Tuesday, May 28, 2013

29-05-13 MARKET:

MARKET TREND:
Market is moving in line with Peer Markets.   General volatility is witnessed, which would be there before any Derivative Settlement. As RBI policy fallen day after the settlement date. rollovers are taking much before the normal practice.   Results and other Corporate News are adding the fuel to flare.   Market range is intact between 6000-6100.   Today market may open flat with negative bias and move positive till 6130/6140.  Day trades can go short. with 6170 SL.

NIFTY SPOT LEVEL:
Pivot: 6098
Resistance: 6141/6170/6213
Support: 6068/6025/5996

NIFTY FnO BAN: RENUKA

STOCK FOR DAY:
LIC HSG EQ: BUY > 277 TRG 279/282 SL 273
IDFC EQ: BUY > 156 TRG 158-159 SL 154
RELIANCE EQ: BUY > 839 TRG 851 SL 830

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