FRESH LOOKOUT CAN PAY BACK! NO NEED OF HANGOVER DOSE!

25-03-13

MARKET TREND:

FRIDAY MARKET HAS GIVEN PAUSE TO FALL.  FRESH LOOKOUT CAN PAYBACK TO DAY TRADERS.  BEARS OVER CONFIDENTLY HOLDING 5700 PE, EVEN THOUGH, NIFTY (SPOT) CLOSED @ 5651.  IF MARKET OPENS WITH GAP UP, BY TAKING CLUES FROM PEER MARKET AND RESPECT THE 200 DMA, BEARS WILL PAY PENALTY FOR HOLDING.  SINCE PUT OI RATIO IS MORE THAN CALL OI RATIO AND ONLY 3 WORKING DAYS REMAIN FOR FnO SETTLEMENT, TRADERS RUSH UP TO COVER PE POSITIONS.

SHORT TERM INVESTORS CAN USE THIS OPPORTUNITY TO AVERAGE AND EXIT POSITIONS.  SINCE DEBIT MARKET IS GETTING CHOPS AND POSITIVE NEWS FROM FINANCE MINISTRY, PORTFOLIO MANAGERS MAY TRY TO USE FUNDS IN CALL MONEY SEGMENT TILL THEY GET CLARITY IN GOVT. ANNOUNCEMENTS AND 4TH QUARTER RESULTS. 

EVEN THOUGH, MONDAY MARKET OPENS AND CLOSES POSITIVE, DUE TO LESS WORKING DAYS AND FINANCIAL YEAR END, MARKET MAY BE CHOPPY IN THIS WEEK.

NIFTY SPOT LEVELS:

PIVOTS: 5658
RESISTANCE: 5685/5718/5744
SUPPORT: 5625/5599/5565

NIFTY FnO BAN: HDIL, IVRCLINFRA, PUNJLLOYD

STOCKS FOR TRADING: (DAY TRADING)
HERO MOTOR: BUY > 1648/1679/1625


STOCKS TO WATCH (SHORT TIME POSITIONAL):
VARDHACRLC, MADRASFERT, FDC, BIRLAMONEY, GSSAMERICA, PHILIPCARB.