Thursday, June 6, 2013

07-06-13 MARKET:

MARKET TREND:
As we mentioned market volatility continued with in range.  Market taking support of 50DMA and waiting to break.  Yesterday FII are in long side by adding Index Options and Selective Equities. Today market may start flat and go for correction from higher side.  5960 level can go for short with SL 6000.

NIFTY SPOT LEVELS:
Pivot:: 5916
Support: 5876/5828/5788
Resistance: 5962/6003/6049

NIFTY FnO BAN: HDIL

STOCKS FOR DAY: 
GODREJIND EQ: BUY > 304 TRG 308 SL 300
APOLLO TYRES EQ: BUY > 92.50 TRG 94.50 SL 91
ARVIND LTD EQ: BUY > 84 TRG 89 SL 81
JUBILANT FOOD EQ: SELL < 1086 TRG 1070 SL 1097

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