INFLUENCE. DO NOT BE INFLUENCED!

04-04-13

unless you evaluate.......

MARKET TREND:

At recent, Market playing against Technicals, due to Indices Rotation and News Driven. Due to poor sentiment, traders have hit the Negative viewed/newsed stocks to bottom.  Since, Corporates' Yearly Performances are in way, Professional Traders and Portfolio Managers are encashing Low PE Ratio stocks and doing value buy in midcap. From last 1 week, we are also giving positional buy stocks, which have given very reasonable profits. Also, due to Korean Tensions FIIs will be in buying pause (at peer markets) and carry the poor influence to our market also.   We should be on long only till the 5600 (nifty spot) holds, Above 5700/5730, we should not be in short side at all.

NIFTY SPOT SUPPORT:

Pivot: 5689
Resistance: 5728/5784/5823
Support: 5634/5594/5539

NIFTY FnO BAN: NIL

STOCKS FOR DAY TRADE:

RPOWER EQ: BUY > 64.50 TRG 68.50 SL 62.50
BHEL EQ: BUY > 180 TRG 184 SL 177
HDIL EQ: BUY > 49.50 TRG 52 SL 47.75

STOCKS TO WATCH (positional)

IGL, BIOCON, INFY, WIPRO, CIPLA, ADANIPORTS, LUPIN, HDFC, DRREDDY, GODREJIND, ITC, DABUR, SUNPHARMA, ASIANPAINT.