/5965/6019
Support: 5820/5765/5720

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
SUNPHARMA ADV EQ: BUY > 127.75 TRG 137 SL 122
HINDALCO EQ: BUY > 115 TRG 119 SL 112.75
RELIANCE EQ: SELL < 855 TRG 836 SL 868
DEWAN HOUSING EQ: SELL < 105 TRG 100 SL 108.50

25-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS IN CONSOLIDATION AND MOVED AS WE EXPECTED.  AS MARKET HAS MOVED FROM 5118 IN THIS MONTH AND IT HAS GIVEN SIZABLE MARGIN FOR SHORT TERM TRADERS, TODAY ALSO WE MAY SEE PROFIT BOOKING IN SELECTIVE STOCKS AND ROLL OVER TO PROSPECTIVE SECTORS. AS PEER MARKETS HAVE OPENED FLAT AND OUR NIFTY ALSO MAY OPEN FLAT TO NEGATIVE BIAS.  SINCE, TODAY'S US DATA IS EXPECTING POSITIVELY, AND OIL PRICES ARE WELL IN CONTROL, EUROPE AND US MARKETS MAY OPEN POSITIVE AND ACCORDINGLY, OUR NIFTY ALSO MAY GO FOR POSITIVE IN THE SECOND SESSION.

TODAY TRADERS CAN GO LONG WITH 5810 STOP LOSS FOR THE TARGET OF 5900/5940.

NIFTY SPOT LEVELS:
Pivot: 5895
Resistance: 5936/5979/6020
Support: 5850/5810/5768

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
DELTACORP EQ: BUY > 69.50 TRG 72/75 SL 66.50
JSWSL EQ: BUY > 726 TRG 737/753 SL 709
HINDALCO EQ: BUY > 113 TRG 118 SL 110
RCOM EQ: BUY > 155 TRG 157 SL 152.50

24-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS SEQUEL OF BEFORE THE DAY SHOW.  SINCE SEP. DERIVATIVE SERIES IS GOING TO END BY 26TH, AND ROLLOVERS HAS TO CONTINUE, MARKET IS LIKELY TO CONTINUE ITS VOLATILITY   AT PRESENT NIFTY RANGE HAS BEEN SET BETWEEN 5700-6000 AND 5840 & 5730 ARE SUPPORTIVE AREAS, MARKET LIKELY TO MOVE ACCORDINGLY.

TODAY MARKET MAY OPEN WITH NEGATIVE BIAS IN LINE WITH PEER MARKETS.  DURING THE DAY WE MAY WITNESS VALUE BUYING AT SELECTIVE STOCKS AND BY THE END OF THE DAY MARKET MAY CLOSE FLAT TO NEGATIVE MARGINALLY.

NIFTY SPOT LEVELS:
Pivot: 5917
Resistance: 5962/6035/6080
Support: 5844/5799/5726

NIFTY FnO BAN: FINNANTECH

STOCKS FOR THE DAY:
POLARIS EQ: BUY > 115 TRG 118 SL 113.50
KALYANI STEEL EQ: BUY > 44 TRG 46 SL 43
GREAVES COTTON EQ: BUY > 57 TRG 59.50 

23-09-13 MARKET:

MARKET TREND:

MARKET WENT FOR CORRECTION IN RESPONSE TO THE RBI INTEREST RATE ANNOUNCEMENTS.   THE SAME ACTION WAS REPORTED BY US ON 19TH AND OUR CUSTOMERS ARE NOT AT LARGE FROM THE MARKET, AND HAS BEEN UTILIZED THE OPPORTUNITY.   TODAY MARKET ALSO WILL START NEGATIVE AND MAY CLOSE WITH NEGATIVE BIAS.   SINCE THIS WEEK IS THE NEAR MONTH DERIVATIVES SETTLEMENT WEEK, MARKET MAY WITNESS VOLATILITY AND SELL AT HIGHS.  TODAY MARKET RANGE COULD BE 5920-6050

NIFTY SPOT LEVELS:
Pivot: 6025
Resistance: 6118/6223/6316
Support: 5920/5827/5721

