18-02-2013

 

NIFTY TREND:

FRIDAY MARKET BUSINESS RECORDED NEUTRAL BY REDUCING NIFTY PREMIUM, BREADTH.  TECHNICALS HAVE NOT BEEN IMPROVED.  MARKET MAY BUILD UP LITTLE BIT TO THE NEXT TECHNICAL LEVEL, SINCE DEALERS ARE PICKING UP VALUE STOCKS. WITH 5950 SL CAN GO SHORT. SINCE, BEFORE BUDGET  SESSION POSITIONAL TRADERS LIKELY  TO WAIT AND WATCH, AND DAY TRADERS ARE LIKELY DRIVEN BY NEWS LIKE ECONOMIC SURVEY, BUDGET ALLOCATIONS ETC, STOP LOSS SHOULD BE MAINTAINED STRICTLY. 

NIFTY SPOT LEVELS:

PIVOT: 5880

RESISTANCE: 5907/5926/5953

SUPPORT: 5722/5788/5838

FNO BAN LIST:

HDIL, IRB, PUNJLLOYD, RENUKA, SUZLON AND WELCORP.

WATCH WORTH FOR INTRADAY:

CAIRN 300 PE: BUY @ 2.00 TRG 4.00 SL 1.00

RELIANCE 860 CE: BUY @ 4 TRG 10 SL 2

GODREJCONSUMER EQ; BUY > 719 TRG 735 SL 708

RENUKA EQ: BUY > 27 TRG 28.5 SL 26.50

STOCKS TO WATCH:  (for positional)

lichsg, tatamotors, indiacement, ril, dlf, rpower, bpcl balrampurcinni, stfc, tata motors, mcleorussel. Allbank, videoconind, Igl, dewan hsg, hpcl, sunpharma, havells

Novopan, century plyboard, essel propack, heldelberg, idbibank, prism, nectarlife, mahindralife, gmr, Chambal, anik ind.