22-04-13
MARKET TREND:
Last week market has done good journey and forced Bears to cover their short positions. Presently market support formed at 5600 with base of 5800. Since assets rotation is mood of investors, markets' broader outlook will be major criteria and Long Term Investors are utilizing corporate results time very well. To balance portfolios, Large Cap Stocks may be replaced by Mid Cap Stocks in coming weeks also. Since only 3 working days left for current month derivatives settlement, market may be little volatile. In these 3 working days Bulls and Bears may try for Game Point.
As market ranged between 5600 - 5800 and as per OI Strategy, traders can go for short at highs with 5840/5865 Stop Loss.
NIFTY SPOT LEVELS:
Pivot: 5753
Resistance: 5824/5866/5937
Support: 5712/5641/5599
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
HEROMOTOR EQ: BUY > 1490 TRG 1528 SL 1464
TITAN EQ: BUY > 255 TRG 269 SL 245
STOCKS TO WATCH (POSITIONAL)
APOLLOTYRE, IGL, ONGC, IDFC, BIOCON, ULTRACEMCO, ADANIPORTS, CIPLA, MARUTI,
HDFC, LUPIN, GODREJIND, DRREDDY, TITAN, ITC, DABUR, COLPAL, SUNPHARMA, IDEA,
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