20-05-13 NIFTY TREND:

20-05-13
MARKET TREND:

From last 5 weeks Nifty has closed in Green and played between 5500 and 6200.  Now the question is: Can we expect more? Market is driving by Money Flows and Peer market influence. As the market floating mixed news like S&P warning, RBI rate cut and PM will go away etc., we should trade with SL and try to take advantage of market movement.  As market correction is always expensive, one should be cautious.  Market range 6000 - 6200.  Traders can go short Nifty @ 6200 level with 6230/6240 SL.

NIFTY SPOT LEVELS:

Pivot: 6178

Resistance: 6209/6231/6263

Support: 6155/6124/6102 

NIFTY FnO BAN: NIL

  

STOCKS FOR DAY:

VIVIMEDLABS EQ: BUY > 288 TRG 306 SL 286

KOLTEPATIL EQ: BUY > 101.75 TRG 104 SL 100