30-04-13
MARKET TREND:
Yesterday Market Volumes are not par with average. As we expected, market going through consolidation. In this occasion we may recall our (17th April article) TRICKY COMBINATION and Today's Industrial Output Data, may increase hopes on Rate Cut from RBI. Any small Plus in IPP data (previous report -2.5%), will be projected as betterment. Since market is in overbought (short term) range Traders may build up short at highs and sell at good news. Today range could be (spot) 5900 - 5980 with positive bias.
NIFTY SPOT SUPPORT:
Pivot: 5897
Resistance: 5926/5947/5975
Support: 5875/5847/5825
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
Jindal Steel EQ: SEll < 304 TRG 292 SL 314
Dish TV EQ: SELL < 67.50 TRG 66 SL 68
Apollo Tyres EQ: BUY > 94 TRG 98 SL 92
STOCKS TO WATCH - POSITIONAL:
MARKET TREND:
Yesterday Market Volumes are not par with average. As we expected, market going through consolidation. In this occasion we may recall our (17th April article) TRICKY COMBINATION and Today's Industrial Output Data, may increase hopes on Rate Cut from RBI. Any small Plus in IPP data (previous report -2.5%), will be projected as betterment. Since market is in overbought (short term) range Traders may build up short at highs and sell at good news. Today range could be (spot) 5900 - 5980 with positive bias.
NIFTY SPOT SUPPORT:
Pivot: 5897
Resistance: 5926/5947/5975
Support: 5875/5847/5825
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
Jindal Steel EQ: SEll < 304 TRG 292 SL 314
Dish TV EQ: SELL < 67.50 TRG 66 SL 68
Apollo Tyres EQ: BUY > 94 TRG 98 SL 92
STOCKS TO WATCH - POSITIONAL:
ITC , BHARTIARTL, SUNPHARMA, MARUTI, LT, SUNTV, BAJAJ-AUTO
















