HOW THE TODAY'S MARKET CAN BE?

11-03-2013 

MARKET ALSO NEED PULLEY!

NIFTY TREND:

FRIDAY MARKET HAS GIVEN LOTS OF HOPE TO TRADERS. TECHNICALLY ALL INDICATORS ARE IN POSITIVE SIDE. EVEN MARKET CLOSED ABOVE 50 DMA. ONLY FLAW WE SEE IN,  OI DATA AND INDIA VIX JOURNEY.   WE BELIEVE NIFTY SPOT MAY GET STRONG RESISTANCE AT 6000 LEVEL. BULLS ARE BECOME PARASITE ON PEER MARKETS. UNLESS PEER MARKET SUPPORTS WE CAN'T SEE THE CONTINUITY OF POSITIVE TREND. MARKET RANGE STAYS BETWEEN 5900 - 6000.

NIFTY SPOT LEVELS:
Pivot: 5927
Resistance: 5971/5997/6041
Support: 5901/5857/5832

NIFTY FNO BAN:
HDIL

STOCKS FOR INTRA TRADE:
IGL EQ: BUY > 272 TRG 276-280 SL 268
IDEA EQ: BUY > 115 TRG 117.75 SL 114
RUCHI INFRA: BUY > 22 TRG 22.75 SL 21.70
VOLTAS EQ: SELL < 82 TRG 80 SL 83.50

STOCKS TO WATCH: (POSITIONAL TRADERS)
 DLF (DLF LIMITED), ITC (ITC LTD), ONGC (OIL AND NATURAL GAS CORP.), IDEA (IDEA  CELLULAR LIMITED), HCLTECH (HCL TECHNOLOGIES LTD), HDFC (HDFC LTD), APOLLO TYRE (APOLLO TYRES LTD), WIPRO (WIPRO LTD), INDUSINDBK (INDUSIND BANK LIMITED), TCS (TATA CONSULTANCY SERV LT), BPCL (BHARAT PETROLEUM CORP LT)
PATNI (PATNI COMPUTER SYST LTD), MCDOWELL-N (UNITED SPIRITS LIMITED)
M&M (MAHINDRA & MAHINDRA LTD), INDIACEM (THE INDIA CEMENTS LIMITED)
KOTAKBANK (KOTAK MAHINDRA BANK LTD), DABUR (DABUR INDIA LTD)
INFY (INFOSYS LIMITED), SUNPHARMA (SUN PHARMACEUTICALS IND.)
TECHM (TECH MAHINDRA LIMITED), LUPIN (LUPIN LIMITED), IGL (INDRAPRASTHA GAS LTD), IOC (INDIAN OIL CORP LTD), APIL (ALSTOM PROJECTS INDIA LTD), ASIAN PAINT (ASIAN PAINTS LIMITED), MRF (MRF LTD)