NIFTY FnO BAN: FINANTECH

STOCKS FOR THE DAY:
GMR INFRA EQ: BUY > 21.10 TRG 22.25 SL 20.30
HDFC EQ: SELL < 811 TRG 780 SL 839

20-09-13 MARKET:

MARKET TREND:

MARKET MAKES MANY SURPRISES.  YESTERDAYS BREAK IS ONE OF THE EVENT.   EVEN THOUGH MANY EXPECTED GAP UP OPENING, MANY MIGHT HAVE NOT EXPECTED SUSTAINING AT HIGH LEVEL.   IN RECENT DAYS MARKET IS REACTING AS, ONE  (1) NEWS IS NOTHING AND TWO (2) ARE TOO MUCH.   YESTERDAY ALSO FED + Rs SUPPORT  + POSITIVE EXPECTATIONS FROM Mr. RAJAN, NIFTY HAS BROKEN ALL HURDLES AND GIVEN POSITIVES.

AS TODAY MAJOR PEER MARKETS ON  HOLIDAY AND FIIs ARE USED TO SELL, WHEN EVER MARKET IS VERY STRONG TECHNICALLY, TODAY MARKET MAY WITNESS PROFIT BOOKING AT 6160 LEVEL AND IF THE RBI ANNOUNCEMENTS ARE BELOW THE EXPECTATIONS, MARKET MAY GO FOR PROFIT BOOKING, TO THE LEVEL OF WEEK OPENING OF 5930

NIFTY SPOT LEVELS:
Pivot: 6099
Resistance: 6159/6202/6261
Support:6056/5997/5954

NIFTY FnO BAN: FINANTEC

STOCKS FOR THE DAY:
HINDZINC EQ: BUY > 128 TRG 131 SL 126.50
GODREJIND EQ: BUY > 295 TRG 299 SL 289.50
BHARATFORGE EQ: SELL < 262 TRG 258 SL 268

19-09-13 MARKET:

MARKET TREND:

FROM LAST 7 DAYS NIFTY IS CLOSING ABOVE 200 DMA AND FORMED FLAG FORMATION.   TODAY'S FED NEWS LIKE HIGH WIND TO FLAG MOVEMENT.  MARKET LIKELY TO OPEN WITH HIGH NOTE AND MAY TEST THE 6000 LEVEL AND CLOSE IN GREEN BY END OF THE DAY.   SINCE, TOMORROW OUR RBI POLICY IS DUE, AND MAIN TASK WILL BE TO HOLD THE CASH FLOWS IN COUNTER TO FED POSITIVES, RBI MAY NOT REDUCE INTEREST RATES (OBVIOUSLY MAY INCREASE INT. RATE MARGINALLY).  BUT TO IMPROVE LOCAL CASH FLOWS AND GIVE LEVERAGE TO DOMESTIC LOANS, MAY REDUCE CRR.  

SINCE, TOMORROW EVENT IS IMPORTANT TO FIIs TO PROJECT THEIR INVESTMENT YIELDS, THEY MAY BE AT SELL SIDE WHICH MAY PUT PRESSURE ON OUR NIFTY AT HIGH LEVEL AND INCREASE VOLATILITY.

TODAY TRADERS CAN GO SHORT WITH 6020 STOP LOSS FOR THE TARGET OF 5880/5890

NIFTY SPOT LEVELS:
Pivot:  5885
Resistance: 5931/5962/6010
Support: 5854/5809/5777

NIFTY FnO BAN: FINANTECH

STOCKS FOR THE DAY:
DISHTV EQ: BUY > BUY 47 TRG 48.50 SL 46.40
IRB INFRA EQ: BUY > 76.25 TRG 78 SL 75
RELIANCE EQ: BUY > 867 TRG 876 SL 860

18-09-13 MARKET:

MARKET TREND:
YESTERDAY MARKET IS DAY OF CONSOLIDATION. TODAY ALSO MARKET MAY BE RANGE BOUND WITH POSITIVE BIAS.   MARKET MAY GET RESISTANCE AT 5890/5920.

