DAY OF PROFIT BOOKING!

02-04-13

ADDING OR PARTING?

MARKET TREND:

YESTERDAY MARKET HAS GIVEN GREEN CANDLE. EVEN THOUGH MARKET BREADTH HAS IMPROVED, VOLUMES ARE VERY LOW AND MIX OF MARKET INDICATORS. SINCE MARKET IN GREEN CONTINUOUSLY FOR 3 DAYS, IN THE EVE OF POOR SENTIMENT, TRADERS MAY GO FOR PROFIT BOOKING AT HIGHS.  DEPEND UPON THE PEER MARKET, NIFTY MAY GET RESISTANCE @ 5725/5745.

NIFTY SPOT LEVELS:
Pivot:: 5700
Resistance: 5725/5745/5770
Support: 5680/5655/5635

NIFTY FnO BAN: NIL

STOCKS TO WATCH: (HOLDING BASIS)

PUNJLLOYD (PUNJ LLOYD LIMITED) , GMRINFRA (GMR INFRASTRUCTURE LTD.) , ITC (ITC LTD) , HDFC (HDFC LTD) , PATNI (PATNI COMPUTER SYST LTD) , IDEA (IDEA CELLULAR LIMITED) , INFY (INFOSYS LIMITED) , ADANIPORTS (ADANI PORT & SEZ LTD) , DABUR (DABUR INDIA LTD) , TCS (TATA CONSULTANCY SERV LT) , GODREJIND (GODREJ INDUSTRIES LTD) , BIOCON (BIOCON LIMITED.) , HCLTECH (HCL TECHNOLOGIES LTD) , IGL (INDRAPRASTHA GAS LTD) , LUPIN (LUPIN LIMITED) , MCLEODRUSS (MCLEOD RUSSEL INDIA LTD.) , APIL (ALSTOM PROJECTS INDIA LTD) , JUBLFOOD (JUBILANT FOODWORKS LTD) , ASIANPAINT (ASIAN PAINTS LIMITED)

STOCKS TO WATCH FOR DAY TRADING:

IFCI EQ: BUY > 26.90 TRG 27.90 SL 26.25

TATA GLOBAL EQ: BUY > 130 TRG 133 SL 128.50

ADANI PORT EQ: BUY > 142 TRG 144.5 SL 138.5