02-05-13
MARKET TRE
Our FM most of the time release feelers to Pull Attention on Issues and Relax Hurdles whenever balance of action required. In recent he has started relaxing regulations, whichever helpful to improve fiscal balances with Debit Funds rather than Equity Funds.
Since, petrol prices have been adjusted to lower side and Corporate Debt cost has been reduced through Tax Reduction, Interest Rate Cut may not be need of hour. If RBI reduces (more than 25 bps) market will be taken as bonus and may end in green in this week.
Today's Market may open in Red and close in Green. Market range between 5800 - 6000.
NIFTY SPOT LEVELS:
Pivot: 5920
Resistance: 5972/6014/6066
Support: 5878/5825/5780
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
Bata India EQ: BUY > 737 TRG 761 SL 722
Beyer Corp EQ: BUY > 1140 trg 1170 SL 1120
MARKET TRE
Our FM most of the time release feelers to Pull Attention on Issues and Relax Hurdles whenever balance of action required. In recent he has started relaxing regulations, whichever helpful to improve fiscal balances with Debit Funds rather than Equity Funds.
Since, petrol prices have been adjusted to lower side and Corporate Debt cost has been reduced through Tax Reduction, Interest Rate Cut may not be need of hour. If RBI reduces (more than 25 bps) market will be taken as bonus and may end in green in this week.
Today's Market may open in Red and close in Green. Market range between 5800 - 6000.
NIFTY SPOT LEVELS:
Pivot: 5920
Resistance: 5972/6014/6066
Support: 5878/5825/5780
NIFTY FnO BAN: NIL
STOCKS FOR DAY TRADING:
Bata India EQ: BUY > 737 TRG 761 SL 722
Beyer Corp EQ: BUY > 1140 trg 1170 SL 1120
STOCKS
TO WATCH – POSITIONAL:
BHARTIARTL, LT, SUNPHARMA, SUNTV,
MARUTI, BAJAJ-AUTO
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