Sunday, May 12, 2013

13-05-13 market trend:

13-05-13

MARKET TREND:
Nifty is overbought on Daily Charts and Technically strong signs.  But weekly charts are have still some upside.  Since overall breadth is in due, market may go for some more consolidation between 5800-6200 range.   For day 6120/6140 will act as resistance.

NIFTY SPOT LEVELS:
Pivot: 6082
Resistance: 6119/6142/6178
Support: 6058/6022/5999

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IFBINDUSTRIES EQ: BUY > 84.50 TRG 86.75 SL 82


STOCKS TO WATCH – POSITIONAL:
GODREJIND (GODREJ INDUSTRIES LTD)
ADANIENT (ADANI ENTERPRISES LIMITED)
TATAGLOBAL (TATA GLOBAL BEVERAGES LTD)
PFC (POWER FIN CORP LTD.)
RECLTD (RURAL ELEC CORP. LTD.)
APOLLOTYRE (APOLLO TYRES LTD) 

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