14-02-2013

NIFTY TREND REPORT:

Bulls and Bears are going to celebrate "VALENTINES DAY" by reducing volatility.

Market on BUY at DIPs.  Even though MARKET TECHNICALS are weak, VALUE BUYNG, TODAYS RESULTS & PEER MARKETS can boost this OVER SOLD MARKET.  INDEX buying choice may change based on proposed PETROL PRICES & US SPENDING GUIDELINES.

With 5920 (spot nifty) SL can go long. Since BUDGET is an event for our Indian Market, many kinds of news will be floating and WISE PEOPLE likely to reshuffle their portfolios. Pl keeps in mind below < 5880/5820 levels are open doors for BEARISH.

NIFTY LEVELS (SPOT):

PIVOT: 5942

SUPPORT: 5914/5895/5867

RESISTANCE: 5960/5988/6007

STOCKS ON BUY/SELL (INTRA DAY):

NMDC: BUY > 146 TRG 150 SL 142

ERA INFRA: BUY > 136 TRG 137 SL 135.50

GODREJ INDUSTRIES: BUY > 315 TRG 320 SL 312

ADANI ENT: BUY > 228 TRG 231 SL 223

DIVIS: BUY > 1067 TRG 1079 SL 1058

STOCKS TO WATCH:

(@ IMPORTANT LEVELS TRADE WITH HOLDING BASIS)

DR REDDY, SBI, TATASTEEL, TATAMOTORS, CESC, FEDERAL BANK, LUPIN, UNITED SPIRITS, BAJAJ FINANCE, ESCORTS, DENABANK.