Wednesday, July 10, 2013

11-07-13 MARKET

MARKET TREND:
As we mentioned in our yesterday note, specific stocks have increased its volatility.  But market has taken wild movement by adding shorts in the system.   Since today peer markets are in upbeat, market may be get opened in positive note and may continue index volatility.  Market get support at 5780/5760 level in the normal swings and close with positive bias.

NIFTY SPOT LEVELS:
Pivot: 5833
Resistance:5863/5909/5940
Support: 5786/5756/5710

NIFTY FnO BAN: NIL

STOCKS FOR DAY:
NMDC EQ: BUY > 104.50 TRG 106/107 SL 103
PRAJIND EQ: BUY > 40 TRG 41.75 SL 39

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