WHY DIIs ONLY SCRATCH FIIs BACK?

16-04-13

MARKET TREND:

Yesterday purely it is pull back rally. We have expected the same and put the question ourself as "IS IT SUSTAINABLE?" In general pull-back rallies will survive only short time unless we get Volume break.  Yesterday FIIs have sold in Equities & Options and they are Plus in Futures Segment.  But our DIIs are in Plus side in Equity Segment. Positional traders can wait for A Day or Two to  build their portfolios. Nifty may get strong resistance @ 5650 (200 DMA) area and go for consolidation.  It is very clear, we should not be on Short side for movement. Since major corporates results are in way and our FM on Business Tour, news flows also will contribute some fuel to fire. As we mentioned in last week, we should be in aggressive, but only after 5650/5700 level sustainability.

NIFTY SPOT LEVELS:

Pivot:: 5554

Resistance:5607/5646/5700

Support:: 5515/5461/5422

NIFTY FnO BAN: HDIL

STOCKS FOR DAY TRADING:

RELIANCE EQ: BUY > 789 TRG 804 SL 778

LNT EQ: BUY > 1372 TRG 1400 SL 1352

GRASIM EQ: BUY > 2760 TRG 2822 SL 2720

STOCKS TO WATCH POSITIONAL:

ONGC (OIL AND NATURAL GAS CORP.), IGL (INDRAPRASTHA GAS LTD) , BIOCON (BIOCON LIMITED.) , CIPLA (CIPLA LTD) , ADANIPORTS (ADANI PORT & SEZ LTD) , LUPIN (LUPIN LIMITED) , DRREDDY (DR. REDDY'S LABORATORIES) , GODREJIND (GODREJ INDUSTRIES LTD) , DABUR (DABUR INDIA LTD), COLPAL (COLGATE PALMOLIVE LTD.) SUNPHARMA (SUN PHARMACEUTICALS IND.) , MCDOWELL-N (UNITED SPIRITS LIMITED)