21-03-13
MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5707
Resistance: 5732/5770/5795
Support: 5669/5644/5606
NIFTY FnO BAN: HDIL & PUNJLLOYD:
STOCKS TO WATCH:
Take opportunity of pull back and exit positions, before settlement week, where we can expect low volumes, due to less working days and financial year end.
VALUE STOCKS: (LONG TERM HOLDING BASIS)
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| FORCE ONLY CAN BREAK HURDLES |
MARKET TREND:
Market become super sensitive. Market still not in oversold and 6000 CE are having highest OI. But 5600 PE become highest in puts side. As good quantum of Puts have been accumulated and Directional Indicators are in Positive, we can witness Buy at Lows and market may likely to close flat/positive, unless there is any political developments. Yesterday Nifty hold the trend support of 5680. If it taken away, Market may test 5550 or Gap Filling area of 5450 (created in Sep. 12). Above 5680/5710 (spot) can go long with trailing SL of 5668/5705. Since market becomes sensitive, short traders averaging may not be advisable. Long Term Portfolios can be build.
Pivot: 5707
Resistance: 5732/5770/5795
Support: 5669/5644/5606
NIFTY FnO BAN: HDIL & PUNJLLOYD:
STOCKS TO WATCH:
Take opportunity of pull back and exit positions, before settlement week, where we can expect low volumes, due to less working days and financial year end.
VALUE STOCKS: (LONG TERM HOLDING BASIS)
SAIL, BHEL, RECLTD, PFC, IRB INFRA, LT, JINDALSTEL, ADANIENT, SESAGOA, HINDZINC ,
JUBLFOOD, GODREJIND, BHUSANSTL.
JUBLFOOD, GODREJIND, BHUSANSTL.
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