Tuesday, June 25, 2013

26-06-13 MARKET:

MARKET TREND:
As we mentioned in our TWITTER (roaringstocks) VIX breakout opened for higher volatility in Nifty.  Traders are acting in line with market nature.  Before the settlement the same trend may be expected.  Still Nifty range is between 5500-5700.  Unless Nifty Spot closes below 5480, we should not go for fresh shorts.   In this market situation Positional Traders (net worth traders) will have higher edge over Day Traders.  

NIFTY SPOT LEVELS:
Pivot: 5615
Resistance: 5660/5711/5756
Support: 5564/5519/5468

NIFTY FnO BAN: HDIL, PUNJLLOYD

STOCKS FOR DAY:
BHARATI AIRTEL EQ: BUY > 291 TRG 302 SL 284
TATA SPONGE EQ: BUY > 281 TRG 286 SL 277
BF INVEST EQ: BUY > 41 TRG 43 SL 40

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