04-03-2013
NIFTY AFTER BUDGET:
Even though Budget day market is nerves, market turns positive with Value Buying and short covering. As Distribution was not improved, Declines are more than advances indicate poor participation of dealers. Since most of the nifty indices are under clouds, there are more chances to drench at any time. Still hope for Nifty Bullish is closing above 5680 in series, Not cutting the previous days' low and Positive Divergence of Movement Indicators. We can be in Buy side till the market above 5680.
MARKET LEVELS:
PIVOT: 5713
RESISTANCE: 5746/5773/5806
SUPPORT: 5686/5653/5627
NSE FNO BAN:
NIL
STOCKS FOR DAY TRADING:
BRITANIA: BUY > 493 TRG 509 SL 484
IGL: BUY > 260 TRG 265 SL 256
GODREJ CONSUMER : 743 TRG 763 SL 730
STOCKS UNDER WATCH: (ON HOLD BASIS)
KAKATIYA CEMENTS, TITAN, VIJAYA SHANTI BUILDERS, ADHINIK METALS, GEOMETRIC
GRAPHITE, SUVENLIFE, SUZLON, UBI, GABRIEL, MUKAND, ONMOBILE, STERLITE
 |
| HAVE POSITIVE THINK BUT SHOULD NOT BE BLIND |
Even though Budget day market is nerves, market turns positive with Value Buying and short covering. As Distribution was not improved, Declines are more than advances indicate poor participation of dealers. Since most of the nifty indices are under clouds, there are more chances to drench at any time. Still hope for Nifty Bullish is closing above 5680 in series, Not cutting the previous days' low and Positive Divergence of Movement Indicators. We can be in Buy side till the market above 5680.
MARKET LEVELS:
PIVOT: 5713
RESISTANCE: 5746/5773/5806
SUPPORT: 5686/5653/5627
NSE FNO BAN:
NIL
STOCKS FOR DAY TRADING:
BRITANIA: BUY > 493 TRG 509 SL 484
IGL: BUY > 260 TRG 265 SL 256
GODREJ CONSUMER : 743 TRG 763 SL 730
STOCKS UNDER WATCH: (ON HOLD BASIS)
KAKATIYA CEMENTS, TITAN, VIJAYA SHANTI BUILDERS, ADHINIK METALS, GEOMETRIC
GRAPHITE, SUVENLIFE, SUZLON, UBI, GABRIEL, MUKAND, ONMOBILE, STERLITE
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