Monday, July 1, 2013

02-07-13 MARKET

MARKET TREND:
Yesterday Market is continue the previous day direction with Reliance group support .  Still Cash Flow and Directional Indicators are not convincing to say market is in up trend.  As the Present Nifty Range is between 5600 - 6000 and pullback was taken place, market may be flat after oping with negative bias.  5875/5840 can act as support to market with resistance of 5930.

NIFTY SPOT LEVELS:
Pivot: 5875
Resistance: 5928/5957/6010
Support: 5845/5790/5760

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
IDEA EQ: BUY > 143 TRG 146 SL 140.50
JAYPEEINFRA EQ : BUY > 23.6 TRG 26.50 SL 22
RECL EQ: BUY > 204.50 TRG 209 SL 201
BHEL EQ: BUY > 178 TRG 180 /183 SL 175.50

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