Wednesday, May 8, 2013

INDICES VIRTUALISATION!

09-05-13

MARKET TREND:
Yesterday market has moved in range by respecting recent high and witnessed Consolidation &  Virtualisation of Indices.  Even yesterday FMCG Indice is favorite Indice,  which is all time favorite in overbought market. Today also same scenario may be continue and market will move in line with Peer Markets. 6090 will be act as resistance.  Closing above 6100 only market will go to the next level of 6300.  

NIFTY SPOT LEVELS:
Pivot: 6059
Resistance: 6094/6118/6152
Support: 6035/6000/5976

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
GODREJIND EQ: BUY > 315 TRG 320 SL 310
DISH TV EQ: BUY > 68.5 TRG 69.75 SL 67.25


STOCKS TO WATCH-POSITIONAL:
IDFC, RELIANCE, TATAGLOBAL, RECLTD, PFC, INDIAINFO, ADANIENT, TI, GODREJIND, KOLTEPATIL, SOBHA, TREEHOUSE

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