03-04-13
MARKET TREND:
In Market Index rotation started. As we stayed yesterday, FIIs have booked profits and taken advantage of Market Trend. Even though market is in Green from last 4 days, CE open interest dropped to 5900 from 6000. Market is in Green due to mid cap index breadth is widened. Beta stocks are on up move, even ICRA retained its Negative View on METALS AND POWER SECTOR. We again stress and give view, we should not play on only technicals (at present) and observe Fundamental Value of stocks and Prepare to Hold for at least Short Term.
NIFTY SPOT LEVELS:
Pivot: 5730
Resistance: 5773/5797/5840
Support: 5705/5662/5638
NIFTY FnO BAN: NIL
STOCKS TO WATCH: (HOLDING BASIS):
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In Market Index rotation started. As we stayed yesterday, FIIs have booked profits and taken advantage of Market Trend. Even though market is in Green from last 4 days, CE open interest dropped to 5900 from 6000. Market is in Green due to mid cap index breadth is widened. Beta stocks are on up move, even ICRA retained its Negative View on METALS AND POWER SECTOR. We again stress and give view, we should not play on only technicals (at present) and observe Fundamental Value of stocks and Prepare to Hold for at least Short Term.
NIFTY SPOT LEVELS:
Pivot: 5730
Resistance: 5773/5797/5840
Support: 5705/5662/5638
NIFTY FnO BAN: NIL
STOCKS TO WATCH: (HOLDING BASIS):
ITC
(ITC LTD), HDFC (HDFC LTD), CIPLA (CIPLA LTD), BIOCON (BIOCON LIMITED), INFY
(INFOSYS LIMITED), SUNPHARMA (SUN PHARMACEUTICALS IND.), TCS (TATA CONSULTANCY SERV LT), WIPRO
(WIPRO LTD), HCLTECH (HCL TECHNOLOGIES LTD), ADANIPORTS (ADANI PORT & SEZ LTD) APIL
(ALSTOM PROJECTS INDIA LTD), GODREJIND (GODREJ INDUSTRIES LTD), UNIONBANK
(UNION BANK OF INDIA), JUBLFOOD (JUBILANT FOODWORKS LTD), INDUSINDBK (INDUSIND
BANK LIMITED), GMRINFRA (GMR INFRA LTD.)
STOCKS FOR DAY TRADING:
ADANIPOWER EQ: BUY > 43.5 TRG 44.25 SL 42.75
IDBI EQ: BUY > 83.5 TRG 85 SL 82.75
SESAGOA EQ: BUY > 155 TRG 159 SL 152
STOCKS FOR DAY TRADING:
ADANIPOWER EQ: BUY > 43.5 TRG 44.25 SL 42.75
IDBI EQ: BUY > 83.5 TRG 85 SL 82.75
SESAGOA EQ: BUY > 155 TRG 159 SL 152
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