Wednesday, April 24, 2013

DO NOT JUMP - UNLESS YOU ARE PROTECTED...

25-04-13
do not jump - unless you are protected....

MARKET TREND:
TODAY IS APRIL SERIES DERIVATIVES SETTLEMENT DAY.  OBVIOUSLY VOLATILITY WILL BE PERSIST.  YESTERDAY ALSO FIIs HAVE SOLD VERY GOOD AMOUNT OF STOCKS.  AS PER CANDLE CHARTS, MARKET MAY BE GET CORRECTED AND CLOSE IN RED.  AS PER CE/PE PREMIUM INDICATORS, MARKET MAY OPEN POSITIVE AND GO FOR BOOKING OF PROFITS.   5860/5880 WILL BE STRONG  RESISTANCE AREA AND GOOD FOR DAY TRADING SHORTS WITH 5910 SL.

NIFTY SPOT LEVELS:
Pivot:: 5824
Resistance: 5857/5877/5910
Support: 5804/5770/5750

NIFTY FnO BAN: HDIL, RENUKA

STOCK FOR DAY TRADING:
IDEA EQ: BUY > 115 TRG 117.5 SL 112

STOCKS TO WATCH - POSITIONAL

SUNPHARMA (SUN PHARMACEUTICALS IND.)
LUPIN (LUPIN LIMITED)
MARUTI (MARUTI SUZUKI INDIA LTD.)
IGL (INDRAPRASTHA GAS LTD)

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