KEEP THE FEAR AWAY!

18-04-13

"When opportunity knocks, make sure your door isn't locked."

MARKET TREND:

Throughout the Globe, one are other reason all segments are getting corrected from last 2 days. When Gold price falling, many Central Banks sees an opportunity (except Gold ETF investors) to increase Gold reserves and even many fancy consumers from China and India.   Obviously Crude also will be purchased to average their cost and refill their oil kitties. Since, our Equity market is trading above 200 DMA and consolidating, this can be taken as an opportunity to average portfolios.

Today's market should open above 5720 and sustain above 5740, we can go Long for shorter period.  

NIFTY SPOT LEVELS:

Pivot: 5597
Resistance: 5724/5760/5787
Support: 5661/5633/5598

NIFTY FnO BAN: HDIL

STOCKS FOR DAY TRADING:

STER EQ: BUY > 87.75 TRG 90.25 SL 86
ITC EQ: BUY > 311 TRG 315 SL 309
SUNTV EQ: BUY > 376 TRG 386 SL 370
HDFC  EQ: SELL < 797 TRG 780 SL 800-810

STOCKS TO WATCH FOR POSITIONAL:

ONGC, ITC, IGL, IDFC, BIOCON, MARUTI, ULTRACEMCO, SUNPHARMA, LUPIN