ACCEPTING YOURSELF!

07-05-13

REVIEW:

Why Cobrapost expose was a non-event for bank stocks? (question from press)

This is an article from a media on irregularities (PAN, KYC, MONEY IN LOCKERS etc) of investments, which are through bank and insurance products. Generally market was not taken serious and in fact SBI etc closed in green.   

We, Indian Public used too many kind of irregularities, right from traffic rules to investigations and politician & businessman scandals.   Even lakhs of crores of public money is reported under various scandals, except some people like ANNA HAZARE etc, common man never bothers .   From many days purposefully our Rulers have prepared us for this kind of things. When media also started Breaking News concept for even small issues, people started Scale even major issues in same level.  That is reason, now a day any news regarding EXPLOSION IN PAKISTAN and SCAMS/IRREGULARITIES IN HINDUSTAN are not much impact news.

MARKET TREND:

Market may move in line with peer markets.   Market likely to open flat. 6020/6040 will act as major resistance.  Since volumes are low and market is overbought position, market may be in range bound.  

NIFTY SPOT SUPPORT:

Pivot: 5958

Resistance: 5989/6007/6036

Support:: 5940/5910/5890

NIFTY FnO BAN: NIL

STOCKS FOR DAY:

JINDAL STEEL EQ: BUY > 324 TRG 328 SL 320
RECL EQ: BUY > 221 TRG 226 SL 218

STOCKS TO WATCH – POSITIONAL:

APOLLOTYRE, RELIANCE, TATAGLOBAL, ADANIENT, RECLTD, GODREJIND