11-06-13 MARKET:

MARKET TREND:

Yesterday market has witnessed short coverage.  FIIs are Long in Options Market.  Since revenues are very high in calculation of USD, USD strength,  Many News regarding India's Microfinance, RBI credit policy, Industrial Data and Rating of Banks etc FIIs might be cautious in their Equity Investment. Since OI support is  sliding from 5900 to 5800 also, indicate increased volatility of Nifty with negative bias.   Traders may go for short at higher levels, till Nifty closes above 6000 level.

NIFTY SPOT LEVELS:
Pivot: 5889
Resistance: 5920/5963/5995
Support: 5846/5815/5772

NIFTY FnO BAN: HDIL

STOCKS FOR DAY:
ITC EQ : BUY>  326 TRG 328-340 SL 324
HAVELLS EQ : BUY > 710 TRG 721-730 SL 701
NMDC EQ: BUY > 116 TRG 117-118 SL 115
GAIL (ONLY ON NEWS BASE WITH STRICT SL)