20-02-2013
DO WE NEED TRADE DAILY?
MARKET BREADTH WAS SUPPORTIVE WITH OTHER TECHNICAL, MARKET MAY OPEN WITH POSITIVE NOTE. SINCE CE AND PE PREMIUMS ARE EQUALLY DEMANDED AND NIFTY SPOT HAS RESISTANCE @ 5965 LEVEL, BUDGET SESSION IS GOING TO START TOMORROW, POSITIONAL TRADERS MAY NOT CARRY POSITIONS. AT HIGHER LEVEL WE CAN WITNESS SELLING.
NIFTY LEVELS:
PIVOT: 5923
RESISTANCE; 5964/5988/6028
SUPPORT: 5899/5859/5835
FNO BAN LIST:
HDIL, IRB, PUNJLLOYD, RENUKA, SUZLON
STOCKS TO WATCH:
Are we need to trade daily? absolutely not. But we should have watch, to encash opportunities.
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| WHY WE NEED? |
DO WE NEED TRADE DAILY?
MARKET BREADTH WAS SUPPORTIVE WITH OTHER TECHNICAL, MARKET MAY OPEN WITH POSITIVE NOTE. SINCE CE AND PE PREMIUMS ARE EQUALLY DEMANDED AND NIFTY SPOT HAS RESISTANCE @ 5965 LEVEL, BUDGET SESSION IS GOING TO START TOMORROW, POSITIONAL TRADERS MAY NOT CARRY POSITIONS. AT HIGHER LEVEL WE CAN WITNESS SELLING.
NIFTY LEVELS:
PIVOT: 5923
RESISTANCE; 5964/5988/6028
SUPPORT: 5899/5859/5835
FNO BAN LIST:
HDIL, IRB, PUNJLLOYD, RENUKA, SUZLON
STOCKS TO WATCH:
Are we need to trade daily? absolutely not. But we should have watch, to encash opportunities.
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