12-04-13
MARKET TREND:
NIFTY SPOT LEVELS:
Pivot: 5583
Resistance: 5622/5650/5690
Support: 5554/5515/5486
NIFTY FnO BAN:
HDIL
STOCKS FOR DAY TRADING:
KALPATARU POWER EQ: BUY > 78 TRG 80 SL 77
GUJAPOLOIND EQ: BUY > 109 TRG 111.50 SL 107
REIAGRO EQ: BUY > 11.25 TRG 11.75 SL 11
STOCKS TO WATCH (POSITIONAL):
IGL, INFY, BIOCON, CIPLA, ADANIPORTS, LUPIN, GODREJIND, DRREDDY, DABUR, COLPAL, SUNPHARMA
MARKET TREND:
Yesterday Bears have fight back and given volatility. Traders seem have changed their strategy, which suitable to range bound market. In range bound market, day traders will be trapped by positional (short term) traders. If market opens negative, market closes in positive and vice s versa positive open gives negative close. That is reason many times (at recent), market will be playing against technicals. If we observe, whenever volatility is there, volumes should be generated. But now a days not happening. Volume break is not coming. Till 5700 level breaks, market will be range bound only. Market range will be between 5500-5700. 5650 (200DMA) may play as resistance.
Pivot: 5583
Resistance: 5622/5650/5690
Support: 5554/5515/5486
NIFTY FnO BAN:
HDIL
STOCKS FOR DAY TRADING:
KALPATARU POWER EQ: BUY > 78 TRG 80 SL 77
GUJAPOLOIND EQ: BUY > 109 TRG 111.50 SL 107
REIAGRO EQ: BUY > 11.25 TRG 11.75 SL 11
STOCKS TO WATCH (POSITIONAL):
IGL, INFY, BIOCON, CIPLA, ADANIPORTS, LUPIN, GODREJIND, DRREDDY, DABUR, COLPAL, SUNPHARMA
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