NIFTY SPOT LEVELS:
Pivot: 5838
Resistance: 5870/5891/5923
Support: 5817/5785/5765

NIFTY FnO BAN: NIL

STOCKS FOR THE DAY:
HINDALCO EQ: BUY > 113 TRG 115 SL 112
RCOM EQ: BUY > 142 TRG 145 SL 140
SESAGAO EQ: BUY > 180 TRG 185 SL 176

17-09-13 MARKET:

MARKET TREND:

Yesterday our market was not supported by any factors like data, peer market, dollar etc.  Obviously market went for profit booking, without spoiling derivative OI levels.   But for the day Nifty closed with bearish candle.  Since, today also our peer markets have opened with flat note, and traders are likely wait for FED meeting,  our market also may open with flat note and start value buying at low levels. Yesterday Nifty high level and 5770 at lower side, may be kept as stop less and go for trade. 

NIFTY SPOT LEVELS:
Pivot: 5865
Resistance: 5932/6024/6091
Support: 5773/5706/5614

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
APOLLO TYRES EQ: BUY > 65.75 TRG 66.50/67 SL 64.50
INDIAINFO EQ: BUY > 39 TRG 40/41.75 SL 38
JSWSTEEL EQ: BUY > 654 TRG 675 SL 633

16-09-13 MARKET:

MARKET TREND:

TODAY ALL PEER MARKET INDICES ARE IN NORTH SIDE DIRECTION.  OUR MARKET ALSO LIKELY TO OPEN WITH POSITIVE AND MAY GET RESISTANCE 5970/5990.  SINCE, FRIDAY NIFTY CANDLE SHOWS BULLISH REVERSE CANDLE, ONE CAN GO FOR SHORT AT HIGH LEVEL WITH 6020 SL.   TODAY OUR WPI DATA SHOWS ALMOST FLAT, AND PETROL PRICE INCREASE MAY NOT SUPPORT SOME SECTORS, AND FIIs ARE AT LONG SIDE FROM LAST FEW SESSIONS, THEY MAY GO FOR PROFIT BOOKING.

NIFTY SPOT LEVELS:
Pivot: 5853
Resistance: 5882/5914/5944
Support: 5820/5791/5760

NIFTY FnO BAN:NIL

STOCKS FOR DAY:
GSPL EQ: BUY > 51 TRG 53 SL 50
SGJHL EQ: BUY > 61.50 TRG 64.50 SL 60
RELINFRA EQ: BUY > 383 TRG 395 SL 375

13-09-13 MARKET:

MARKET TREND:
YESTERDAY DURING TRADING HOURS, EUROPE'S DATA IS GIVEN MIXED AGAINST THE POSITIVE DATA.  SINCE PEER MARKETS ALSO IN RED, OUR MARKET HAS NOT PULLED BACK AS PER EXPECTATIONS.   SINCE OUR IIP DATA IS IN POSITIVE AND ALSO, LAST 2 DAYS PROFIT BOOKING HAS TAKEN PLACE, TODAY WE MAY WITNESS VALUE BUY IN SELECTIVE STRIPS.  AS TODAY IS LAST WORKING DAY FOR THE WEEK, MARKET MAY BE CLOSED FLAT.
YESTERDAY ALSO, SMALLER MARKET CAP STOCKS HAVE PERFORMED BETTER THAN LARGE CAP STOCKS AND LIKELY TO CONTINUE EVEN TODAY.
TODAY TRADERS CAN GO LONG IN NIFTY WITH 5800 SL FOR THE TARGET OF 5870.

NIFTY SPOT LEVELS:
Pivot: 5866
Resistance: 5917/5982/6032
Support: 5800/5750/5684

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
HONDA SEIL EQ : BUY > 345 TRG 377 SL 318
JINDAL PHOTO EQ: BUY > 93 TRG 100 SL 88
GSS INFO EQ: BUY > 33 TRG 38 SL 31
ADANIPOWER EQ: SELL < 36 TRG 34 SL 37.25

12-09-13 MARKET:

MARKET TREND:

YESTERDAY MARKET IS DAY OF CONSOLIDATION AND PARTIAL PROFIT BOOKING. STILL MR RAJAN'S - RBI NEWS ARE INFLUENCING THE MARKET AND BOOSTING BANK NIFTY AND TRADERS ARE SHIFTING MONEY TO WELL BEATEN SECTORS LIKE INFRA. TODAY AS MOST OF EUROPE DATA EXPECTING POSITIVE AND OUR IIP DATA ALSO WILL BE BETTER THAN PREVIOUS, SHORT TERM TRADERS MAY USE THIS POSITIVE NEWS AND MAY BOOK SOME MORE PROFITS AT EVERY HIGH AND OPEN FOR MARKET VOLATILITY.

