WHO SHOULD BELL THE CAT!

06-05-13

MARKET TREND:

As a developing country (from last so many years) we are going through many pressures, because of our Inbuilt Nature.  Generally Indians not looks like Aggressive, but fight for Self Respect and Intelligently wait for Opportunity . In this nature, snagging approach will be applied. That is reason, we take more time to reach destination or to solve problems.  In this process, many said problems would be diluted or mentally accepted to face it.  The financial matters are not differently dealt from the said nature. In between Power Struggle should not come in the way by passing the Bug.

We support Mr Rao's  point, what he repeats occasionally:  
"Subbarao also believes that the ball is in the government’s court to revive investor sentiment and growth. “Without policy efforts to unlock the tightening supply constraints and bring enduring improvements in productivity and competitiveness, growth could weaken even further and inflationary strains could re-emerge.” (extract from firstpost.com).

As a common man we expect, the Politicians and Bureaucrats, SHOULD HAVE MORE TEETH TO CONTROL THINGS, BUT NOT TO BUILD MUSCLE. 

Since, Govt. focussing on structural changes to meet the financial goals, FIIs may follow, wait and watch policy.  Since our markets are mostly depend on FII flows, market may get consolidate between 5800-6100 levels.

Today market may open with positive note and play between 6020-5950

NIFTY SPOT LEVELS:

Pivot: 5958

Resistance: 5986/6028/6056

Support: 5916/5888/5845

NIFTY FnO BAN: NIL

STOCKS FOR DAY TRADE:

ADANI PORT EQ: BUY >154 TRG 160 SL 150

BERGER PAINTS EQ: BUY > 194 TRG 198 SL 192

AMBUJA CEMENT EQ: SELL < 189 TRG 184 SL 193

STOCKS TO WATCH - POSITIONAL: (BANK STOCKS CAN BUY AT  WEEKLY LOW)

YESBANK (YES BANK LIMITED)
AXISBANK (AXIS BANK LIMITED)
TATAGLOBAL (TATA GLOBAL BEVERAGES LTD)
M&M (MAHINDRA & MAHINDRA LTD)
INDUSINDBK (INDUSIND BANK LIMITED)
KOTAKBANK (KOTAK MAHINDRA BANK LTD)