15-02-2013

NIFTY TREND REPORT:

Yesterday market results, Europe news and technical pulled down the market to much more oversold status along with Nifty OI level to 5700 at lower side. FIIs have covered their longs in Futures and increased their purchase in equity.  As we mentioned yesterday, the stock specific action continued and portfolios are rebuilding. Nifty Vix and $ flows confirm our views. Since, market is oversold cash flows are intact, US market recovery from lows, Asian Markets opened in Red our market also likely open flat. Since market sentiment, technical are become weak any Small News will pulls down the market. Nifty spot 5840/5820 will be key level to pull back rally.

NIFTY SPOT LEVELS:

PIVOT: 5907

SUPPORT: 5874/5851/5818

RESISTANCE: 5930/5963/5986

STOCKS IN FNO BAN:

HDIL; IRB; PUNJLLOYD; RENUKA; SUZLON; WELCORP

STOCKS TO WATCH:

SBI, LNT, DIVIS, IDEA, IDBI, RELCAPITAL; SUNPHARMA; HAVELLS; TCS; JYOTI STRUCTURE; EDUCOMP; DISHTV: BHUSHAN STEEL: CESC: BIOCON:

FINANCIAL TECH: BAJAJ ELEC:

STOCKS ON BUY/SELL:

SHORT TERM AND LONG TERM INVESTORS CAN AVERAGE THEIR VALUE HOLDINGS TILL THE MARKET CLOSES BELOW 5820 LEVEL.

(at market uncertainty day traders' main aim should be protect their capital)

STER 90PE:  BUY @ 0.50 HERO or ZERO

ADANI ENT 240CE:   BUY < 1.00 HERO or ZERO

COAL INDIA  360CE:  BUY > 2.50 TRG 4.00 SL 1.00