TODAY MARKET MAY OPEN WITH POSITIVE NOTE AND MAY GET RESISTANCE @ 5950/5980 LEVEL AND CLOSE WITH POSITIVE AT THE END OF DAY.

NIFTY SPOT LEVELS:
Pivot: 5890
Resistance: 5947/5982/6040
Support: 5865/5798/5764

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
OPTOCIRCUITS EQ: BUY > 25.75 TRG 27.50 SL 24.75
RECL EQ: BUY > 194 TRG 198 SL 191
HDFC EQ: BUY > 818 TRG 824/834 SL 805
RELINFRA EQ: BUY > 375 TRG 384/388 SL 369

11-09-13 MARKET

MARKET TREND:

YESTERDAY MARKET'S TRUMPET VICTORY IS VICTORY OF NEWS DRIVEN MARKET.  IN ONE DAY CORPORATE WORLD NOT CHANGED MUCH. BUT SHARE MARKET GIVEN ITS CONCERN TO NEWS AND HOPES.  IN OUR MARKET RUPEE, TRADE BALANCE POSITIVES HAVE CONTRIBUTED MUCH TO THE WORLD SENTIMENT AND TAKEN THE BEARS TO TASK.  THIS KIND OF GAME CHANGERS CAN'T BE FILTERED BY TECHNICAL ADVISERS AND WILL BE FORCED TO GIVE  POOR PREDICTIONS. EVEN WE ARE NOT EXEMPTED FROM THE TREND REPORT, EVEN THOUGH OUR INDIVIDUAL STRIPS HAVE PERFORMED AS PER OUR EXPECTATIONS. THAT IS REASON ALL WAYS WE ADVISE TO TRADE WITH STRICT STOP LOSS.

TODAY OUR PEER MARKETS OPENED WITH NEGATIVE BIAS AND OUR SGX NIFTY ALSO JOINED THE GANG.  EVEN OUR MARKET ALSO MAY START WITH NEGATIVE BIAS AND GO FOR PROFIT BOOKING IN THE MORNING SESSION AND MAY CLOSE FLAT BY END OF DAY.  5850-5950 MAY BE RANGE FOR THE DAY.

NIFTY SPOT LEVELS:
Pivot: 5846
Resistance:  5955/6013/6122
Support: 5788/5680/5620

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
JIN DALSTEEL EQ: BUY > 237.50 TRG 242 SL 233
AJMERA EQ: BUY > 58.50 TRG 61.50 SL 57
SHRIRAMTRAN EQ: BUY > 553 TRG 585 SL 534
NMDC EQ: SELL < 120 TRG 117 SL 122.50

06-09-13 MARKET:

MARKET TREND:

Yesterday Market welcomed Mr Rajan - RBI New Governor with trumping open.  Even though Nifty has given 280 points within 2 days, Nifty positions are not convincing in Long side.  Still Nifty holding Shorts at higher side.  Yesterdays our PM speech @ G 20 summit indicates that, he knows, why Indian Economy is struggling and (US Tapering etc) what to do.   But he is just like "KARNA" in Mahabharata, even though he is capable, he is ill-fated and accompanied with bad people . Like that, even our PM was knowledgeable,  he could not do anything, because he was forced to leave all his weapons right from 2009.

As our Peer markets have opened flat and expecting poor data from Europe, and due to week end, our market also may close flat, after testing its yesterdays' highs.   Today market may get resistance 5630/5680 levels.

NIFTY SPOT LEVELS:
Pivot: 5590
Resistance: 5628/5664/5702
Support: 5555/5517/5480

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
RELIANCE EQ: BUY > 860 TRG 870/878 SL 852
HINDALCO EQ: BUY > 108 TRG 110/112 SL 106
OPTOCIRCUITS EQ: BUY > 24.75 TRG 25.75 SL 24
OBC EQ: SELL < 160 TRG 142 SL 164

05-09-13 MARKET:

MARKET TREND:

Yesterday, market has responded as per our present Thumb Rule of Buy @ Bad News (Indices) and Sell @ Good News.  Traders have taken advantage of Poor Technical Views and went for selective stocks buy.  Todays market will move against the opening and play volatile in line with peer markets.  As Nifty 5600-5700 shorts are in place, today's range may be between 5450-5650.

