Sunday, April 14, 2013

IS IT SUSTAINABLE?

15-04-13
is it sustainble.............
MARKET TREND:
Friday Nifty has lossed 62 points, with Green Candle.  This indicates money is in, even though market losses its value.  In other words, traders have covered some CE shorts and went further short in PE side also.  At market open, Traders may cover their PE shorts by taking, clues from Peer Market and Positive Expectation on Inflation. Market also may be close flat, since peer markets are at negative and coming 2 days there are results of Reliance, TCS and Axis Bank.  

NIFTY SPOT LEVELS:
Pivot:: 5523
Resistance: 5550/5572/5600
Support: 5500/5473/5450

NIFTY FnO BAN: HDIL

STOCKS FOR DAY TRADING:
Andhra Sugars EQ: Buy > 135 TRG 142 SL 132
lUPIN lTD EQ: BUY > 653 TRG 668 SL 644

STOCKS TO WATCH FOR POSITIONAL:
IGL, BIOCON, CIPLA, ADANIPORTS, LUPIN, GODREJIND, DRREDDY, DABUR, COLPAL, SUNPHARMA, MCDOWELL-N

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