Monday, June 3, 2013

04-06-13 MARKET:

MARKET TREND:
Market has taken correction to the level of 5920, where the Nifty has got support.  FIIs selling of Index Futures and increase of Equity Breadth,  indicates market will be under pressure and open for higher volatility.  Since OI positions are in range between 5900-6200 and market at lower band, market may be close flat after taking support at 5880/5900. 

NIFTY SPOT LEVELS:
Pivot: 5956
Resistance: 5995/6050/6089
Support: 5900/5860/5805

NIFTY FnO BAN: HDIL

STOCKS FOR DAY:
TATAGLOBAL EQ: BUY > 146.60 TRG 149 SL 144.75
OMNITECH EQ: BUY > 123 TRG 127 SL 118
GMDC EQ : BUY > 142 TRG 147 SL 137

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