NIFTY SPOT LEVELS:
Pivot: 5409
Resistance: 5499/5550/5640
Support: 5357/5267/5216

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
TCI EQ: BUY > 46.50 TRG 47.50/48 SL 46
TATAGLOBAL EQ: BUY > 143 TRG 145.50 SL 141
TTK HEALTH EQ: BUY > 498 TRG 502 SL 494
GANESH HSG EQ: SELL < 48 TRG 45 SL 52.50

04-09-13 MARKET:

MARKET TREND:

Yesterday selling has come more heavily than expected.   We are able to see rush to sell and that is reason market has started selling below than its technical resistance of 5620.  Yesterday's market panic has left the NIfty at its one of the worst technical values. Now days we are witnessing the market movement against technical values (utmost), today also Nifty may get support @ 5280/5250 level.  Since, market sentiment is very weak, unless the market closes above 5500 levels, one should not go for positional trades.

NIFTY SPOT LEVELS:
Pivot: 5415
Support: 5248/5158/4990
Resistance: 5507/5672/5764

NIFTY FnO BAN: NIL

STOCKS FOR DAYS:
HEXAWARE EQ: BUY > 128.5/131 TRG 133.50 SL 128.5/126
HDFC BANK EQ: SELL < 574 TRG 550 SL 591
VOLTAS EQ: SELL < 66 TRG 62 SL 72.5

03-09-13 MARKET:

MARKET TREND:

Yesterday Market has given some more plus to Nifty.  All indices have been closed in Green.  But as we referred specific stocks have bought and sold very nice.   MnM is in red and Mnm Fin in green.  IT sector in Green Infy is red.  Energy sector in Green Tata power in red.  Bank indices is green SBI, HDFC Bank, Kotak are in red. Since Market is in upbeat in line with peer markets, even neglected HSBC's PMI data and Petrol price increase also.  As market is already is in Green for 4 days in row and technical are in advantage, Positional Traders may go for profit booking at higher levels. Nifty may get resistance @ 5620, even though it opens with positive bias.   We advise the traders to book profits at higher levels, but not to go for short.   Now Nifty range is between 5300-5700

NIFTY SPOT LEVELS:
Pivot: 5532
Resistance: 5584/5618/5670
Support: 5498/5445/5412

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
THINKSOFT EQ: BUY > 92 TRG 99 SL 86
HINDALCO EQ: BUY > 107.50 TRG 110.50 SL 105.80
IDEA EQ: SELL < 157 TRG 153/151 SL 162

02-09-13 MARKET REPORT:

MARKET TREND:

TODAY MARKET MAY SURPRISE WITH SELECTIVE STRIPS.   PEER MARKETS ARE IN UPBEAT AND OUR MARKET IS ALSO ON UPSIDE FROM LAST 3DAYS.   OUR GOVT. ACTIONS ARE BEEN WATCHING BY FIIs,PETROL HIKE MAY BE MINUS FOR US AND FIIs READ AS PLUS, AND PICK UP SELECTIVE STRIPS. AS MANY STOCKS ARE SELL AT HIGHS OR WITH NEGATIVE TECHNICALLY, ONLY VOLUME DRIVE CAN BE COMES IN THE WAY FOR POSITIVE CLOSING OF EACH STRIP.   WE ADVISE THE DAY TRADERS TO MAINTAIN STRICT STOP LOSS FOR EVERY TRADE.

TODAY MARKET MAY OPEN POSITIVE AND GO FOR VOLATILITY DEPEND ON HSBC MPI DATA AND CLOSE AROUND 5520

NIFTY SPOT LEVELS:
Pivot: 5442

Support:: 5390/5308/5257
Resistance: 5523/5575/5656

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
POLARIS FIN EQ: BUY > 117 TRG 120 SL 115
HINDZINC EQQ: BUY > 123 TRG 129 SL 117
RELOANCE EQ: BUY > 846/855 TRG 865 SL 834