22-02-2013

WATCH  BEFORE YOU GO TO HUNT

NIFTY WHERE YOU ARE GOING?

Our Market also followed by Boarder Markets and money out flow (over sold) witnessed from Market. Even though FIIs bought Equity, market breadth is widening, and Nifty Future are in  discount.  This indicate the Value buying ONLY taking place.  Since market is in oversold and all FNO long positions are at minimum level, some pull back may witness. Nifty Spot has support at his 50% retrenchment level @ 5830, market may get support. Market may day range could be between 5820-5900.

NIFTY LEVELS: 
Pivot: 5873
Resistance: 5900/5950/5980
Support: 5820/5795/5745 

NSE FNO BAN LIST:
HDIL, PUNJLLOYD, RENUKA, SUZLON

STOCKS ON VALUE BUY:  
(Stocks almost year lows and quarter results are better than previous)
 Amtek Auto, CCL Products, Gallant Metal, Jyoti Structure, Mirza Int., Tata Metaliks

STOCKS FOR INTRADAY: (Pl trade with strict SL)
 ECE EQ: BUY > 127 TRG 133 SL 119
IFCI EQ: BUY > 32.50 TRG 33.50 SL 31.90
GODREJCON EQ: BUY > 754 TRG 768 SL 745
HDFC BANK EQ: SELL < 669 TRG 661 SL 674
YES BANK EQ: SELL < 492 TRG 478 SL 501