Wednesday, May 29, 2013

30-05-13 MARKET:

MARKET TREND:
Yesterday market has moved as it suppose to be the day before derivatives settlement. There is no extremes except Nifty Futures running in discount and open interest in minus.  All major Indices (except Kospi) have been closed in Red.  Market may flash in opening and go for low levels.  Today closing is important to have view on market trend.

NIFTY SPOT LEVELS:
Pivot: 6100
Resistance:6123/6155/6185 Support: 6074/6044/6019

NIFTY FnO BAN: RENUKA

STOCKS FOR DAY:
SUNPHARMA EQ: BUY > 1055 TRG 1090 SL 1030
HER0 MOTOR EQ: BUY > 1775 TRG 1806 SL 1755
RELIANCE EQ: BUY > 843 TRG 853 SL 837
RECLTD EQ: BUY > 233 TRG 237 SL 229
TREE HOUSE EQ: BUY > 274 TRG 280 SL 268
LICHSGFIN EQ: SELL < 272 TRG 266 SL 276

SOBHA DEVE EQ: SELL < 408 TRG 402 SL 412

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