Thursday, April 4, 2013

MARKET IS SLIPPERY!

05-04-13

MARKET TREND:
Yesterday Market has given up one important 200DMA level.  Nifty may get support @ 5550.  Once this broken and closed below, market may slip to further lows. Nifty trading range also dropped to 5500 - 5700 level.  Due to Govt. Policy matter Sugar stocks will be on limelight.  Due to Weekend also, market may be range bound.

NIFTY SPOT LEVELS:
Pivot: 5595
Resistance: 5624/5674/5703
Support: 5545/5516/5466

NIFTY FnO BAN: HDIL

STOCKS TO WATCH (HOLDING BASIS):

WIPRO (WIPRO LTD)
LUPIN (LUPIN LIMITED)
SUNPHARMA (SUN PHARMACEUTICALS IND.)
DABUR (DABUR INDIA LTD)
DRREDDY (DR. REDDY'S LABORATORIES)

STOCKS FOR DAY TRADING:
 ANSAL HOUSING EQ: BUY > 57 TRG 59 SL 56
SUGAR SEGMENT STOCKS 

No comments:

Post a Comment