26-04-13
MARKET TREND:
NIFTY SPOT LEVELS:
Pivot:: 5898
Resistance: 5942/5969/6014
Support: 5870/5826/5800
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
CHOLAMANDAL FINANCE EQ: BUY > 265 TRG 269 SL 262
PUNJAB CHEMICALS EQ: BUY > 49 TRG 52.50 SL 48/44
STOCKS TO WATCH-POSITIONAL:
MARKET TREND:
Yesterday market has moved as per expectations. Even though, Market stood Technically very sound, distribution is not very good. Business volumes have been build up with selective strips. Surprisingly, high beta stocks like, JP Associates, DLF etc have listed in Loosers. In general, volume build up market will go for profit booking, when ever wider distribution is there. Since RSI is not in overbought situations, market may wait for profit booking and try for consolidation. Nifty may get resistance @ 5970/5990.
Pivot:: 5898
Resistance: 5942/5969/6014
Support: 5870/5826/5800
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
CHOLAMANDAL FINANCE EQ: BUY > 265 TRG 269 SL 262
PUNJAB CHEMICALS EQ: BUY > 49 TRG 52.50 SL 48/44
STOCKS TO WATCH-POSITIONAL:
APOLLOTYRE, SRTRANSFIN, IGL, BHARTIARTL, SUNTV, MARUTI, LUPIN,
SUNPHARMA,
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