08-03-2013
MARKET TREND:
NIFTY MARKET LEVELS:
Pivot: 5848
Resistance: 5894/5924/5970
Support: 5817/5770/5740
NIFTY FnO BAN:
NIL
STOCKS FOR INTRA TRADE:
BPCL EQ: BUY > 395 TRG 398-404 SL 388
IDFC EQ : SELL < 155 TRG 151 SL 157
UNITED PHOS EQ: SELL < 127 TRG 122 SL 129
HINDALCO 100 PE: BUY < 2.00 TRG 4.00 (HERO or ZERO)
JINDAL STEEL 340 PE: BUY < 4 TRG 8 (HERO or ZERO)
STOCKS TO WATCH FOR POSITIONAL:
TECH INDEX
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| BALANCE OF ACTION REQUIRED |
MARKET TREND:
YESTERDAY MARKET HAS PERFORMED BETTER THAN OUR EXPECTATIONS. BUT MARKET BREADTH HAS COME DOWN BY INCREASING DECLINES RATIO. NIFTY OPEN INTEREST DATA INDICATES, SOME MORE UPSIDE LEFT FOR MARKET (5900 CE ON LONG AND 6100 CE ON SHORT SIDE). IF PEER MARKET SUPPORTS MARKET MAY TEST NEXT LEVEL OF 5990. BUT WE SHOULD CAUTIOUS AT HIGHS.
NIFTY MARKET LEVELS:
Pivot: 5848
Resistance: 5894/5924/5970
Support: 5817/5770/5740
NIFTY FnO BAN:
NIL
STOCKS FOR INTRA TRADE:
BPCL EQ: BUY > 395 TRG 398-404 SL 388
IDFC EQ : SELL < 155 TRG 151 SL 157
UNITED PHOS EQ: SELL < 127 TRG 122 SL 129
HINDALCO 100 PE: BUY < 2.00 TRG 4.00 (HERO or ZERO)
JINDAL STEEL 340 PE: BUY < 4 TRG 8 (HERO or ZERO)
STOCKS TO WATCH FOR POSITIONAL:
TECH INDEX
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